{"id":140868,"date":"2019-01-31T07:50:38","date_gmt":"2019-01-31T12:50:38","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140868"},"modified":"2019-01-31T06:51:04","modified_gmt":"2019-01-31T11:51:04","slug":"adp-numbers-and-the-us-fed-hit-the-launch-button","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/adp-numbers-and-the-us-fed-hit-the-launch-button\/","title":{"rendered":"ADP Numbers and the US Fed Hit the Launch Button"},"content":{"rendered":"
January 31, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Get ready for a potential blastoff in the US stock market as all-stars are beginning to line up for an incredible upside price rally.\u00a0\u00a0 The Fed, taking a warning from the markets and the global economy, has decided to leave rates unchanged for now.\u00a0 It appears they have moved to a more cautious stance in an attempt to foster continued economic growth over rate increases.\u00a0 The purpose of this is clear to anyone watching what is happening across the planet \u2013 the US is the strongest, most mature economy on the planet.\u00a0 The US fed can\u2019t risk creating another debt\/credit collapse at this time.\u00a0 It is better to move in measured steps than to move \u201call-in\u201d over a short period of time.<\/p>\n

Additionally, ADP released their Jobs numbers for December 2018 today with an expected 271k jobs number.\u00a0 This is an incredible number for December.\u00a0 Our interpretation of December employment numbers is that the Christmas hiring has already ended and many companies are have already shipped\/supplied product for the holiday season.\u00a0 By December, we expect to see weaker jobs data with the expectation that firms are downsizing payroll while planning for the Spring sales season to get started.\u00a0 This does not take into consideration the weather events that typically plague December.<\/p>\n

The only things left for this rally to really blast off would be strong earning data and some resolution to the China trade issues.\u00a0 If either of these \u201cbooster rockets\u201d hit the news cycles over the next 30 days, we could easily see the US stock market rally toward all-time highs in a matter of weeks \u2013 not months.<\/p>\n

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Pay attention to the way price is setting up and take special note of the fact that the US economy and stock market are really the biggest, and safest location on the planet, right now, for any capital.\u00a0 As long as these numbers keep pouring in like this and the US Fed doesn\u2019t hit the \u201cpanic button\u201d, there is a very good chance that the US markets will continue to rally until some type of foreign market event deflates this move.<\/p>\n

Have you been suckered into shorting this rally over the past few weeks?<\/p>

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We have been expecting this rally since the end of December and we do feel it will continue to trade sideways or higher for a couple more months, at which time we will need to reevaluate the state of the market. The Feds move was bullish for stocks and it could be enough to send the market substantially higher, but it also means they know the economy is not as strong as they thought and didn\u2019t feel it would be good to raise rates.<\/p>\n

The chart below shows what could happen if stocks can rally and close above last weeks high. It could spark another run-up in stock prices to new highs.<\/p>\n

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Overall, the stock market is at a critical tipping point much like the December 2000 market top, April of 2008 market top, and the two continuation moves during October 2011 correction and rally, October 2015 correction and rally. What happens over the next couple of months will determine where your long-term investments should be placed.<\/p>\n

Visit\u00a0TheTechnicalTraders.com<\/u><\/a> to see how we\u2019ve been calling these moves. We\u2019re not perfect at making calls \u2013 that would be completely unreasonable to think we can predict the future 100% of the time.\u00a0 But we are confident that our daily videos, proprietary price modeling tools, and detailed global market research will provide you with the advantage you need to create more success \u2013 Join Now!<\/p>\n

Chris Vermeulen<\/p>\n

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Get ready for a potential blastoff in the US stock market as all-stars are beginning to line up for an incredible upside price rally.\u00a0\u00a0 The Fed, taking a warning from the markets and the global economy, has decided to leave rates unchanged for now.\u00a0 It appears they have moved to a more cautious […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-140868","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=140868"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140868\/revisions"}],"predecessor-version":[{"id":140869,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140868\/revisions\/140869"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}