Bear market volalitet is back or big correction volalitet is back should I say.
Bought and bought some stocks for portofolio more + traded a lot with SPX. Missed the plunge actually but bot the rally !
There´s nothing to say much but one thing is that I noticed most of those huge 86.2% charts I posted yesterday was that many of them overlapped today SMA200 strongly, I mean real strongly. This often happens but my best guess is that as next they will kiss that back from down to the upside and potentially even trying to take corrective leg from here which some day will land again. Even this market would be under way below SPX 1050 there is still bullish degrees exist also somewhere far, far away and they will suck any corrections also for upsides once for a while when possible.
With this in mind I think there is few positive days ahead for next week. Then all re-tests and lower again, then big relief rally again which then fails later some day etc. So excuse me if I don´t post actual number estimate for that.EW, MACD rollovers and divergences, Pivots + Market Ultimate violence is my only friend now. Then some extrastrong “earnings factory” companies like BMW and Daimler from German for instance.
Watch BOJ on next week, more yen interventions might be coming.
Which you think is more risky actually, to be invested in cash with these currencies or own stocks which at least own some real assetts is also good question ? To be cash investor one has done investment decisions, based for the currency where it is valued and I am not sure but it is possible these currencies are more risky actually as real assetts.
