One of the best indicators is HYG......below the 200 day MA like it is now, there's almost no way you can trust this market on the upside.
"Don't Panic!"
#11
Posted 24 November 2018 - 06:24 PM
#12
Posted 25 November 2018 - 05:37 AM
Armstrong blurb says down to 2025 and possibly 2035 nominally.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#13
Posted 25 November 2018 - 04:03 PM
TQQQ now has a huge left shoulder and the head formation.....the bulls may get a bounce to put in the right shoulder on the chart. That could play out thru the March 29 Brexit date, or when the Fed finally announces they're on hold with rate hikes. Still holding above the February low so it can eventually move toward a continuation to the upside after March I think. There's just too much crap still after the election.....the tariffs, and the Fed, and Brexit, semis looking like crap. That's plenty for now....
#14
Posted 26 November 2018 - 04:40 AM
The standard deduction is already incorporated into everyones pay check.
Child tax credit isnt.
There are Way Less deductions available to the tax payers now so that the rich corporations can get more money. Btw they already had record profits and cash on hand.
These overall less deductions are going to hit home come tax time.
Incorrect, a lot people did not change there W4s to reflect the new tax cut for individuals....Morgan Stanley has a study stating that tax refunds for individuals will increase 26 percent year over year due to tax cut....
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#15
Posted 26 November 2018 - 06:19 AM
Do you have a link to this study?
#16
Posted 26 November 2018 - 06:48 AM
From what I can read, the IRS Tax Withholding Tables (which employers use to withhold tax from employees weekly pay checks) have included the increased Standard Deduction of $12K.
All other withholding allowances need to be explicit on the W4, as in the past prior to the new tax reform, such as the child tax credit of $2K.
And considering most tax deductions have been removed and/or capped (such as SALT), I dont see how tax payers refunds will be increased.
Can you explained how tax refunds will increase if tax payers weekly pay checks already incorporate the increased standard deduction and there are Less tax deductions to apply when it comes time to file a taxes?
Thanks.
#17
Posted 26 November 2018 - 12:14 PM
Armstrong blurb says down to 2025 and possibly 2035 nominally.
The blurb was in reference to the global economy, not any specific index.
#18
Posted 26 November 2018 - 01:05 PM
So Armstrong means the year 2025/2035?
#19
Posted 26 November 2018 - 03:06 PM
Yes, the article was about a softening global economy.
#20
Posted 27 November 2018 - 04:46 AM
MikeyG
From what I can read, the IRS Tax Withholding Tables (which employers use to withhold tax from employees weekly pay checks) have included the increased Standard Deduction of $12K.
All other withholding allowances need to be explicit on the W4, as in the past prior to the new tax reform, such as the child tax credit of $2K.
And considering most tax deductions have been removed and/or capped (such as SALT), I dont see how tax payers refunds will be increased.
Can you explained how tax refunds will increase if tax payers weekly pay checks already incorporate the increased standard deduction and there are Less tax deductions to apply when it comes time to file a taxes?
Thanks.
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."