The probability of a tech recovery is increasing. The sky isn't falling yet and inflation is going to be assumed to be peaking. Plus the end of the pandemic is in sight. Sentiment might start to shift soon. There are risks, as there always are, but they can be delayed much longer than expected and aren't much different than usual. Here are some names I am interested in at these levels
Adobe
Amazon
Shopify
Google
Metabook
Adobe
Amazon
Shopify
Metabook
Comment:
wait, is the sky falling?
Order cancelled:
The CoT report as of 1/18/22 shows leveraged funds took on a massive short position on the Nasdaq with 23,309 contracts. The total short positions is 98,027 which is about 200% higher than the 2020 average of 32,166.
In addition, they have a godzillic short on the 3 Month SOFR. 593,532 total shorts from an average of 10,400 in 2020. That's a 5,600% deviation. Shorts are up over 9,000% from the 2019 average.
They are short the Brazil Real by almost 600% compared to 2019
Asset Managers are still adding shorts to the Dow Jones Real Estate index, sitting at 1,206% above the 2020 average.
All of this supports a more cautious approach on the sidelines
In addition, they have a godzillic short on the 3 Month SOFR. 593,532 total shorts from an average of 10,400 in 2020. That's a 5,600% deviation. Shorts are up over 9,000% from the 2019 average.
They are short the Brazil Real by almost 600% compared to 2019
Asset Managers are still adding shorts to the Dow Jones Real Estate index, sitting at 1,206% above the 2020 average.
All of this supports a more cautious approach on the sidelines
Comment:
MACD rolling over. I'm leaning towards this latest move NOT being the end of the bull trend for now, but now that an impulsive move started it's best to wait an see for more supportive candles
