Oil down VIX up
Guys, today we have a little pause day to slightly down on the stock markets from last 8 days rallying. The volume picked up a bit from yesterday but still very low. Important to note is that oil is continuing heading down while VIX had moved up a bit. As I posted yesterday oil is an economy leading indicator and VIX is signaling smart money and institutions may be hedging for potential market down turn. Another sign is gold, my long term investments, continue to make new highs. Gold usually goes down when equity markets are in strong bull runs. I had posted several long term gold and gold miners outlook many weeks ago for those interested. All is giving signs that something is brewing guys. General market is expecting several interest rate cut outlook from the Fed this Friday from Powell and the next equity bull run will continue. However, I am more and more doubtful of that. Will markets heads down after Fed confirms rate cut? Well time will tell. Be prepared for volitity surge guys and be cautious on chasing the meg 7 and large cap tech stocks. some thing just doesn’t feel right…
Continue to hold my ultra shorts play like SOXS, VXX, QID, SDS, Nvidia short and be ready to add more shorts like ORCL should be another good short to add….
Cheers
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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Shroomie : the whole year, the market has "priced" in the rate cuts. Buy the rumor... sell the news
EZ_money Shroomie : agree
Mr Cobra : agree as well