Loading ...Black Swan Weekend
While the “Two Themes” for 2022 continue to play out, we wait for the inevitable, “Black Swan” Weekend. It makes the most sense that when it does happen, it will be on one of the North American Monday holiday’s scheduled throughout the year. While Asia and Europe begin the cascade, New York doesn’t join in until Tuesday, accelerating whatever stock crash and metal surge previously begun around the globe. Maybe, this weekend’s holiday or maybe February’s President’s Day one. Take your pick, it is just a matter of time! Currently, the two themes are not correlated. When an exogenous shock hits and the panic is on to get out of everything else, that’s when the money will flow into gold and silver. We watch and we wait.
All spin, no analysis.
For example …. what about this?
https://twitter.com/PUGStockMarket/status/1482210561182027779
Who cares about a specfic snapshot of the put call ratio. My aanalysis is the two themes outlined in December, that stocks(particularly the NASDAQ 100) would go down in 2022.So far absolutely correct. The second theme which isn’t correlated yet, is money moving into gold and silver. They are themes for the year 2022. Not a short term trade.
Likely new record highs on the horizon.
I do not buy the crash scenario, whilst the debt market is relatively stable.
CM, I apologize for the off topic comment but I wanted to ask you what your thoughts are on IONQ. It has been in a nasty bear leg and it appears to be entering an area of what I deem as strong support. I am accumulating shares in anticipations of it bottoming and then reversing back to an up leg. Are you still holding this company? I would appreciate your thoughts,,,TIA
My last update on IONQ was 11/18 when I said I was taking profits and expected a major correction. Now that it has had that correction and is approaching the 200 day around 12.50 you can start to slowly accumulate again. I don’t look for it to go much below that area but it may take a while to head back up again. Good place to start building a long term position. Good luck.
IONQ… pretty basic analysis. It’s below a now declining 30 W EMA. No apparent basing action. The most important element in investing is risk management and one should never take the big loss. When a decline begins you never know where it will stop, therefore one must take action. This chart is clearly letting an investor know that the message is avoid for now.
https://stockcharts.com/h-sc/ui?s=IONQ&id=p13658763003&listNum=51
If you look at my past calls on this you will see I got in before the big move up. I called the day of the top when I took profits and this is not an area of high risk at 12 and change. Answered a question and although it may not be ready to go higher immediately, which I stated in my comments. One is not facing a lot of risk if one buys in the 12.50 area. I haven’t started to rebuild my position yet but wouldn’t worry if someone started here under 13.
Plunger, my interest in this particular company is not so much I believe in the fundamental which do have potential but are still in unknown arena. With that said, I am more interested in the price volatility that IONQ is showing and I believe it is a great play for scalping almost daily. I had bought into the lows it made shortly after it started trading as IONQ. I took a position at $7.80 and scalped it up to $16 area where I sold it all, only to watch it go to $35. I cried all the way to the bank! Now I am in agreement with CM as it approached the 200 ma as a good area to accumulate another position I will scalp every nickel I can get as I agree with you it will consolidate in this area. So there you have, it is something to play in the Wall Street casino with as I await the gold and silver suppression to end and quite possible a new monetary system emerge.