Anticipating Multi-Month Run UP in US Equities
Although equities are getting short term overbought, I think another tremendous multi-month run is possible. Planning long, in fact kicking myself for not getting in Nasdaq 100 futures 4 days ago. Was following Dow, :cry:
Technically, dow just broke through the apex of the large symmetric triangle. This is indicative that the formation is, at least in my eyes, no longer valid. After a long bearish cycle it seems time for upside.
One thing I did check...fundamental wise...was a chart of PE ratios. Looks like we still have room to expand although things are not cheap: multpl.com/
Technically, dow just broke through the apex of the large symmetric triangle. This is indicative that the formation is, at least in my eyes, no longer valid. After a long bearish cycle it seems time for upside.
One thing I did check...fundamental wise...was a chart of PE ratios. Looks like we still have room to expand although things are not cheap: multpl.com/
Nota
Trade tensions have resulted in what appears to be a good buying opportunity. I do think further short-term declines are possible and would love to see some resolution before going long, however.
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.