You're probably wondering why I have been posting a lot of bearish content lately...its for a reason trust me
Inflation is going to destroy the market, its going to happen before you know it
The bubble is bursting, tech is diving, medals and asset based companies are skyrocketing!
Don't get caught holding an expensive bag, if your still going long in this market...the least you could is hedge yourself with puts...even then, that might not save your longs:/
IWM is about to break this bear flag and trendline support to the downside
I would look for a short term bounce at daily demand but I don't expect it too hold long term, 185-190 is my main target range by late July...at this rate, it may happen sooner than you think.
Positions:
6/18 215p (will add July 200p once confirmed break of trendline support)
I agree. It is looking ugly out there. Thanks for sharing your idea.
stockmankam
⋅
@Angusmck, Wow thank you for the coins!!! Much appreciated seriously!
biotexbull
⋅
Technology is the countermeasure to inflationary pressures. Enhanced productivity has kept it in check for years. Time will tell. Fed model says own stocks. Until that changes don’t get too bearish on equities.
stockmankam
⋅
@biotexbull, honestly thats good take on it, i will certainly keep that in mind but as of right now, Tech bubble seems to be popping, inflation will kick in eventually at full throttle, I am just being very cautious for the time being!
krzysztofkorpusinski
⋅
@stockmankam, So what do you recommend to buy and hold in order to fight inflation?