Today Market September 2022

The issue is controlling and coming out of recession, either for country or for people, is important. Many countries collapse by recession without any control, like Sri Lanka (now).

US is famous for its forced create recession and control them later, still it is tough, not an easy task for leaders.

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That is awful price action today if the market closes lower. Bear markets tend to open higher and go lower. Bull markets tend to open lower and go higher. Itā€™s how the mix of buyers vs sellers revealed itself during the day. Weā€™re getting dip buyers in the morning, but thereā€™s a higher number that sell into that bump.

It is very difficult to predict for day today fluctuations as it is going like ocean wave, between buyers and sellers (and also market makers).

But, market is coming to near end S&P 3600(best case) or 3450 (worst) for temporary bouncing back. Everything changes all of a sudden this week.

Warning: I wrote for discussion purpose, nothing guaranteed.

What is Serena?

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The euro and pound are in the toilet. There will be some countries that risk default. Powell is destroying the world economy.

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Retail investors, please capitulate.

Odd conclusion, author should be figuring out what stocks are responsible for S&P retesting Jun low.

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NVDA breaks below Jun low. We know USG is screwing semi stocks.

META breaks below Jun low. We know prospect of META is :-1:

GOOG breaks below Jun low.

MSFT breaks below Jun low.

JNJ breaks below Jun low.

C breaks below Jun low.

JPM breaks below Jun low.

KMX breaks below Jun low.
ā€¦

What can we conclude?

Deterioration of fundamental of certain sector or specific companies? Not broad based, right?

Now everyone is bearish, that will make market go up !
IMO, market can not go down and down like this, it is suppose to turn at least DCB.
As planned, Added more today, will add more tomorrow if negative.

This is well known fact when Biden signed tax, market need not price them now.

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Bond king is buying bonds.

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Wasnā€™t asking a ST question. Was asking the outlook for the next 3-6 months. The unsaid implied time frame of the question is 3-6 months.

Is it possible that AAPL and TSLA are in a multi-month uptrend while QQQ and SPY in a multi-month downtrend? The unsaid implied timeframe is 6+ months :slight_smile: for those who canā€™t read unsaid words.

Possible, if the company income exceeds every quarterly results beyond expectations.

Normally that is rare when economic conditions are not in favor.

However, they are linked to many indexes at certain ratios.

When market goes down many mutual funds , ETFs are automatically selling both at certain ratios and that will affect irrespective of growth.

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Good job :+1:

I feel little uneasy going against the bond king. IEF is one of my put positions though. Itā€™s honestly pretty difficult to find charts that arenā€™t in a confirmed downtrend right now. VIX isnā€™t that high, so we arenā€™t at capitulation yet. For the 2020 capitulation, the VIX was >2x higher than it is now. It actually has a really strong, confirmed uptrend chart. Iā€™m not sure VIX will go that high, but itā€™s not high enough yet.

Come what may !

Added more QQQ/SMH today, this time additionally long call.

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