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ALL ONE GREAT BIG GIANT CASINO
It’s All One Market Now
Everything Goes UP OR Down TOGETHER
Dollar Up …EVERYTHING Down and vica versa
Dow ,Big Tech , Gold Miners, Crypto, Bond Yields …World Markets …all one big Casino
Wanna Play ? Place your bets
I am taking a minor position in TQQQ …and if things flip will go to SQQQ
One vehicle is all we need…pick one
Good choice to play the summer rally FGC. It(like most averages and stocks) completed it’s bottom last Thursday, as I posted last week they would. I was not familiar with that ETF but the chart shows it should rally to between 35 if the rally is weak and runs out of gas, all the way to the gap at 55 and the 200 day mvg avg. if the rally is strong and lasts for most of the summer. I lean to the latter, close to 55 or so. Good luck.
Sir Fully,
How long did that last?
Oil, still overbought? It is up 4-5 % today and holding the gains.
Dow down 479 points from high, heading into a close near the low of the day.
Tomorrow is another day, but under 30,700, Dow appears to have finished its most recent dead cat bounce of since the low of 30143 on 7/14/2022.
And tech earnings … the less said the better?
GL