No sir. I make observations, I read,study and try to plan accordingly. Been watching the yield curve intensely and the waves it created. The FED controls money not the yields, when they want to run, they run. Making a speech or two only builds temporary confidence that draws in the buyers so the sellers can cash out at higher prices.
Not liking this bounce that much so far, yields down but SPX barely up. If we see little bit of a spike in yields then tech could begin to drag this market down again
Well, I got close but 2 out of 3 still don't make it a win. Sometimes when you mess with the bull, you get the horns.
If premarket is any indication, we could have a nice day on our hands. However I have seen in the last 2 months plenty of days that starts direction x and the day utterly ends up facing direction y. Good luck to all.
Assuming this nice run lasts the day, I think this will be the largest single day gain I've seen since I started on this journey back in November.
Yields could be the reason. It could equally be that the White House changed brand of toilet paper (no idea), the former french president Sarkozky is heading to jail (true), or any other "fact", true or false. With rare exception I don't think there is a reason for what the market does on any given day.
Yields were 100% the main reason. Overlay the charts. Looking back in history it matters more than most realize.
If SPX 3800 was indeed the low for now... When you hit the extreme low then there are no more sellers and everything can bounce. We'll see what keeps bouncing this week.
I closed out all longs except TSLA, PLTR and BITCOIN. Most were in the green. Hanging out for now and making a few plays.
Taking some profitable positions off the table today, didn't buy anything just yet today and pretty doubtful I will be a buyer at all today
