Don't fight the momentum
Greed is once again at its highest levels. That is often times a signal for a turn lower in markets. Below is CNN Fear and Greed Index.
SKEW continues to push higher which has been a signal for a bullish tone in equity markets. Could we see resistance at 144? Based on market action lately, yes we could.
SP500 has a could rally up to its high as well a retreating back down towards support. Based on the Fear & Greed and SKEW Index, i’m going with a rally into Fridays close.
Without goals, life can be stale. One of my goals is to become a better trader as well as share by ideas, knowledge and thoughts on markets and global economics. QQQTrades.Club and Best of US Investors are those place where I post this information. With July 4 coming up next Tuesday, I will be running a Subscription special starting tomorrow, Friday the 30th of June for 55% off the monthly subscription amount of $25 a month until I hit my goal of 100 paid subscribers. Presently I am at 35 paid subscribers.
Included in the Paid Subscription
QQQTrades Stock Ideas: list of stocks that I see as potential trades (three weeks or less)
Intermediate Term Portfolio Allocation Ideas: a core portfolio that is based on MACRO economics conditions.
Market and MACRO economic commentary.
As well as additional knowledge and information.
Signup starts tomorrow Friday June 30th.
Please share this post.
Share this article:
More in QQQTrades.Club:
The U.S. 10-Year Treasury Yield, a significant indicator in the financial markets, has reached a pinnacle, marking its highest level since 2007.
The U.S. 10-Year Treasury Yield, a significant indicator in the financial markets, has reached a pinnacle, marking its highest level...
September 21, 2023
Will he keep raising?
Will he keep raising? The Federal Reserve’s decisions on interest rates have far-reaching implications for the economy and individual financial...
September 20, 2023
Inflation fighting stock idea below.
Inflation fighting stock idea below. Peter Zeihan has been calling for the collapse of China since his latest book, “The...
September 19, 2023
In the world of economics, the notion of a "soft landing" has often been treated as a holy grail – an ideal scenario where inflation is tamed, and the economy continues to grow without the dark cloud of recession looming overhead. However, while the majority seems to be banking on a soft landing in 2023, a contrarian perspective might suggest that such optimism is misguided and overly reliant on hope rather than a realistic assessment of the challenges ahead.
In the world of economics, the notion of a “soft landing” has often been treated as a holy grail –...
September 18, 2023