Jump to content



Photo

Second Warning

Technical Breakdowns Galore

  • Please log in to reply
5 replies to this topic

#1 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 10,144 posts

Posted 25 May 2023 - 08:04 PM

While the NASDAQ and NDX continue to streak higher, both are doing so with very little underlying support and broader based market weakness.

 

The whole sequence from the beginning of May has the same foul stench of the 2000 top with the same fundamental and sectors driving it.

 

So if you're long here, be mighty careful with solid sell stops highly suggested.

 

And, no, this hasn't been anything near a bull market since the January 21, 2022 top.

 

In fact, things seem to be shaping up to be a more ferocious bear sequence then I originally thought it could be when we had last year's kick off.

 

Have a great weekend!

 

Fib

 

 

 

 

 

 


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



 


#2 slupert

slupert

    Member

  • Traders-Talk User
  • 2,793 posts

Posted 26 May 2023 - 06:17 AM

Most stocks are down, as NVDA enters fantasy land. Stocks like AMD will spend some bundle to catch up with NVDA, but where is the revenue for the rest, when???



#3 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,693 posts

Posted 26 May 2023 - 06:52 AM

Agreed, JUNE could be a big DOWN month

https://www.marketin...ce-decline-line



#4 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,216 posts

Posted 26 May 2023 - 08:13 AM

Is starting to look very interesting for the summer!!  I'm thinking if we do see a credit downgrade after the whole thing is done that is where we could see a huge sell off...



#5 MDurkin

MDurkin

    Member

  • Traders-Talk User
  • 638 posts

Posted 26 May 2023 - 08:23 AM

Thanks Dave.



#6 linrom1

linrom1

    Member

  • Traders-Talk User
  • 3,955 posts

Posted 26 May 2023 - 02:48 PM

What Is a Crack-Up Boom?

A crack-up boom is an economic crisis that involves a recession in the real economy and a collapse of the monetary system due to continual credit expansion and resulting in unsustainable, rapid price increases. This concept of a crack-up boom was developed by Austrian economist Ludwig von Mises as a part of the Austrian business cycle theory (ABCT).1

 

The crack-up boom is characterized by two key features: 1) excessively expansionary monetary policy that, in addition to the normal consequences described in ABCT, leads to out-of-control inflation expectations and 2) a resulting bout of hyperinflation which ends in the abandonment of the currency by market participants and a simultaneous recession or depression.


Edited by linrom1, 26 May 2023 - 02:49 PM.