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Riding the Fear and Greed Pushing Markets
Riding the Fear and Greed Pushing Markets
June 29, 2023
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 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
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.
Goals
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.
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