MFI approaching overbought, something to watch tomorrow. I think that's when the big dump happens.
Funny thing is, the US does little trade with Russia so the sanction have no direct effect but Germany gets half of its natural gas from Russia so it hurts Europe more than anything....
Regardless I see no compelling reason to buy stocks this week. Going long is high risk low reward.
Also when crap like this happens, ammo prices go up and availability goes down. I bought another case last week, if you own a gun I suggest buying this week.
Funny thing is, the US does little trade with Russia so the sanction have no direct effect but Germany gets half of its natural gas from Russia so it hurts Europe more than anything....
Regardless I see no compelling reason to buy stocks this week. Going long is high risk low reward.
Also when crap like this happens, ammo prices go up and availability goes down. I bought another case last week, if you own a gun I suggest buying this week.
Comment:
Note: ARKK and TSLA broken downwards out of a pennant last week, so I'm bearish until they hit the pennant target
Good luck.