Folks- Yet again I was right in keeping bearish bias today per scenario 1 from yesterday as we opened below 4466 and kept the bearish pressure all day until I sent my tweets around 4424 that I did not see 4400 trade, atleast not today.
Tic - I'm a 72-yr-old gramma who thinks you are the greatest.
I'm just copy/pasting part of another service I like and subscribe to, because I think you will get a kick out of it. The service is https://theforecast.co/
"Today’s sell-off was primarily driven by algorithmic selling induced by rising yields, as stocks were not quite undervalued enough to avoid being sold by the pre-set programming in these trading systems employed by the major banks and hedge funds. But this present pullback in equities is nearly complete, and the major indices should shortly turn up and rally into our April 18-22 peak and ultimately into our mid-May peak. By that point, some of the major indices should retest their all-time highs while others may not. In this environment, rates cannot rise past 3% (threatening the well-being of the financial system), and strong, value-based US stocks will be a major parking spot for capital alongside cryptocurrencies and commodities. In this difficult market, fund managers will look to pick stocks like Tesla, American Airlines, Microsoft, and Nvidia to produce alpha as the price disparity between value and speculative stocks widens during this ongoing period of market uncertainty."
Tic great analysis! Question for you; what is it about 4403 level that a d1 close below it would cause such a massive drop. Whats the significance of that level?
Going back and rereading this was like a blueprint of the day in a nutshell! Can’t wait for tomorrows plan
Tic, I am confused. As per your newsletter, you were leaning bullish. Scenario 1 was bullish. But your recent tweets giving bearish signal
tic - do you think we close above 4466 this week?
We have 4466 on SPX and 14243 on NDX - stay long for SPX getting to 4520, 4560? or sooner?
Tic - I'm a 72-yr-old gramma who thinks you are the greatest.
I'm just copy/pasting part of another service I like and subscribe to, because I think you will get a kick out of it. The service is https://theforecast.co/
"Today’s sell-off was primarily driven by algorithmic selling induced by rising yields, as stocks were not quite undervalued enough to avoid being sold by the pre-set programming in these trading systems employed by the major banks and hedge funds. But this present pullback in equities is nearly complete, and the major indices should shortly turn up and rally into our April 18-22 peak and ultimately into our mid-May peak. By that point, some of the major indices should retest their all-time highs while others may not. In this environment, rates cannot rise past 3% (threatening the well-being of the financial system), and strong, value-based US stocks will be a major parking spot for capital alongside cryptocurrencies and commodities. In this difficult market, fund managers will look to pick stocks like Tesla, American Airlines, Microsoft, and Nvidia to produce alpha as the price disparity between value and speculative stocks widens during this ongoing period of market uncertainty."
Thanks Tic
Tic great analysis! Question for you; what is it about 4403 level that a d1 close below it would cause such a massive drop. Whats the significance of that level?
tsla closed below 980, but can reclaim by morning session?
Thanks Tic!
What will you say about S&P close? We almost hit 4400. Aby changes in your view?
Thanks Tic - any change to positive view on xom and oil refiners from weekend?
Thanks Tic!
Tic - Good to know that you are "Little bullish now". Are you bullish on Gold as well? Thanks!
Thanks for the early intel.
Interesting. Thanks. I’m still looking for 4330s to trade. There are a few options to be sure. Good luck Tic.