NASDAQ - Ripping in Two Directions
Updated
This coming week is going to be an exciting week for both bulls and bears. There's going to be a lot of volatility, and it won't be particularly easy to trade. It's a trap designed to make you both greedy and fearful at the same time, so I hope you can do well amid the "chaos," and not lose too much money.
Here's key factors to consider:
1. Stocks have been trading on a steep ramp up since the middle of June. No pullback is dangerous.
2. On Wednesday morning, CPI numbers will be released. Remember, the Federal Reserve, for all the lack of integrity it constantly demonstrates, claims to care about inflation. U.S. inflation posted a nine handle back to back in the prior two months. The Fed says its target is a two handle.
On this basis, I expect indexes to pop on open and dump until at least Wednesday morning as the media howls about "stocks dump on inflation fears."
3. There is no FOMC this month, so there's not supposed to be another rate hike until September. There's not supposed to be any catalysts in the making that can stop the mania.
U.S. stocks go up in a straight line so that you're all drawn into it, chasing getting rich quick, and are distracted from what is important in life and what is really going on in the world, which is cultivating yourselves and getting back to the traditional path, because our society has a lot of troubles with food, energy, and climate lying ahead of it.
4. After the machine is done making you scared, stocks will rip in the other direction. This is all to create the "sell low, buyback higher" retail paradigm, which is especially miserable and expensive if you're trading in-the-money/at-the-money options on Robinhood based on some signal group or YouTube personality telling you what to do.
5. When the machine is done it's going to rip to big numbers, and do it rather fast and impressively. Once you get into the upper box, be careful.
Get out of the market for a few months and be extremely careful.
Here's key factors to consider:
1. Stocks have been trading on a steep ramp up since the middle of June. No pullback is dangerous.
2. On Wednesday morning, CPI numbers will be released. Remember, the Federal Reserve, for all the lack of integrity it constantly demonstrates, claims to care about inflation. U.S. inflation posted a nine handle back to back in the prior two months. The Fed says its target is a two handle.
On this basis, I expect indexes to pop on open and dump until at least Wednesday morning as the media howls about "stocks dump on inflation fears."
3. There is no FOMC this month, so there's not supposed to be another rate hike until September. There's not supposed to be any catalysts in the making that can stop the mania.
U.S. stocks go up in a straight line so that you're all drawn into it, chasing getting rich quick, and are distracted from what is important in life and what is really going on in the world, which is cultivating yourselves and getting back to the traditional path, because our society has a lot of troubles with food, energy, and climate lying ahead of it.
4. After the machine is done making you scared, stocks will rip in the other direction. This is all to create the "sell low, buyback higher" retail paradigm, which is especially miserable and expensive if you're trading in-the-money/at-the-money options on Robinhood based on some signal group or YouTube personality telling you what to do.
5. When the machine is done it's going to rip to big numbers, and do it rather fast and impressively. Once you get into the upper box, be careful.
Get out of the market for a few months and be extremely careful.
Note
Also, to be frank. It's probably going to rip lower than expected.It's better for you if the calls are unclear.
Note
Pop on open and then dump --> achieved.Note
It's worth noting that Nasdaq only strugglebussed its way to a new weekly high amid CPI mania while the SPX actually took 4,200. Memestocks are probably going to dump very hard. Don't listen to Reddit. They aren't your friends.
Note
Nasdaq hit the targets and dumped and hasn't had a strong retrace. Nasdaq seems to be leading the SPX in terms of pattern, so seeing how far memestocks fall is worth watching.
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