Lots of money made in the commodities and related stocks
... energy in particular ... this has been going
vertical for a year and half now ... just sayin' ....
As so many great famous traders have said, trade with the market
direction. And now, to put it simply: Fed adds liquidity=multiples
expand. Fed subtracts it=multiples contract.
This comment is spot on, and I think it's important to remember
that the Fed is just getting started. Matt mentions that it's
important for 4150 to hold on the $SPX. It might, for the short
term, but longer term downside could easily extend to 3815, 3505,
and even 3392. The first two are 38.2 and 50% retracements of the
whole move off the bottom in March 2020. 3392 would put the S&P
500 back to its former high, from before the Covid crisis. I know
these numbers may seem extreme, but as I said, the Fed is just
getting started. Rule #1: Don't fight the Fed!
Well stated and what I outlined a few months ago - the major
concern here is the macro not micro. I have yet to see anyone
provide valid evidence to the contrary.
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Lots of money made in
Posted by mla127 on 5th of May 2022 at 10:51 am
Lots of money made in the commodities and related stocks ... energy in particular ... this has been going vertical for a year and half now ... just sayin' ....
As so many great famous
Posted by brophy on 5th of May 2022 at 11:00 am
As so many great famous traders have said, trade with the market direction. And now, to put it simply: Fed adds liquidity=multiples expand. Fed subtracts it=multiples contract.
This comment is spot on,
Posted by pkrsek on 5th of May 2022 at 11:27 am
This comment is spot on, and I think it's important to remember that the Fed is just getting started. Matt mentions that it's important for 4150 to hold on the $SPX. It might, for the short term, but longer term downside could easily extend to 3815, 3505, and even 3392. The first two are 38.2 and 50% retracements of the whole move off the bottom in March 2020. 3392 would put the S&P 500 back to its former high, from before the Covid crisis. I know these numbers may seem extreme, but as I said, the Fed is just getting started. Rule #1: Don't fight the Fed!
Well stated and what I
Posted by steve on 5th of May 2022 at 11:15 am
Well stated and what I outlined a few months ago - the major concern here is the macro not micro. I have yet to see anyone provide valid evidence to the contrary.