Short term top call here...? Sold stonks into bear mkt rally

Short term the most important indicator is the US dollar. As long as it goes lower to sideways this market most likely goes higher. Its lower again tonight.

A rising dollar is the harbinger of death for the equity markets.
 
There is another angle. What price action will cause maximum pain, because that seems to be its goal, if it were sentient.

I predict it breaks the down trend then whips back down, after enough stops are filled.
 
nitrene said:
Short term the most important indicator is the US dollar. As long as it goes lower to sideways this market most likely goes higher. Its lower again tonight.

A rising dollar is the harbinger of death for the equity markets.
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I have seen calls for a final capitulation selloff, where we get everyone finally saying fugg it, dump it all, before the bull market resumes.

That capitulation trade, they say, is going to be brutal. Don't ask me for specific levels, but I have seen some ridiculous estimates. Like ~2500 and shit on SP. Because the world is doomed. WTF.
 
nitrene said:
Short term the most important indicator is the US dollar. As long as it goes lower to sideways this market most likely goes higher. Its lower again tonight.

A rising dollar is the harbinger of death for the equity markets.
More...


Dollar index is mostly euro and yen vs dollar

ECB still printing with negative interest rates and inflation approaching 10%

Japan bank is fully retarded in printing too

US starts QT in 4 days initially 50 billion and quickly approaching 100 billion with interest rates rising 1.5 % in the next 3 months

It will be a miracle if dollar goes lower
 
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I have (perhaps) a dumb question. What the hell is a "stonk"? I always kinda thought that's what the children called stocks, but now I'm not sure.
 
ktm said:
I have (perhaps) a dumb question. What the hell is a "stonk"? I always kinda thought that's what the children called stocks, but now I'm not sure.
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It's a slang froom wbets
,,Stonks only go up"

Stock/equity
 
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kashirin said:
Dollar index is mostly euro and yen vs dollar

ECB still printing with negative interest rates and inflation approaching 10%

Japan bank is fully retarded in printing too

US starts QT in 4 days initially 50 billion and quickly approaching 100 billion with interest rates rising 1.5 % in the next 3 months

It will be a miracle if dollar goes lower
More...
That is all true but the drop in the USD is necessary for a global recover if it were to happen. That is simply the math of being the reserve currency. Since 5/13/22 it has dropped about 3% so that is significant.

Ironically right now it is being driven by the commodity currencies rising mainly AUD & CAD. EUR & JPY basically unchanged.

A rising USD will crush all the issuers of dollar denominated debt. It is a harbinger of a global recession.
 
yes stonks only goes up. i traded my wife ira yesterday 5/26/22...bought her some spxl before the close and now she is thanking me for it.
 
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