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Misc Stock Market

Are African markets worth investing in? Arent they the fastest growing economies in the world?
 
Fib levels to watch on Q's and SPY..

SPY - $447 and Q's $362 are the .5 fib level. If the indexes power through those levels that would be amazing. I think more pain is ahead this year and we at least re-test the lows from last week if not make new lows.

The Fed looks like a clown show with the stock trading debacle and the ridiculously easy monetary policy they have left on for too long. I expect them to inflict some pain to gain some credibility back.

Screen Shot 2022-01-31 at 10.20.14 AM.pngScreen Shot 2022-01-31 at 10.20.01 AM.png
 
Fib levels to watch on Q's and SPY..

SPY - $447 and Q's $362 are the .5 fib level. If the indexes power through those levels that would be amazing. I think more pain is ahead this year and we at least re-test the lows from last week if not make new lows.

The Fed looks like a clown show with the stock trading debacle and the ridiculously easy monetary policy they have left on for too long. I expect them to inflict some pain to gain some credibility back.

View attachment 111906View attachment 111907

I thought it might take longer than 4 hours to hit these pivots but nonetheless SPY hit $448 and Q’s hit $361.5. Both are retreating now. Let’s see what happens next couple of days. Big tech earnings on deck Tues-Thursday.
 
ES getting back over the 200 yesterday is good to see. I'm bullish short term (1-2 weeks) but cautious for any major resistance pullbacks. Eyeing 4600
 
I'd have been better off just staying in AMAT/LRCX instead of moving some money to FB.

SMH

I'll try to wait a while, but the next place that money is going is probably going to be VOO after a relief bounce.
 
What a rally of the general market the last 5 days! Will it hold? Are we on the way to new highs? Or is it likely to stall and fall back? Any educated guesses?
 
Moving 80% of everything into fixed income ...

Phil,
Just so I can understand your comment better, are you a long term stock market investor? Do you prefer to try to time the market by going in and out or is this an unusual move for you?
 
Phil,
Just so I can understand your comment better, are you a long term stock market investor? Do you prefer to try to time the market by going in and out or is this an unusual move for you?
Long term; very; stocks 80% until very recently; this is a big move for me after consultation with my folks; may make another move after the Fed bumps rates but for now, fixed income; DO NOT make your decisions based on what I do ... :oops:
 
Thought about buying 455P SPY puts expiring tomorrow yesterday in anticipation of the jobs report, but of course I didn’t. ?
 
What a rally of the general market the last 5 days! Will it hold? Are we on the way to new highs? Or is it likely to stall and fall back? Any educated guesses?

So, the 2nd option (stall and fall) based on today?
 
This market is a total clown show...nothing but sell pressure all day, tech got hammered, down 4%. AMZN raises prices so it shoots up 20% and lifts tech up 2%. These are indexes and are trading like meme stocks...

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Yup ... I have a masters in Econ and read some tea leaves ...

Rate hikes, QE ending and Fed saying they want to start QT on their $9T balance sheet is a recipe for a lot more selling than we've seen. The market is so manic right now.
 
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