Swing Income retweeted
Just an if...but if this correction played out similar to July-November....wouldn't shock me if we got a relief bounce but mindset is chop tape for 4-6 weeks. I'm being patient. If had a strong start to the year this type of market is what we need to set the stage again.
Swing Income retweeted
Macro Monday: Week 34
Weekly Highlights
- Jackson Hole Symposium
- Anticipated Earnings
- Rates & Yields
- Fear & Greed Index
- Sectors Relative Performance
- Looking Ahead
Macro Monday: Week 34
Weekly Highlights
- Jackson Hole Symposium
- Anticipated Earnings
- Rates & Yields
- Fear & Greed Index
- Sectors Relative Performance
- Looking Ahead
Sectors Relative Performance:
- All sectors down over the week and most down for the month, except energy.
- Not much relative strength here on the monthly.
- Tech outperformed all others on the weekly, will Tech continue to lead us higher if we bounce?
1
34
Chopped around again all yesterday. Close was not strong. I still think we test the range between 440-444 on $SPY before another leg up.
Still proceeding with caution.
Initial reaction is positive. Let’s see if it holds to open and throughout the day.
We’ve been super choppy lately and haven’t yet hit the big lower support zone around 440-444 on $SPY. Still proceeding with caution here, let’s see if we can get a strong close today.
Perfect example of FOMO here. $WE up over 100% at highs today.
If you caught it early, great move. If you FOMO’d in later in the day, you probably got crushed.
Chances are, if you weren’t early and are hearing about it when everyone else is, it’s probably too late.
5
354
Initial reaction is positive. Let’s see if it holds to open and throughout the day.
We’ve been super choppy lately and haven’t yet hit the big lower support zone around 440-444 on $SPY. Still proceeding with caution here, let’s see if we can get a strong close today.







