23 replies to this topic

[redfoliage2]

Currently it's just doing VST consolidation and then to go higher  ..................

The consolidation is likely to be done today ........................

Edited by redfoliage2, 03 March 2021 - 08:44 AM.

[redfoliage2]

ADP data out today indicate that the Fed will have to do more to support the economy:

https://www.cnbc.com...ruary-2021.html

 

I see this is bullish for the stock market, and bearish for the bond yields.  You can forget about the bond yield hype..................

Edited by redfoliage2, 03 March 2021 - 09:44 AM.

[12SPX]

Hmmm, no rally and totally think the bond yields are challenging the stockmarket, were right back to where we were before the virus.   Dividend yields are equal for bonds and stocks now and at these P/E levels think your safer in bonds right now.  Volatility will likely remain high all year even if we eek out new highs.

[redfoliage2]

 

Currently it's just doing VST consolidation and then to go higher  ..................

The consolidation is likely to be done today ........................

 

As I predicted this dip is being bought, that indicates that bulls are still in control.  Expect SPX to close higher by the end of the week ..................

Edited by redfoliage2, 03 March 2021 - 11:38 AM.

[redfoliage2]

Be prepared for more liquidity coming in the next few weeks
as the 1.9 Trillion relief bill to pass the Senator between today and Saturday.

https://www.washingt...s-covid-relief/

Edited by redfoliage2, 03 March 2021 - 01:00 PM.

[12SPX]

hmmmm

[redfoliage2]

https://www.cnbc.com...pportunity.html

[12SPX]

I far respect Tom Lee more and he says the opposite, look to your right on that screen.  Still sticking with the market needing a decent correction otherwise it will just continue to chop around for awhile.

[redfoliage2]

COVID has permanently changed the world, human behavior and the economy.  The world had entered a new economy with no return because of COVID and its ability of continuous variations in the future.  The leaders in the new economy will continue to be leaders and laggards to be laggards.  So, Tech is the way to go in the long run.  Expect a Re-rotation when investors have realized that the recent Rotation trade was just a hoax with no scientific basis .........................

Edited by redfoliage2, 04 March 2021 - 10:53 AM.

[redfoliage2]

I'm not surprised to see the market stopped bleeding today.  NYAD was up yesterday at the close when the market was down big indicating the selling was unsustainable............................................