@BlueChipPremium You mentioned gold in the video. Unpredictable chart. Gold was $600+ end of 1980 when we got wedding & college grad rings for May 81. Had been around 40 a decade earlier in 1970. In 2001 (20 years later) it had fallen to 250. Has since run to 5600 a few months ago & now @ 4600
@BlueChipPremium Even though the indices and the open positions are performing well it seems like the overall market breadth is struggling. Is this a concern right now?
@BlueChipPremium I noticed the energy stocks started trending up at the start of the year but the latest Iran conflict did not start for 2 more months. Did we tip our hand THAT early?
@BlueChipPremium It seems like if this is a buyable bounce there would be more volume. There is headline speculation the war is ending but we have had that before. As soon as they lob another missile at us it might head back down?
The $VIX increased 48% this week, the 21st biggest weekly spike ever.
What has happened in the past following the biggest $VIX spikes?
Stocks have tended to bounce back with above-average forward returns.
Does this always happen?
No. There are no certainties in markets, only probabilities.
@BlueChipPremium Typically in the Thanksgiving week the market tends to trend upwards on light volume. How much stock can you put in this bounce considering this? Would great breadth and decent volume do the trick?
@BlueChipPremium Back in March / April the market sold off due to fear of tariffs. Back in 2022 inflation was an issue. It would be interesting to know what is causing this sell off?