All this hype about inverted and recession, yet SOXX up on the week...
Its all Fake News!
Posted 16 August 2019 - 09:38 AM
All this hype about inverted and recession, yet SOXX up on the week...
Its all Fake News!
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
Posted 16 August 2019 - 10:17 AM
The yield curve is crap for figuring out recessions. There are so many good indicators and charts available now on the internet. All free stuff, no data crunching required. The yield curve is for dopes.
Posted 16 August 2019 - 10:30 AM
Zerohedge is beside itself with bear porn last few days....while sentiment is near where it was last December...this retest of the low was time to be buying....
That said, IF yesterdays low were to be broken, would mean something very wrong with bull case going forward.
But for now, looking for NYA to reclaim 12,800 level over next few days, and then finally take out 13,250 and start the next big leg up.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 16 August 2019 - 10:38 AM
Watched CNN and they were hoping for a recession....
Nasdaq will be pushing toward 5 figures this time next year!
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
Posted 16 August 2019 - 11:38 AM
when market is down, they will have excuse of yield curve, when market is up they say yield curve is not an issue. It is said, they never waste an incident or whatever they name it. The goal is to take average Joe's money out of their pocket. trading is a tough game for small potatoes.
Posted 16 August 2019 - 01:58 PM
Watched CNN and they were hoping for a recession....
Nasdaq will be pushing toward 5 figures this time next year!
Actually, it may happen this year, but next year is likely to be a rough ride... but then it will recover into 2022!
Posted 18 August 2019 - 03:17 PM
Zerohedge is beside itself with bear porn last few days....while sentiment is near where it was last December...this retest of the low was time to be buying....
That said, IF yesterdays low were to be broken, would mean something very wrong with bull case going forward.
But for now, looking for NYA to reclaim 12,800 level over next few days, and then finally take out 13,250 and start the next big leg up.....
Posted 18 August 2019 - 04:35 PM
Zerohedge is beside itself with bear porn last few days....while sentiment is near where it was last December...this retest of the low was time to be buying....
That said, IF yesterdays low were to be broken, would mean something very wrong with bull case going forward.
But for now, looking for NYA to reclaim 12,800 level over next few days, and then finally take out 13,250 and start the next big leg up.....
Heads Up, cycle dates for 8/28-8/29. This time frame could mark The Low prior to year end, 4th quarter rally. So either the the low was made on 8/15 or an either higher or preferably, lower low will be made @ end of August. Keep a little dry powder....
the es ...low was on aug 6 the closing low in the es was aug 5 the more recent closing low was on www aug 14