The Market Bulls are strong, when you have the Fed on your side.
Monday March 24 "markets gap up on" and the bull seems unstoppable. Bears this week were on the wrong side of the trade on the short term. The downward channel is clearly broken and the new channel for the week is bullish. Each of the short term technicals are turning bullish in an amazingly orderly manner. The technical bears are worried, the fundamental bears who don't understand FIAT dollar dilution are puzzled at the consistent strength. Those who understand FIAT dilution are accumulating assets at current prices. Physical assets are safer in the long run than equities but it's too early to give up on the stock market "it always rebounds" will continue to prevail with the "capitalist" government doing what it takes and controlling the underlining currency we are all dependant on.
We are now looking at a bull run that might be as vicious going up as it was going down. Still too early the bed the farm but if I had to bet the far is as a bull bias trader and investor. Looks like uncle sam have asked Wall Street to "support the markets" and the bulls don't want to party to end because the bear party is less desirable to the average joe. I was trading bearish on Monday and bet against the stimulus, tight stop losses and going to cash overnight was a saviour. Bulls hold for a long time, bears, watch your charts on a 15 to 30 min interval. ***Don't be bearish using day charts***, it's going to be too late! What a rollercoaster, the most profits is to get in and out at the near perfect time and adjusting to things that really move the markets but even that is difficult. This is like playing blackjack at the casino and the dealer informs you the rules have changed in his favour to ensure the bulls at the table don't lose any more money and the bears at the table will be on the disadvantage.
Gold is backed up by gold and is hard to store and protect.
Cash is backed up by world military, sovereignty and resolve. In this case, the US will protect its biggest asset: The financial markets.
Place your bets ladies and gentlemen. This is not your father's stock market. The underlining dynamics changed in 2008, in 2020 and will continue to change.
Turned and will remain bias bullish unless the charts tells me the bears have regained a foothold. This would normally be a bull-trap but not if you have the Feds leading the way...
We are now looking at a bull run that might be as vicious going up as it was going down. Still too early the bed the farm but if I had to bet the far is as a bull bias trader and investor. Looks like uncle sam have asked Wall Street to "support the markets" and the bulls don't want to party to end because the bear party is less desirable to the average joe. I was trading bearish on Monday and bet against the stimulus, tight stop losses and going to cash overnight was a saviour. Bulls hold for a long time, bears, watch your charts on a 15 to 30 min interval. ***Don't be bearish using day charts***, it's going to be too late! What a rollercoaster, the most profits is to get in and out at the near perfect time and adjusting to things that really move the markets but even that is difficult. This is like playing blackjack at the casino and the dealer informs you the rules have changed in his favour to ensure the bulls at the table don't lose any more money and the bears at the table will be on the disadvantage.
Gold is backed up by gold and is hard to store and protect.
Cash is backed up by world military, sovereignty and resolve. In this case, the US will protect its biggest asset: The financial markets.
Place your bets ladies and gentlemen. This is not your father's stock market. The underlining dynamics changed in 2008, in 2020 and will continue to change.
Turned and will remain bias bullish unless the charts tells me the bears have regained a foothold. This would normally be a bull-trap but not if you have the Feds leading the way...