"Throes" not "thores"
Got caught up in trading QQQ options today, what a day!
This dying bull is in the final death throes and today's reversal - for whatever reason(s) - shows how
fragile this market is.
Yes, there will be rallies but I simply cannot see this bull market getting back on track to new highs.
That 50-ma will be hurtling down towards the 200ma since we are now in day 49 since the market highs and,as you know, it has been basically down since then.
This is interesting:
The GOP tax plan means short-term gains for the economy, but federal debt is primed to explode, CBO analysis says
- The Congressional Budget Office forecast that the new tax law will generate an average of 0.7 percent growth over the decade and create 1.1 million jobs.
- However, larger budget deficits would crowd out private investment in later years, dampening economic growth.
- As a result, the CBO estimated the cumulative deficit over the next decade will be $1.6 trillion larger than previously projected. By 2028, the national debt would total 96 percent of GDP.
Erin Swenlin | April 09, 2018 at 06:58 PM After the market close, my technical alert activated on IJR, the S&P 600 ETF with a new Intermediate-Term Trend Model Neutral signal. I noted that this same signal has already been hit on IWM, the Russell 2000 ETF. While I believe we are in a consolidation or shake out with a follow-up rally likely coming in the market, I'm not yet convinced the bull market is or will resume anytime soon. I'm sure it hasn't passed notice that Carl and I have been more bearish than most based on sector rotation study, our indicators and now I'm seeing small-cap charts setting up for decline, not rebound... Continue Reading
Edited by OEXCHAOS, 10 April 2018 - 08:14 AM.