Member
Posted 22 June 2020 - 07:54 PM
how important i dont know we could do a corrective wave ii here or we could start a bear market
i dont know , we are going to find out . at the minimum we are going to have a pullback
yes the techs are acting well but a lot of sectors are not this whole rally could have
been an elliott 5th wave all fwiw
Member
Posted 23 June 2020 - 04:52 AM
What is your opinion on $SOX? Fundamentally speaking, it would seem to me that the Semis are most affected by the trade deal news since as a sector, they have the maximum revenue exposure to China.
I want return OF my money more than return ON my money
Posted 23 June 2020 - 09:10 AM
China has 1.4 Billion people. The world has 8 Billion people. Asia has 5.5 Billion perople.
Almost all countries in East Asia and South Asia are heavily populated and becoming more prosperous by the hour.
Mr Ambani in India is now worth $65 US Billion, making him 9th richest man in world, and the richest in all of Asia.
Eastern Asia (Turkey, UAE, Saudi A, Syria, Ukraine, Israel etc ) countries are also gaining in economic output.
My point is China is no longer the only important economy in Asia. Japan still makes better quality goods than China.
Edited by pdx5, 23 June 2020 - 09:11 AM.
Member
Posted 23 June 2020 - 12:11 PM
2nd quarter window dressing should keep us good to July. Notice how Powells bond buying binge will be at the same time the economic dead cat bounce and unemployment sugar high wears off. Ol' Jay's coming with six guns blazen!! (JMHO)
Member
Posted 23 June 2020 - 05:52 PM
the sox very well could have topped today financials and transports not a part of this rally not good imo
we will see
