Every bear is focusing on the day chart while the week chart shows a healthy pullback after being extended for months. A real correction in the near future is certainly possible but this bull market isnt finished before it breaks the weekly 21 ema.
Im adding stocks based on relative strength right now. If the indexes hit new lows next week I will sell.
TLDR: Its not the right time to sell but its the right time to see relative strength
This is not financial advice, nor am I a financial advisor, but....
Personally, I would sell and run for the hills.
Reverse repo = 1.5T
Jobless claims are rising
Inflation is NOT transitory
The debt ceiling is only delayed till December with no REAL solution
GDP value falling
Fun fact! Inflation is so bad, and the market is so over-priced for every dollar you put in, you get 5, which is more than double the moving avg.
The writing is on the wall.
Nah, I will wait for a HUGE correction before I go long on this. I wouldn't even touch this with a 10-foot pole bro.
Issey
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@TheLonelySock, bear fundamentals only matter in a downtrend. If it breaks weekly support, it will go down hard. Till then its still bullish.
Hedgies need volume to sell. I dont see enough volume.
TheLonelySock
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@Issey, fundamentals dont exist anymore in this rigged market. Once GME and AMC moon, im out for good. The system is disgusting.
Personally, I would sell and run for the hills.
Reverse repo = 1.5T
Jobless claims are rising
Inflation is NOT transitory
The debt ceiling is only delayed till December with no REAL solution
GDP value falling
Fun fact! Inflation is so bad, and the market is so over-priced for every dollar you put in, you get 5, which is more than double the moving avg.
The writing is on the wall.
Nah, I will wait for a HUGE correction before I go long on this. I wouldn't even touch this with a 10-foot pole bro.