Market continue positive gains, but for how long?
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.
Market opened today with extended bullishness from last Thursday d/t Trump announcement of a peace deal with Iran “done” and it will be signed on Sunday. However, it has since been delayed to Wednesday, in line with FOMC rate announcement. This shift has got me thinking, what is this manipulator planning up his sleeves again? So I am holding back my bullets on the tech sector and see how it plays out on Wednesday.
The bullishness in the stock market might be because of the continued positive outlook on SPCX since its debut on Friday. Pretty surprised that it still maintained its high level into today. But I will wait for the day that SPY or QQQ announce its inclusion as a composite before I decide my potential move on the stock.
Despite high PPI and CPI numbers, possibly indicating high inflation, technology sector still continue its bullish run, further extending their forecast numbers. So do you think they will continue this overextending of their PE and EBITA ratios, or its already too overbought and time for a healthy correction? I would advise not to take any rush decision today as this will be a short trading week = Potential decreased trading volume = Less attractive option premiums. Wait till Wednesday before firming your trading choices. Sometimes market reward patience too.
@PawsAndProfits - Specialist in combining FA and TA for options selling and swing trading.[Claw]
#FOMCmeeting #fedrate #bullorbear #technology #CPI #PPI #SPCX #USvsIran #straitofhormuz
Modify on 2026-06-16 06:54
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.
- koolgal·02:47Great insights 😍🤩😻LikeReport