UPDATE March 20
iam traveling so this will be quick. I expect a drop upcoming, not today, but soon, maybe at the FOMC on Tuesday. The rate increase doesn't really matter as it should be a .25 increase. Anything different will be met with selling. I believe it's met with selling either way. but we will see. It's the Q & A session and the dot plot that the market wants to see. Until then, it should be up today, in probably another odd trading day. Banks should rally today. I would limit my bank exposure to only the big lenders ( $Charles Schwab(SCHW.US$ etc.
. We should get one more move up. I would say a relatively small move, but we will see. $E-mini NASDAQ 100 Futures Main(JUN3)(NQmain.US)$
![UPDATE March 20](https://ussnsimg.moomoo.com/feed_image/70624085/34db416a53a7344494c9d8335e70d92c.jpg/bigmoo)
$Dow Jones Industrial Average(.DJI.US)$ I also expect a push for the dow to the 50MA near 32225 and then further to the 200MA near 32350.
![UPDATE March 20](https://ussnsimg.moomoo.com/feed_image/70624085/e2549b8f519336e9bd69ca51d06d5399.jpg/bigmoo)
$Invesco QQQ Trust(QQQ.US$ Could turn into a big run up to the 308/9 range.
![UPDATE March 20](https://ussnsimg.moomoo.com/feed_image/70624085/3a07006b50c7393c9ffa8e115edf5f80.jpg/bigmoo)
$Tesla(TSLA.US$ One more bullish push??? Probably, that would be nice, a new short to enter.
![UPDATE March 20](https://ussnsimg.moomoo.com/feed_image/70624085/c2e1e67b392837faa51e3e65427341c7.jpg/bigmoo)
$First Solar(FSLR.US$ Still in my short position. Hoping to ridecthis down to below 170 in the next few weeks![]()
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![UPDATE March 20](https://ussnsimg.moomoo.com/feed_image/70624085/e8d65354ce883afdaa65baac33381bca.jpg/bigmoo)
Be Safe, Be Careful, Be Wise
and as always Good Luck ![]()
![UPDATE March 20](https://ussnsimg.moomoo.com/feed_image/70624085/28fe284c86013b4783c0b5ab2d72d747.jpg/bigmoo)
The market is still running under the assumption of a "soft" landing (no recession, no earnings recession). I believe this gets ruined this week. The result will be the evaluation multiples getting trimmed. The stock evaluations are currently around 18-20X with an earnings reset we should be in the low teens (14X is a good re-pricing). that should be around another 20% to be cut. ![]()
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S Punt : Very insightful thanks.
butter : @iamiamI love to read your post they are very resourceful and they make a lot of sense to me because I am new to this you help me understand a lot more can you please tell me what you mean about short and all the time
iamiam OP butter : I use 3 different methods to short.
1.) I buy SQQQ or other leveraged short ETFs.
2.) I buy puts, or sell calls.
3.) I actually short the stock by borrowing shares and selling them.
butter : what do you mean you short the stock by borrowing shares in selling them how does that make the price of your shares go up
iamiam OP butter : it doesn't. short means I'm betting against it. when I borrow shares, I sell those into the open market. I keep the money. at some point I buy them back (hopefully cheaper, and keeping the difference). until I buy them back and return them to the lender I pay a fee.