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Not much else to say other than market was ST overbought in a downtrend. The news just justifies it going down.

Fed just needs to issue some "stable coins."

:D:D:D I laughed out loud! Well done!

I hope you're joking.

We'll find out tomorrow!

Great question. I don't know the answer to that. I still don't have this month figured out. I break down charts by time frames and look for recognizable patterns within longer to shorter term time frames. I CAN tell you that I was extremely confident that we would be up this week and today...

Overnight -- I don't care what Powell says, and neither should you. You should pay attention to what the market, itself, is telling you.

Overnight -- the market was moving up this week and today. Didn't matter what Powell said.

This whole week and today was forecast to be up if you can read the tea leaves.

And digital images of beanie babies which entitle you to some rights in the code referencing the digital image of the beanie babies. "The Line Goes Up"

"The Line Goes Up" This explains the insanity of all this pretty well. In a way, it may also give credibility to the view that we're in the biggest speculative bubble of all-time.

Honestly, I have never looked at RV stocks. But I find this post interesting because I was driving home from Florida a few weeks ago and passed a large RV dealer (maybe in Tennessee?) and couldn't believe how much inventory they were sitting on - just "seemed" to be a lot. And if demand is...

That one is a customized all-US stocks momentum indicator. But here is all-US advance-decline line over the S&P:

Also, I think having some objective indicators that tell you market momentum are helpful, I know Overnight argues that no one can predict anything, but this indicator gave a warning even ahead of 2020 meltdown. I like this because the MACD gives an alert and then the parabolic SAR gives a...

Multiple time frames help. That was the one thing I kept coming back to was that my monthly charts looked bearish going into April.

What is the fight, in this case?

What the heck does that mean? I assume it means buy because K Calhoun just started a thread "Don't Fight the Fed - Bearish pressure continues"

Buy1Sell2: You have had a pretty good read on the market overall -- you were just a little early on the market reversal after the initial surge off the mid-March lows. Keep up the good work!

Good stuff and true. Surprises typically happen in direction of existing trend. Heck - look at a weekly chart of stock market on 9/10/2001.

I’m still bullish in the int term given momentum, breadth, sentiment and seasonality. But I can see being more cautious down the road.