Top 8 NASDAQ companies are the only ones holding this rally. Are those companies running out of gas? possible topping?
Watch the VIX.
This is a long term swing trade into the summer. Don't be deceived by the analysts and other puppets out there. We are still in a complacency stage. 2000's bubble brought NDX down by 82%. Applied today that would put the end price target of around 4,000 lol. Not saying we'll get there, but I am really far from bullish. The real bear market will start once the FED begins to cut rates.
Watch the VIX.
This is a long term swing trade into the summer. Don't be deceived by the analysts and other puppets out there. We are still in a complacency stage. 2000's bubble brought NDX down by 82%. Applied today that would put the end price target of around 4,000 lol. Not saying we'll get there, but I am really far from bullish. The real bear market will start once the FED begins to cut rates.
Comment:
I took a small long on this mini bounce we are about to have with a very tight stop.
The divergences are screaming that we are going to have a huge drop very soon.
Like I said before, VIX already broke and will most likely spike hard this/next week.
The divergences are screaming that we are going to have a huge drop very soon.
Like I said before, VIX already broke and will most likely spike hard this/next week.
Comment:
In my opinion this bounce has come to an end.
The only stocks responsible for driving this rally are all maxed out.
Also VIX has closed its gap today.
The only stocks responsible for driving this rally are all maxed out.
Also VIX has closed its gap today.
Comment:
Well there it is, tomorrow we have the FED. Then on Thursday we have Apple's earnings.
Fed will hike.
Apple's earnings will disappoint.
Dept ceiling June 1st?
Today DXY crashed along with indices, along with yields and oil. This means that the market is now in recession mode.
Fed will hike.
Apple's earnings will disappoint.
Dept ceiling June 1st?
Today DXY crashed along with indices, along with yields and oil. This means that the market is now in recession mode.
Comment:
10Y3M curve inverted by -1.80 today... It has never been that inverted in any other economic recessions.
Smart money have sold most of their positions from both October & March rally.
I am betting on this week being the turning point for the market.
I will be taking profits on 11900, 10700 and 9700.
Happy trading everyone.