TayFx
Short

Weekly Volume Continues to Downtrend for the SPX

SPCFD:SPX   S&P 500 Index
As posted earlier this week, we continue to see a deterioration in weekly volume , consistent with an exchaution in buyers/sellers.
Have a great weekend all.

22:46:21 ( UTC )
Fri May 22, 2020

Comments

Hi Taylor.....I want to tell you that I have the same expectations that you have. I have found you now and I will follow your spx posts because your analysis to me is convincing. Hope you will follow the spx day by day and post here if you can.......
Reply
TayFx gard77
@gard77, hi thanks for the support; I'm happy to post my TA, but keep in mind it's all my opinion and isn't financial advice. I think there's alot of important metrics and fundamental data that is scheduled, so it will be an interesting time to see how the market reacts regardless of which side of the market you're on. Shorting the SP500 and other major indexes are a good way to hedge against any long positions you may have either in etfs or specific stocks.

The most important thing to watch in the next 2 quarters will be inflation and real GDP growth. A major divergence between Asia and European major stock indexes, which I pointed out 2 weeks ago-- confirmed last week. The rest of the world continues to see an L shaped recovery, making the U.S. and the SPX specially over-valued when comparing basically every other economy in the world that of relevant sizes.
Reply
gard77 TayFx
@TayFx, I' ve been in trading for 20 years now, I' m perfectly aware yours is not trading advice, so don' t worry. Anybody is responsible for his own actions in trading. I trade exactly the european indexes as I' m in europe and just use the spx chart to understand ''when'' because you know, europe follows. I will be glad to read your analysis....
Reply
TayFx gard77
@gard77, yes, there is a great source that I use to visually keep track of the markets, pre-U.S. and post- etc. https://www.dailyfx.com/research/market-status/world-overview

The SPX appears to be fairly over-priced. I posted a picture earlier on my twitter account if you would like to see the chart, there are alot of major indices compared with a ROC, and things become clear
Reply
TayFx gard77
For now the U.S. economy continues to deleverage, we will soon cross a point from deflationary to staglafationary. Once this happens, be ready for a different approach to the market @gard77,
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TayFx gard77
Looking at basically every s@gard77,
Reply
@TayFx what approach, noob asking? Thanks in advance for your insight.
Reply
TayFx chrissyboy
@chrissyboy, protection against inflation specifically TIPS
Reply
Maybe now you'll learn how to read the chart.
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