SPX has performed poorly this year with weak gains. The Government has now closed and the longer it is closed the worse market conditions will become. So now the clock is ticking and the market is running out of time.
Weekly Chart
Initially I feel that the markets can function for a while, but the longer the Government is closed the more chaotic things will become and, make no mistake, it will weigh heavily.
XBI now targeting 176, gave you targets long ago while you keep thinking a govt shutdown is meaningful, what its showing Americans is its not needed outside of core functions
Biden hired 1 million govt DEI and woke workers, no illegals should get a penny, they are leeches
I've always said that shrinking the government was what was necessary. Shutting down the government completely is reckless and will result in major crisis. Soon it will be the longest shutdown in history.
The country can function for a while until it can't. Nobody thinks anything bad will happen?
"The Hindenburg Omen occurred on most days last week, while the Titanic Syndrome was triggered six times over eight trading days through early November."
Earlier in the year I had warned that any savings from DOGE and money brought in from tariffs would not be enough.
ReplyDeleteMy calculations were correct and the US ran out of money. The Government closed.
ReplyDeleteInitially I feel that the markets can function for a while, but the longer the Government is closed the more chaotic things will become and, make no mistake, it will weigh heavily.
ReplyDeleteVIX holding support today at the 200 dma. SPX bounce today, still declining.
ReplyDeleteAny upside targets for VIX on this run - 60?
DeleteThanks SC.
Yes I'll post VIX chart next. This is a fear event with the government closed. VIX can go very high!
DeleteHopes are high but unfortunately the government won't reopen until the market collapses.
ReplyDeleteAI is in a bubble now. The problem there is that while deals have been announced for investment that's years away. Nothing is happening now.
ReplyDeleteI do expect several attempts to restart the government first. Those will fail. That's when fear will really spike and biggest plunge at that time.
ReplyDeleteHahaha!
ReplyDelete"White House economic advisor Hassett says shutdown could end this week"
Not even an attempt this week to open the government. Instead demolished the White House!
ReplyDeleteIf trump gets them to pass no tax for americans markets will explode higher
ReplyDeleteTypical month end window dressing. Tariff trial set to begin early November!! Getting ready to short!
ReplyDeleteXBI now targeting 176, gave you targets long ago while you keep thinking a govt shutdown is meaningful, what its showing Americans is its not needed outside of core functions
ReplyDeleteBiden hired 1 million govt DEI and woke workers, no illegals should get a penny, they are leeches
I've always said that shrinking the government was what was necessary. Shutting down the government completely is reckless and will result in major crisis. Soon it will be the longest shutdown in history.
DeleteThe country can function for a while until it can't. Nobody thinks anything bad will happen?
Conditions are developing for a crash.
didn't happen but now we know how much fraud is in the system, the only way to rid it is starve with tax revolt
Delete19 M on Snap before Biden
42 after
Democrats are the nazis
SPX target will likely go lower than this April. SPX set to lose the entire rally from 2023. Target 4,250.
ReplyDeleteRonald Reagan April 1987:
ReplyDelete"Then the worst happens. Markets shrink and collapse."
My top picks for this rally included HOOD and only pick for tech was NFLX.
ReplyDeleteHOOD up from $8 to $147. 1,800%
NFLX up about 1,000% and split announced yesterday 20 to 1.
HOOD will have wild swings though in the coming recession. Blowout top could still occur.
DeleteNFLX is still a good recession pick. Can perform well even in the recession.
Longest government closed in history!
ReplyDeleteMarkets accelerate down as flights cuts across the US.
ReplyDeleteOil XLE incredibly up today. I say and say again Oil something everyone uses.
ReplyDeleteAI fake deals and no profit
DeleteWonder what impact the possible Venezuela invasion will have on oil SC?
DeleteWell they are getting desperate trying to hold Oil down which is why they are now looking at Venezuela.
DeleteMarket selloff intensifies!
ReplyDeleteVIX spikes above 21. Looking like a golden cross on daily VIX set up.
ReplyDelete"The Hindenburg Omen occurred on most days last week, while the Titanic Syndrome was triggered six times over eight trading days through early November."
ReplyDeleteThe Hindenburg in fact gave a good signal and markets heading lower short term into month end.
ReplyDeleteA November to remember! Don't forget tariff trial starting next...
ReplyDeleteMarkets plunge again! Heading lower and should be a smoother decline now as the bounces fail yet again.
ReplyDelete200 point SPX intraday drop!
ReplyDeleteXBI now target of 200, of course I was telling everyone here to buy at 85
ReplyDeleteSpx will reach 7200
ReplyDelete