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ST BOUNCE, then LOWER LOWS


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#21 K Wave

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Posted 13 June 2022 - 09:56 AM

MASSIVE candle on JP 30 year yield ....something just broke....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#22 kaiser soze

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Posted 13 June 2022 - 10:09 AM

Interesting how QQQ (down 4% and change) is the only sector showing any fight despite being over-owned, valuation compression, peak earnings, etc.  Value and cyclicals have simply buckled under recession fears and continuing to slide meekly.

 

VLUE down 4.1%

XOP down 8%

OIH down 8.1%

SPHB down 6.8%

FCG down 8%

KCE down 4.6%

IWM down 5%

ITB down 5.6%

XRT down 5.1%

XME down 7.6%



#23 12SPX

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Posted 13 June 2022 - 10:10 AM

hmmmmmm, average long now 3925, likely gonna hit 3900 eventually lol!! 



#24 K Wave

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Posted 13 June 2022 - 10:11 AM

Traanies sportin' that 12 handle today...we have a visual on the target...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#25 K Wave

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Posted 13 June 2022 - 10:16 AM

AMZN a hair away from fresh bear market lows, after perhaps the most classic public suck-in I have ever seen on "Split Day"


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#26 kaiser soze

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Posted 13 June 2022 - 10:19 AM

AMZN might be bottoming.  Not able to break the lows from 2 weeks ago.



#27 K Wave

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Posted 13 June 2022 - 10:32 AM

Can only imagine the panic in the over levered real estate shops on floater rate money last 2 days

 

REIT index just gettin' the bear party started....will end up well below Covid lows....

 

REIT.png


Edited by K Wave, 13 June 2022 - 10:34 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#28 K Wave

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Posted 13 June 2022 - 10:33 AM

Can JP 20 Yr get a full 25% pop in a single day?

 

Would that be called an UP CRASH?

 

jp20.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#29 K Wave

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Posted 13 June 2022 - 10:39 AM

AMZN might be bottoming.  Not able to break the lows from 2 weeks ago.

Dead cat at the low certainly possible, but AMZN headed a lot lower....

 

And RUSTY...whooo doggy, if that one goes much lower, goes from corrective bear, to full blown LT bear mode (which AMZN already in)

 

RUT

rut.png

 

AMZN - see the pic perfect shorting op on "Split Day"?

 

amzn.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#30 kaiser soze

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Posted 13 June 2022 - 10:39 AM

If the short term top in oil is real and oil goes down, that should be good for Consumer Discretionary whose biggest weightings are AMZN, TSLA, HD, NKE, MCD, LOW, BKNG and SBUX.