melson
2022-11-24

regardless of fomc minutes, one thing for sure is the fed is out to stump inflation. slowing down rate hikes doesn't stimulate growth, cutting rates does. this santa rally since october is unstoppable as stocks are way oversold, bargain everywhere. 

let's take a look at the leading indicator $FTSE 100(.UKX.UK)$  , with the rebalancing action of the monetary authorities around the world, $GBP/USD(GBPUSD.FOREX)$   regained strength and boosted ftse100. 

if you look at the pnf plots of $SPY(SPY)$  and $Invesco QQQ Trust(QQQ)$  you will observe that qqq is playing catching up with spy and spy playing catch up with dia while dia is treading water after covering the highest gap down.  

santa rally likely to continue till dec and crash in late dec or early jan. this is not taking account of any black swan events. 

do always apply automatic investment system where you take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. bon courage.


merci beaucoup @TigerStars   and your team. hope $Tiger Brokers(TIGR)$  will reach the stars. ✨✨

FOMC Minutes Coming: You Expect...?
FOMC minutes will be released tonight. The market predicted that Fed won’t increase rate at the upcoming meeting. However, the speeches of the Fed officials are different. ------ How do you expect the FOMC minutes?
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Comments

  • ElvisMarner
    2022-11-27
    ElvisMarner
    It looks like I need to sell my shares at the end of December.
    • melson: 
      do always apply automatic investment system where you take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. bon courage.
  • HilaryWilde
    2022-11-27
    HilaryWilde
    DIA is still the strongest performer among the major indexes.
    • melson: 
      large cap always outperform during bear market rally
  • EvanHolt
    2022-11-27
    EvanHolt
    Maybe they don't have much room to raise rates anymore.
  • LMSunshine
    2022-11-26
    LMSunshine
    What will be the cause of late dec/early jan crash?
  • PandoraHaggai
    2022-11-27
    PandoraHaggai
    Taming inflation is really their only task.
    • melson: 
      i doubt so, serving bank lobbyists maybe
  • BellaFaraday
    2022-11-27
    BellaFaraday
    I believe inflation has eased a lot.
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