Market Rallies…
Wow! What a strong market rally in the stock markets today! S&P 500 (SPY) is now up 8% just from last Monday’s price. This is insane move in less than 2 weeks. This morning both retail sales and jobless claims report came in better than expectations. However does these 2 reports together with last days reports on CPI and PPI already confirm the economy is fine and we are going to all time high? I wish it was that easy! US debit issues, rising credit card debits reaching all time high, loan payment delinquencies almost reach all time high, weak PMI reports…etc. all pointing to a troubled global economy. I would not be surprised to see a sudden rug pull from smart money and institutions. Be very cautious here. The markets may still go a bit higher but a sudden drop may happen anytime now. Keep your emotions and greed in check. Look at the facts and protect your profits.
I have now accumulated more VXX and QID. SOXS is also lokking very attractive now. If markets suddenly turn around for corrections, these will all make quick good profits. Get ready to short the hell out of SPY, the QQQ, SMH and other mega caps. Let’s watch how the markets perform on Friday and specially on Monday. It is getting very interesting.
Cheers and good luck!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
135Followers
1Following
481Visitors
Follow
103430872 : Vxx still good to keep?
Dr DT OP 103430872 : Yes in my opinion
103430872 : Alrighty from yr #1 fan.
Dr DT OP 103430872 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
NoFun : @Kokushibou Bruh nghe with gàji:)