Unseasonally BEARISH APRIL? .EARNINGS RALLY?
#1
Posted 09 April 2023 - 04:36 PM
Is this an unseasonally bearish APRIL?
Most likely NO.
EARNINGS BULLISH? Most likely YES.
BUT, markets need a catalyst to RALLY, OR DECLINE.
DIFFICULT market to trade. Not holding for more than a few days. Hedging.
When it does come IT WILL BE A HUGE RALLY
#2
Posted 09 April 2023 - 04:37 PM
Finally, taking my APRIL BREAK from 4pm MONDAY
#3
Posted 09 April 2023 - 04:38 PM
Markets & Mayhem (@Mayhem4Markets) tweeted at 4:19 PM on Sun, Apr 09, 2023:
The economy is slowing
Credit is tightening
Semiconductor demand is cratering
And the S&P 500 isn't cheap.
#4
Posted 09 April 2023 - 04:40 PM
BEARISH CASE: more global instability, war etc, higher oil prices
#5
Posted 09 April 2023 - 04:50 PM
Here is thr BULLISH CASE:
Ben (@bnsburner) tweeted at 11:40 AM on Sun, Apr 09, 2023:
Based on my gut, here is my prediction:
- this week is strong green as we front run earnings. Tech leads.
- overall April follows seasonality and closes strong.
- May we pull back and all the doomsdayers come out to say I told you so
- but by Dec were at ATHs
$spy $qqq
BEARISH CASE:
Markets & Mayhem (@Mayhem4Markets) tweeted at 4:19 PM on Sun, Apr 09, 2023:
The economy is slowing
Credit is tightening
Semiconductor demand is cratering
And the S&P 500 isn't cheap.
#6
Posted 09 April 2023 - 07:23 PM
I am flat and happy, with juicy yields from Treasuries, and looking for SPX below 3500 by October to go long.
#7
Posted 09 April 2023 - 09:53 PM
Samsung Electronics might be hitting the panic button right now, as it has announced that it will be making a ‘meaning’ cut to its chip production. This comes after the Korean giant suffered a massive drop in sales, with a 96% drop in profits during the first quarter of this year marking a downturn in the global semiconductor market.
In a preliminary earnings statement, Samsung notes that its operating profit during the January 2023 to March 2023 timeframe is down to just 600 billion Korean won (RM2 billion). It’s a sharp contrast from the 14.12 trillion Korean won it earned during the same period last year, with this year’s first quarter also being Samsung’s lowest profit for any quarter in the last 14 years.
It's all bullish. New ATH tomorrow. 14.2trillion => 600billioN.....not bankrupt yet? FYI 14 years ago was 2009.
Edited by linrom1, 09 April 2023 - 10:01 PM.
#8
Posted 09 April 2023 - 10:11 PM
The market bottomed in March 2009. Typically recession would end about 3-6 months thereafter. This time around, we're just entering the recession. Semis should hit the crapper.....along with all tech.
Samsung doesn't care?
Edited by linrom1, 09 April 2023 - 10:17 PM.
#9
Posted 10 April 2023 - 01:02 AM
Edited by pdx5, 10 April 2023 - 01:03 AM.
#10
Posted 10 April 2023 - 07:12 AM
That failure to Hold 1760 overnight on Rusty could prove costly for bulls
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy