Markets are weak and another shot of volatility can come next! A rate cut next week may be a disappointment if it does not match the markets expectations. Daily
Thanks for your comments, Rob. Things have gotten more interesting. I thought Oct would be an S&P up month since the election is on 11/05, but it's already 9/16 so I'm not sure if we have had enough time to hit the bottom. So far, only 2/10 times were down before the election.
SVXY ran into a brick wall of overhead resistance at the orange trendline.
ReplyDeleteNotice a death cross is imminent on SVXY daily.
ReplyDeleteThank you for sharing your thoughts. We had hindenburg omen a few months ago. Do you think UVXY $100 and UVIX $48 are possible in September?
ReplyDeleteIt is coming soon - sometime between September-November I think. We have a second Trump assassination attempt - another black swan?
DeleteThanks for your comments, Rob. Things have gotten more interesting. I thought Oct would be an S&P up month since the election is on 11/05, but it's already 9/16 so I'm not sure if we have had enough time to hit the bottom. So far, only 2/10 times were down before the election.
DeleteSMCI could be a catalyst for SMH/QQQ to take a big dipper. They still haven't filed their earnings report:
Deletehttps://justdario.com/2024/09/smci-the-nuclear-nothing-burger-that-can-expose-nvidia-shenanigans/
It's still a negative market environment by the Cycles. I'm not expecting that much for UVXY but I would do some hedging at least.
DeleteSeptember the weakest month for stocks and gold...how will the month end?
ReplyDeleteThat's a 200 point SPX rally in the last two days...maybe it will top out going into the Fed meeting...
DeleteWeekly Hindenburg Omen signal:
ReplyDeletehttps://x.com/datruthbomb/status/1834325371661271189?s=46&t=YH-vYkuZLLPqBXU_zUYtaQ
Wondering if oil finally bottomed at 65 and getting ready for some sort of spike soon?
ReplyDeleteBoeing strike is a significant problem right now for the US.
ReplyDeleteBoeing is the fourth-largest defense contractor in the world and is one of the largest exporters in the United States by dollar value.
The longer the Boeing strike continues the more pressure it puts on the market.
ReplyDelete