Weekend Sept 18 222
I have posted charts of closed end municipal bond funds and now they are really getting my attention.
The Fed's rate-setting committee will declare the results of its meeting on Wednesday, Sept. 21. The market has currently priced in a 20% chance that the central bank will unveil a 100 basis-point hike. Meanwhile, there is currently an 80% chance the central bank will announce a 75 basis-point rate hike.
Look closely at this chart of MVF a closed
end municipal bond fund. The rice dropped to a new low 6.87 at the end of his week.
At bottom, MACD rose and now looks like it is going to fall again.
Money flow at top is negative. WE had a spike low due to covid in 2020. Could we have another spike low due to a FED hike. If so would that be a wnderful buying opportunity after the Wed announcement? the announcement is yes
Here MVF is breaking a triple bottom, let's follow this week, might be a great spike down bargain
Here is another possibility in REITs
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