Tight race!
The mid term elections are so tight there is noclear winner as of yet despite the Republicansbeing favoured to at least take the House by aclear margin. Now it is down to the wire. History favours the bulls as stocks tend to rise postmidterm elections and part of the reason could be due to the policy clarity it brings. That could bring some hope to the bulls especially approaching the critical 4100 levels on the broadmarket index.
The markets $DJIA(.DJI)$
Even the technical picture is aligning pretty nicely. Either the bulls overcome the 4100 levelsoverwhelmingly and turn the tide against the bears pretty soon ignoring clamours for a C wave down to turn the picture into a new bull wave or allow the C wave to happen in what could even be just a retest of recent lows to sparkoff the bull rally early next year.
Hence in my opinion, the light seems to be getting stronger for those who look at data rather that sentiments. I am positioning for the future and hence happy with the layered positionsmentioned earlier. Because of uncertainty, I reeserved some cash for a possible C wave to make them work harder. But if market suggests that they want to go higher and price action at the 4100 levels will be important, the time might be soon to rejoice and go full risk on. I am still staying cautious at the moment.
Stay safe 😊
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Money365·2022-11-12History may not be applicable ad Bro, AI, Tech revolution, everyone can trade using mobile, a lot of smart investor now. History not so relevant at this modern world. Careful laLikeReport
- angelchow·2022-11-10okLikeReport
- champion6834·2022-11-10Hi1Report
- weiwei8679·2022-11-10okLikeReport
- KaiHsien·2022-11-10niceLikeReport
- davloh·2022-11-10[Miser]LikeReport
- Reann·2022-11-10okLikeReport
- K66gunso·2022-11-10[微笑]LikeReport
- Serenechua·2022-11-10okLikeReport
- TigerMum·2022-11-10👌LikeReport
- gye·2022-11-10ok1Report
- Jo Tan·2022-11-10thanks1Report
- CKF68·2022-11-09Ok1Report
- JL88·2022-11-09ok1Report
- Jerkes·2022-11-09Ok1Report
- DDRuirong·2022-11-09OngoicuxcuicLikeReport
- BrightAim·2022-11-09👌LikeReport
- BrightAim·2022-11-09👍LikeReport
- DMTrader·2022-11-09🙏LikeReport
- DoreamonGo·2022-11-09OkLikeReport