trading
Monday 26 September 2022
Tuesday 20 September 2022
"Velocity begets more velocity."
During the bear markets of 2000-2003 and 2007-2008 the Fed was lowering rates. Now in this 2022 bear market the Fed is raising rates and that's the major difference that has the potential to create all sorts of unintended and unexpected consequences.
Tuesday 6 September 2022
Monday 29 August 2022
Under most circumstances, the markets will be either readable or reliable.
"We registered blow off volume around the lows (1) then got some nice upside confirmation volume during the subsequent rally (2) however, better than 10:1 up vs. down volume came back into the market last week (3); an indication that institutions were using strength to sell into."
Monday 22 August 2022
Monday 1 August 2022
Friday 15 July 2022
Friday 1 July 2022
Thursday 30 June 2022
"Lies, damned lies, and statistics"
Going back to 1932 there were three other times when the market started the year down more than 20% and in each of the subseqent years the market closed higher than it had ended in June. Like 1962.
Monday 27 June 2022
This is a bounce in a bear market and it can last for a few days to as long as a few weeks. Whenever you have durration corrections in bear markets, it takes long to bottom. Not entering rrsp now as this could fail Better to wait for confirmation. Compound from a higher equity base.
Don't forget to enjoy the ride.
Tuesday 14 June 2022
Monday 13 June 2022
Friday 10 June 2022
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