Market updates 7th July 2021
Jul 07, 2021 at 00:18
385 Angesehen
4 Replies
Mitglied seit Jul 06, 2021
4 Posts
Jul 07, 2021 at 00:18
Surprise! Surprise! Surprise!
New highs, crash, and back up like a rocket all in one New York trading session.
The bounce was much reduced for the SP500, and especially for the Dow Jones. We are getting early warning signs of a potential major top in stocks. If we experience a new low below that seen just yesterday, and a NY close below there, then this would be a very strong signal indeed.
This is not a market to step away from. Active management of portfolios is essential at this point. The current situation is perhaps setting us up for the trend direction of the next six to eighteen months
There is a great chance that was the top for this great Oil bull market since those negative lows.
This forecast is based on both the price action behavior of the past week, what a reasonable correction to the huge trend from sub-zero would look like, and, the fundamental upheaval in OPEC perhaps freeing up production. While at the same time, demand could be foppish due to the extreme prices now being seen at the fuel pump.
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New highs, crash, and back up like a rocket all in one New York trading session.
The bounce was much reduced for the SP500, and especially for the Dow Jones. We are getting early warning signs of a potential major top in stocks. If we experience a new low below that seen just yesterday, and a NY close below there, then this would be a very strong signal indeed.
This is not a market to step away from. Active management of portfolios is essential at this point. The current situation is perhaps setting us up for the trend direction of the next six to eighteen months
There is a great chance that was the top for this great Oil bull market since those negative lows.
This forecast is based on both the price action behavior of the past week, what a reasonable correction to the huge trend from sub-zero would look like, and, the fundamental upheaval in OPEC perhaps freeing up production. While at the same time, demand could be foppish due to the extreme prices now being seen at the fuel pump.
Anhänge:
Mitglied seit Mar 16, 2021
477 Posts
Jul 31, 2021 at 13:14
What do you think of the current price situation?
Mitglied seit Jul 20, 2020
399 Posts
Oct 01, 2021 at 06:51
Shardie posted:
News, news, news.
Fundamental analysis now offers many surprises.
Just time to take advantage of new opportunities.
for sure the swings are a lot more volatile that is also due to the lower amount of liquidity so there isnt much resistance either way. This week has been much more liquid so interesting to see how NFP reacts this month
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