Kind words, thanks.Started to become slightly uncomfortable now noting how close we are to breaking trend AND the fact we have stupid JPowell talking again this Wednesday morning 2AM followed by CPI data Thursday 12:30AM.
What I'm wanting to see is these events help the market get a leg back up combined with strong Q4 reporting from the market (this also starts this week). This will give me an opportunity to create 30% cash from ETHI sale and then wait for March/April when the Feds triple threat bombs the market.
https://www.cnbc.com/2022/01/07/inflation-rising-rates-and-the-federal-reserve-could-whip-stocks-around-in-the-week-ahead.html
I haven't moved these lines since my post on the 8/12/21 where the market closed at 16,325. Now we are at 15,592 and bounced of the support level of 15,500 again....triple bottom.
Given that this was the close on Friday night, my NDQ position will be red tomorrow which is fine. Market open in the US will be really important as I dont want the Nasdaq 100 to break 15,500 at this point.
,
This is my prediction:
- the Fed noticed how what they said in their last minutes released cause the market to pull back, so I think JPowell will be far more dovish this coming Tuesday as to not scare the market anymore. Therefore Wednesday open will be green.
- The CPI data on Thursday night will be slightly higher i think, fed from the latest jobs report showing more wage growth and falling unemployment rate. This might hurt the market, but not that much.
- Then, I think we'll begin to see some stellar Q4 numbers from the US proving that earnings are still chugging along. All this should be towards the end of the month.
- i'll be aiming for an end of month sell and move to cash, waiting for March/April pullbacks.
Cheers
TTT
Appen and the Nasdaq, page-30
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