It’s been a while, but I’m back. Work has been too busy to post but now I am back and will post my ideas once again.
I called a top three weeks ago at 4000 on the S&P500 . The pullback started earlier than anticipated, but we have now started the correction in equities. It would seem as though the fed are between a rock and a hard place, with inflation rising / rising bond yields, the fed may be forced to act at some point by increasing interest rates - this = bad from high growth stocks with silly multiples.
I am unsure as to where this is going to end, as such I am currently cash apart from my holdings in oil & royal dutch shell.
We need to see a strong bounce at 3700, otherwise 3500 is in easy reach. Personally I would await a confirmed bottom before 'buying the dip, in tech stocks'.
Good to be back.
I called a top three weeks ago at 4000 on the S&P500 . The pullback started earlier than anticipated, but we have now started the correction in equities. It would seem as though the fed are between a rock and a hard place, with inflation rising / rising bond yields, the fed may be forced to act at some point by increasing interest rates - this = bad from high growth stocks with silly multiples.
I am unsure as to where this is going to end, as such I am currently cash apart from my holdings in oil & royal dutch shell.
We need to see a strong bounce at 3700, otherwise 3500 is in easy reach. Personally I would await a confirmed bottom before 'buying the dip, in tech stocks'.
Good to be back.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.