Indicators still hung u in the middle, so more whipsaw. Even the algos have no idea which way to take this.
The bottom indicator is stoch, the least reliable indicator so just ignore it.
Bond yields still skyrocketing BTW. Someone asked me yesterday if they should short gold, I said if you expect rates to rise short TLT instead. I should have listened to my own advice, lol.
The bottom indicator is stoch, the least reliable indicator so just ignore it.
Bond yields still skyrocketing BTW. Someone asked me yesterday if they should short gold, I said if you expect rates to rise short TLT instead. I should have listened to my own advice, lol.
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30Y yield is now 4.346, even dividend stocks don't make sense right now. Why would you buy stocks that yield 3% when bonds have better yield especially when we're headed into a recession?
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Like I said yesterday, today is probably a repeat of yesterday. Algos trying to pump the market but nobody is buying stocks with yields exploding
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Same crap as yesterday, opening pump and probably goes red later.
Added to my BITO puts, I'm done for the day. See ya next week.
Added to my BITO puts, I'm done for the day. See ya next week.
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LOL complete repeat of yesterday not sure if it'll finish red though, but I warned you guys
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The focus is going to turn towards the elections next week, so watch out for that. I think that may be the reason gold is up, along with the fact it hit support, and Ukraine war is always sketchy. Talks bout Russia possibly blowing up a dam.