Hey y'all,
Here are the two scenarios I am forecasting; one is based on the previous dump we had after the March rally; the other is based on 2008. I think these are the two most likely outcomes in the market; my preferred scenario is a repeat of 2008. No matter what, I expect us to see a significant rally over the next week or two; I'm heavy in cash right now, I'd love to find an entry buying the dip. I will not rush an entry buying the dip though- if it rallies without me, I'll simply be waiting on the other end to short it. I think even with a bad CPI reading, we still find a way to rally near-term. That being said, I still believe we've yet to see the worst. I'll update you guys on what I'm seeing and if things change.
Tickers that strongly support a repeat of the previous dump scenario, in my eyes:
QQQ, AAPL
Tickers that strongly support a repeat of 2008, in my eyes:
XRT/GES, F(post-2008, refer to my previous posts on F), XLI/DE, IWM
I've got more, but I'll spare you guys.
Here are the two scenarios I am forecasting; one is based on the previous dump we had after the March rally; the other is based on 2008. I think these are the two most likely outcomes in the market; my preferred scenario is a repeat of 2008. No matter what, I expect us to see a significant rally over the next week or two; I'm heavy in cash right now, I'd love to find an entry buying the dip. I will not rush an entry buying the dip though- if it rallies without me, I'll simply be waiting on the other end to short it. I think even with a bad CPI reading, we still find a way to rally near-term. That being said, I still believe we've yet to see the worst. I'll update you guys on what I'm seeing and if things change.
Tickers that strongly support a repeat of the previous dump scenario, in my eyes:
QQQ, AAPL
Tickers that strongly support a repeat of 2008, in my eyes:
XRT/GES, F(post-2008, refer to my previous posts on F), XLI/DE, IWM
I've got more, but I'll spare you guys.