FWIW, I'm short bonds.
When looking at the longer term advance/decline data, one might conclude that the FED has been "tapering" for quite awhile now.
Data through October 1st.
Fib
http://www.technical.../ltig100121.png
Posted 09 October 2021 - 06:56 AM
FWIW, I'm short bonds.
When looking at the longer term advance/decline data, one might conclude that the FED has been "tapering" for quite awhile now.
Data through October 1st.
Fib
http://www.technical.../ltig100121.png
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 09 October 2021 - 03:11 PM
FWIW, I'm short bonds.
Depending on your time horizon, it could be a good play, but I think the meat on the bone is getting thin.
LT there is a lot of overhead resistance in yields!
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
Posted 10 October 2021 - 07:31 PM
Earnings reporting season kicks off this week with big banks to report on Oct 13th and I see most of them will beat ..........................
Edited by redfoliage2, 10 October 2021 - 07:33 PM.
Posted 11 October 2021 - 09:17 AM
As the ST issues have been resolved I expect the market going higher next week for OpEx .......................
Currently the market is bullish-biased, VST target SPX 4455 ...............................
Edited by redfoliage2, 11 October 2021 - 09:26 AM.
Posted 11 October 2021 - 11:47 AM
It dropped back into the down channel, turning bearish again ........................
Posted 11 October 2021 - 01:56 PM
It dropped back into the down channel, turning bearish again ........................
This just tells that the stock market still has more downside to go ..................
Edited by redfoliage2, 11 October 2021 - 01:58 PM.
Posted 12 October 2021 - 10:17 AM
Watch out - SPX 200 dma is like a magnet down there ......................
Posted 12 October 2021 - 12:48 PM
However, it looks a bounce in the cards if big banks' reports please the market tomorrow.........................
Edited by redfoliage2, 12 October 2021 - 12:51 PM.
Posted 13 October 2021 - 12:14 PM
This market is rotten, JPM got sold big today upon reporting earnings beating the consensus. This looks a trend and the stock got sold as soon as the earnings reported. This tells me the stock market correction is not done yet.....................
Posted 14 October 2021 - 08:47 AM
With SPX regained 4400 the market turned ST bullish .....................