I am skeptical, not a per ma bear ! I am cautious on market. With stocks coming to SMA 200 level, and yield curve not flattening, It is good to hold or buy.
I am positive this time as I sold lot of stocks already to grab them at low.
Unlike Jan/Feb down fall, which surprised me, this time, I am escaped ahead of time as I had my own program to understand how market is behaving.
I did not post here that I am selling as many brand me as BEAR or bounced me when I tell them I sold.
Here is my own program output which told me market high is on 08/29. It may be right or wrong, I trust my own program and apply my manual review.
This will not predict, but it will tell me whether market is hot or weak. The logic is not 100% coorrect, and not even 80% or 90% correct. It just helps me to decide.
The current fall is not a surprise, but I clearly expected it. This will settle in 7 days from tomorrow" We are not going to be in downturn.
“Revenue jumped 68 percent from a year earlier, according to a statement .”
Now that Uber revenue isn’t in the yr-yr comp the revenue growth accelerates. NTNX is setup for the same type of run once the hardware revenue isn’t in the yr-yr comp numbers.
