US Equities, buy now?
Hi friends, as we all know US equites took a beating recently.
Now, the question on most people’s minds are “should I buy, sell or hold?”
Here’s my 2 cents worth.
Let’s use S&P as an overview of the markets
•We are still in an uptrend. The uptrend is still intact.
“The trend is your friend until the end”
Yes. But how would we know when the trend ends? Nobody knows.
Nonetheless, we can infer from variables.
For example:
“Are $VIX & $DXY tipping resistance?”
“How is $TLT doing?”
($TLT is the US 20 years treasuries bonds)
They play an extremely pivotal role in the markets’ direction.
•However, here’s a warm reminder to always look at the bigger picture. Crash or not, S&P have always recovered and gone even higher.
•Next, S&P is near a very strong support. 200MA Line.
•The fear and greed index is at EXTREME FEAR.
•Media outlets have been bombarding everyone with bearish news.
The media’s job is to help the big guys shake you out. & when you sell, stocks go up.
When there’s no seller, there won’t be buyers.
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