The smart money says are are bottoming...
- Thread starter SoyUnGanador
- Start date
%%Maybe even have bottomed. Why do I say that? Easy. Technical analysis. I look at the one-year Naz chart on yahoo finance. Then I connect the lows. Do you see how my yellow paper goes from going down to going up (I have to add a second piece of paper and point it up to make the new latest dots match).
Now, we could get a huge down day that goes below that up trendline, and my TA is then out the window and we are going lower. But based on my analysis, we are going higher from here. Bet accordingly.
I'm glad you can use yellow paper for TA/ i used 200dma on DIA/UDOW
NOT a prediction.
VALE + gold miners have had some [yellow color/LOL] good uptrend aboveVe 50dma.
FRI turned the tide for many by close.Good call, not a prediction.
Actually amazing how many markets are up, as noted in WSJ, + IBD ''Big Trends '' FRI [YTD]
Speaking of big trends/ took profits on yellow CAT, good uptrend may get back in again\ CAT did well in 1973 + '74....................................................................................
IF SH keeps closing down may cut a loss on that , but i like a few bear trends anyway.Thanks
As I stated numerous times on here, inflation peaked a long time ago it just took time for the yearly headline number to look meaningful. In Canada, CPI was down 0.1% in December, up 0.1% in November. Like many sentiments and economic indicators, people tend to get lost in trailing numbers and emotions and fail to notice when things have pivoted. The Fed talks a tough game because they'd love to get people to help their mandate beyond the past rate hikes. But the bond market and the trend in the numbers clearly indicate much lower inflation ( not the 2% but a new normal above that ) and very few if any rate hikes in 2023. The short term mandate is pretty much over and the economy is doping quite well considering how hard the Central Banks are hammering it. This is not a good sign for traders still betting on calamity in stock markets. We may actually not get a recession at all in NA. If we get one in the US, it will be mild and short imo.
The NDX, and all indices, will continue to trend down, until the FOMC blinks and pauses. Expand your chart back a year and you will see it. Rates go up, markets go down. Rates go up, markets goes down.
I have a video to help you understand the cadence...
But that's just it. Rates haven't been going up, since early Nov - other than really short term talking 30, 90 day notes.
I mean the Fed's hikes, not bonds and notes.
Oh isn't this just grand. Since I posted this thread, we are way up. We bottomed. Just like I said in my OP. But someone with low self esteem keeps screeching like a little girl about how I am wrong to make her feel better.
LOL, feels good mon.
LOL, feels good mon.
It's not whether you are right or wrong that counts it's how much you make when you're right!Oh isn't this just grand. Since I posted this thread, we are way up. We bottomed. Just like I said in my OP. But someone with low self esteem keeps screeching like a little girl about how I am wrong to make her feel better.
LOL, feels good mon.
Yup why I use words like likely, maybe, might, soon see. Could care less about being "right"
So tomorrow might be a key day ($SPX Daily TD Sell Seq13), and that was even before I looked and saw Powell's fav inflation guage on the calendar - PCE Core released @ 830am.
Nothingburger and we continue higher or ............... well permabulls don't like to think of the other possibility so we won't upset them by mentioning it.
