@Basssem666 But he did say he will be looking at “trimmed mean PCE” to judge inflation.
Trimmed mean is lower than PCE, and they can use that to say inflation is “transitory”
CPI data is currated anyway and gets revised, but there is a big push by admin to let inflation run hot
@MrSausageGet Will of the majority no longer matters. See if this majority can vote MTG or Massie to white house and vote out pigs like Ted Cruze, lindsey Geaham, Tom cotton out of Whitehouse. That’ll be a start
@Basssem666 Hope you feel better brother!
Another thing I’m looking at is shooting star on TLT after bouncing close to 30dma. Rates can have another run higher with oil and that’s short term headwind. But agree with you on the SPY levels
Here’s the Nasdaq at the peak of the dot com bubble.
“You won’t be able to time the top.”
Sure but there will be signs.
People who act like the stock market cratered 80% overnight are just trying to get engagement and fear monger.
Not only did the stock market not crash 80% overnight, but it was a drawn out process that took over two years to bottom.
There were plenty of signs that something drastic changed.
A few:
- Key weekly moving average breaks in the Nasdaq
- Big red candles on the major indices
- Cycle leaders topping/weakening
This chart shows a clear character change before the big crash that took place in late 2000 into 2001+.
Even if you didn’t sell at the top and sold 15% lower you still missed a 70% drawdown.
There will be signs when the top is in but you don’t need to exit at the exact top.
@Basssem666@vandy_trades We gap up, and go up until SpaceX IPO, then liquidity drain of the IPO and reality of interest rates hit the market, as well as a hawkish warsh
Either way a big opportunity is waiting this year for the patient trader!
This is interesting.
The distance between the $SPX and the 200sma today is now the greatest it has been since January 2022. Look what happened afterwards.
And for fun, the time before that? April 2000. Look what happened afterwards.
Can mean nothing. Can mean everything...
Use it as you please. Or ignore.