Market insight [6Jan2022]
Updated
I went liquid a day before yesterday, exactly before this "crash".
I did it because entire market was overbought in my code, I didn't go cash because of a speculated crash.
Here I show DJI30, you can see my previous plan from a month ago and today, after yesterday's crash, Dow is one of the index remaining relatively strong bullishness.
We also saw this week the transition in energy and dollar index. Instead of news, I watch our analysis and what it suggests is what follows:
Russel transitioned to bearish background signal along with many low cap things, whereas large and mega cap are holding the line. Let's see if energy sector transitions to bullish along with financials.
Apart from that, health sector is bullish still and telecom sector is slowly turning bearish. and EU is similarly green.
GBP might see a supposed transition to bullish against the dollar (I will publish ones i see it)
question is, what will we do today?
I'm going slowly add to long position some mega cap tech names like AAPL, MSFT. And some that our analyst likes such as AMD and some ETFs such as SMH, TLT.
If dollar follows through, I will add some long gold (not silver at the moment). If you have access to it, I'd suggest buying corn too.
Stay safe out there
Good luck
Redd
I did it because entire market was overbought in my code, I didn't go cash because of a speculated crash.
Here I show DJI30, you can see my previous plan from a month ago and today, after yesterday's crash, Dow is one of the index remaining relatively strong bullishness.
We also saw this week the transition in energy and dollar index. Instead of news, I watch our analysis and what it suggests is what follows:
Russel transitioned to bearish background signal along with many low cap things, whereas large and mega cap are holding the line. Let's see if energy sector transitions to bullish along with financials.
Apart from that, health sector is bullish still and telecom sector is slowly turning bearish. and EU is similarly green.
GBP might see a supposed transition to bullish against the dollar (I will publish ones i see it)
question is, what will we do today?
I'm going slowly add to long position some mega cap tech names like AAPL, MSFT. And some that our analyst likes such as AMD and some ETFs such as SMH, TLT.
If dollar follows through, I will add some long gold (not silver at the moment). If you have access to it, I'd suggest buying corn too.
Stay safe out there
Good luck
Redd
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