4 replies to this topic

[linrom1]

They're rotating out of tech into beat up retail and airline stocks. The logic is simple: tech stocks won't have any earnings and beat up retail and airline stocks can be explained away.

 

Another thing, they're keeping DOW up and selling everything else to hide it.

Edited by linrom1, 27 May 2020 - 09:25 AM.

[CLK]

Just simple rotation. Tech earnings are there, they are just overvalued compared to the Dow and SPX.

 

I knew there would be profit taking near ATH's.

[LMF]

Bottom of the wave1 channel hit on TQQQ......that line has to break if wave2 starts. 83.32 May have been the top of wave1.

Edited by LMF, 27 May 2020 - 10:47 AM.

[pdx5]

They're rotating out of tech into beat up retail and airline stocks. The logic is simple: tech stocks won't have any earnings and beat up retail and airline stocks can be explained away.

 

Another thing, they're keeping DOW up and selling everything else to hide it.

 

BINGO!

[CLK]

May is not a good month for stocks on average, June and July should see much higher prices.

 

My shorts don't make enough to justify even closing them, outside of futures, there is nothing here,

maybe same day options, but I'm not about to try those.