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Misc Stock Market

Shorted some $QQQ at $290.6...stop just above $291. Probably means you should buy calls...
 

The train left the station, arrived at its destination, and is returning with a whole lot of economic depression. The administration is about to receive a most unwanted delivery. Way too slow in trying to slow the economy. You can't bring the economy to an idle and then ramp it up so quickly without a stall.

Back to the train analogy, you can't jump from neutral to throttle 5 without going through 1 through 4, waiting for the prime mover to respond at each throttle position before moving to the next. It would have prolonged the pain of the shut down, but would have spared us from the huge inflationary pressure.
 
One of the biggest weeklies I've seen, down almost 7% from the high. Can't imagine we don't get follow through next week.

All we have learned from today is inflation hasn't peaked.

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SPY doesn't have any real support until $320. Q's is down 30% from it's highs and SPY is only down 18%. Energy has helped keep S&P up...but if energy starts coming down that may trigger tech to make a run. So tricky...



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Watch bitcoin over the weekend. If it turns up, expect a rally to start the day on Monday. If it remains/continues down, stocks are going lower.
 
Bitcoin will pump overnight . Not to recover all its weekend loss , but some .

Tomorrow is really the only chance for a Green Day this week . People will dump heading into the fed meeting Wednesday , Wednesday will be a blood bath


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