ES1 Update 7/10
Zaktualizowano
Indicators in the middle, futures whipsawed last night, market opened down and went up as I predicted yesterday
Not certain what happens here but the pumptardedness isn't done yet, financials report earnings next week, and they've been lagging so pay attention to that on Tuesday.
We could just drift sideway with sector rotations away from tech and into something else like financials, so probably better to play sector ETFs instead of index ETFs.
Not certain what happens here but the pumptardedness isn't done yet, financials report earnings next week, and they've been lagging so pay attention to that on Tuesday.
We could just drift sideway with sector rotations away from tech and into something else like financials, so probably better to play sector ETFs instead of index ETFs.
Komentarz
Looks to me like we're going to finish here around the resistance point for the week... pretty typical for the market to do that so you don't know if it's going up or down next week.COVID numbers or more stimulus pump? No idea which way it gaps Monday. All I know is that financials earnings will determine direction next week. Watch XLF...
Komentarz
LOL, I forgot to mention vaccine. I think I'm going with that.Komentarz
Pretty bullish finish. I am still bullish for next week. VACCINE!!! lol.Komentarz
Pretty sure we know how this is going to end by November:"Among the policies Biden described on Thursday is a tax hike for corporations."
cnbc.com/2020/07/09/biden-says-investors-dont-need-me-calls-for-end-of-era-of-shareholder-capitalism.html
I predict a major correction in October if the market doesn't tank before then.
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