It looks like the big players are busy changing the narrative really fast. They have so much money they can do as they please and the Fed is backing them. Note that the velocity of money is still extremely low, indicating that this inflation cycle is all tied up to supply woes, In other words, man-made.
The weekly chart of TQQQ
Once the MACD completes the bullish crossover, the Nasdaq based on TQQQ should soar to new highs. The RSI could generate a positive divergence signal which would add to the bullish outlook.
Weekly Chart of GOOGL
GOOGL is trading in the extremely oversold ranges and appears to be building momentum to surge higher
Unless there is a repeat of the COVID attack plan, the markets should soar higher.
On a separate note, most Tech stocks have already experienced a crash, So the big players might be changing the game plan.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
Sol do you have any thoughts on any support on the nasdaq now that if lost can make you think we may be in an earlier that expected correction mode? Or any ranges it can easily test before surging higher? Thanks!
I have been wondering this myself but the sentiment data is likely to show bullish readings quite low at the moment having dropped last week?
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
Historically and statistically, five down days in a row leads to a reversal. This is day 5. Does not mean a complete turnaround but in the short term bullish.
"You can observe a lot just by watching"
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
RMSLSP wrote: ↑Mon Jan 10, 2022 8:58 am
Sol do you have any thoughts on any support on the nasdaq now that if lost can make you think we may be in an earlier that expected correction mode? Or any ranges it can easily test before surging higher? Thanks!
The NDX (Nasdaq 100) closed below 15,600 on a weekly basis, This means the odds of a quick test of the 14600 to 14752 ranges is now a possibility. This is discussed in the latest issue which should be finished tomorrow. It also appears that the silent correction where over 40% of Nasdaq stocks have already shed close to 50% is morphing into a correction. This rapid downward move suggests that this is the milder of the two corrections we are expecting this year. Remember there are Zero natural forces in the market right now. In fact, even free will is under severe attack. So as long as the trend is up, bullish sentiment is trading below its historical average. we have to focus on the opportunity and not the disaster that appears to be playing out now. This is what the big players want; they want the masses to focus on disaster and forget opportunity.
Too much attention is being given to higher rates. Rising rates are not bad as long as they don't rise too high. Rates are so low that the Fed could raise three times without causing any real long term damage. However, given the massive worldwide debt which is close to 300 trillion. Interest rates will never be allowed to rise too much.
When fear and uncertainty are the main forces in charge, whether we like it or not the best option and history proves this, is to focus on the opportunity and not the fear factor.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
RMSLSP wrote: ↑Mon Jan 10, 2022 8:58 am
Sol do you have any thoughts on any support on the nasdaq now that if lost can make you think we may be in an earlier that expected correction mode? Or any ranges it can easily test before surging higher? Thanks!
The NDX (Nasdaq 100) closed below 15,600 on a weekly basis, This means the odds of a quick test of the 14600 to 14752 ranges is now a possibility. This is discussed in the latest issue which should be finished tomorrow. It also appears that the silent correction where over 40% of Nasdaq stocks have already shed close to 50% is morphing into a correction. This rapid downward move suggests that this is the milder of the two corrections we are expecting this year. Remember there are Zero natural forces in the market right now. In fact, even free will is under severe attack. So as long as the trend is up, bullish sentiment is trading below its historical average. we have to focus on the opportunity and not the disaster that appears to be playing out now. This is what the big players want; they want the masses to focus on disaster and forget opportunity.
Too much attention is being given to higher rates. Rising rates are not bad as long as they don't rise too high. Rates are so low that the Fed could raise three times without causing any real long term damage. However, given the massive worldwide debt which is close to 300 trillion. Interest rates will never be allowed to rise too much.
When fear and uncertainty are the main forces in charge, whether we like it or not the best option and history proves this, is to focus on the opportunity and not the fear factor.
Sol, I was thinking I could take a little risk and make use of the short term bullish outlook for $NDX. Would you recommend entering a position in NDX at about 14700 and exit at 16800?
RMSLSP wrote: ↑Mon Jan 10, 2022 8:58 am
Sol do you have any thoughts on any support on the nasdaq now that if lost can make you think we may be in an earlier that expected correction mode? Or any ranges it can easily test before surging higher? Thanks!
The NDX (Nasdaq 100) closed below 15,600 on a weekly basis, This means the odds of a quick test of the 14600 to 14752 ranges is now a possibility. This is discussed in the latest issue which should be finished tomorrow. It also appears that the silent correction where over 40% of Nasdaq stocks have already shed close to 50% is morphing into a correction. This rapid downward move suggests that this is the milder of the two corrections we are expecting this year. Remember there are Zero natural forces in the market right now. In fact, even free will is under severe attack. So as long as the trend is up, bullish sentiment is trading below its historical average. we have to focus on the opportunity and not the disaster that appears to be playing out now. This is what the big players want; they want the masses to focus on disaster and forget opportunity.
Too much attention is being given to higher rates. Rising rates are not bad as long as they don't rise too high. Rates are so low that the Fed could raise three times without causing any real long term damage. However, given the massive worldwide debt which is close to 300 trillion. Interest rates will never be allowed to rise too much.
When fear and uncertainty are the main forces in charge, whether we like it or not the best option and history proves this, is to focus on the opportunity and not the fear factor.
Sol, I was thinking I could take a little risk and make use of the short term bullish outlook for $NDX. Would you recommend entering a position in NDX at about 14700 and exit at 16800?
if you are willing to take the risk, a safer bet would probably be to go long QQQ. if you want to have an ETF that holds a balanced position in the NDX, then QQEW would be something to consider. Both ETF's as well as the TQQQ which is highly leveraged are all trading in the extremely oversold ranges on the weekly charts
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
I am aggressively buying the TQQQ today as well as some stocks that Sol recommends in this service and the AI trend trader. TQQQ is a leveraged fund so please don't imitate my actions unless you are willing to deal with high levels of risk. I will keep buying TQQQ even if the NDX dips below 14,8K. The TQQQ trade is a short term trade based on sentiment data from the MU, Sol's overall medium-term outlook and my TA
I also added some XRT.
If you don't fight today, someone will knock you out tomorrow
I had read somewhere and now i cannot remember where about a week and half ago that when Ndx hit recent highs only a small portion of the stocks were making it go so and rest were not paricipating at all. In retrospect i wonder if this was not the tip-off.
be in/do the PRESENT = Live the MIRACLE = infinity; there is no more, Why not now?... The Law of Mirrors. I'd go insane if I didn't act crazy
That was some turnaround, quite often this points to a bottom/top, other's will have a better understanding why but think it's to do with weak hands exchanging with strong hands that drive the direction in the opposite direction, time will tell if today was the actual bottom of the correction.
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
