Market Outlook

Quote from GrandSupercycle:

Back to the recurring USD strength - bring on the overdue dollar rally. (which won't happen until equity buying support is overwhelmed by selling pressure)

At what point do all these losing trades hit your stops and you acknowledge your technical analysis is clearly wrong ? Your "wedge" theory is flawed it allows you to remain in a "wedge" for a long, long time losing money short. You also seem to miss graphing the failed "wedges" of the past. This indicates you allow bearish bias to interfere with proper technical analysis.

The overall market is trending up. Where it goes now depends somewhat on news but one distinct possibility is that there will be overwhelming buying pressure from retail buyets / mutual fund managers. Shorting in this specific situation is a good way to go broke. Seen this many times before and the best money is there by going with strong large caps with decent earnings. Retail investors love these stocks. I like TD and RY on the TSX.
 
Recurring DOW/S&P500 buying support returns yet again.
When the sell off does occur, it won't be pretty - as mentioned earlier this market behaviour is similar to 2007 / 2008.
 
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