USD/JPY

As predicted, following a highly probable trade yields favorable results.

DAILY ACCOUNT STATS

TAKE PROFIT on trade:19 PIP

PRIMARY ACCOUNT: increase of 10.6% YTD

This Friday the 20th looks to be a busy trading day with possible moves but with limited liquidity given the fact that Europe will be closed for the weekend. 

Unfortunately, if I had to make a prediction, I would have to say that we can expect the DOW and S&P futures to show lower for Europe's market open on Sunday night.  It seems at every turn, companies that we thought had a solid footing in the markets are reporting layoffs,  Amazon, Microsoft, Meta, Alphabet, Netflix.

The trickle down effect affects everyone at some point.   If a worker at an Amazon Warehouse gets laid off, he can't take his wife out for dinner, and the server wont get that tip, as a result, the server is no longer able to buy that 88" flat screen TV from Best Buy, and the cycle continues.

However, the key word in this is that it is a cycle.   This same thing took place around 2000 with the DOT.COM bust.   

Jim Kramer (Love him or Hate him) always says "There's a bull market out there somewhere".  And these words are so very true.

Lets see what Friday and Sunday bring us.