We will simply continue to trade what's in front of us and
adjust accordingly. One should prepare a plan that coincides
with their beliefs.
One item that some have not mentioned is that corporate buybacks
are now in place (goes into the supportive column) until the next
blackout period around June 16th. Again, many factors at play
here - I prefer a level to level approach while remaining cognizant
of the economic/Fed backdrop. Use what works best for
you.
Hi Arun, i read that too ..he says could look like 2010 ?
what's he smoking now? lol. Steve and Matt, can you
please comment on the chart posted by arun on spx, potential
failed head and shoulder bottom.. what's the likelihood of
that happening.? I ve also read a lot of insider buying by CEOS of
their companies and stock buybacks. Do you think if SPX makes
it over and holds over its 50 dma, it's more likely we are going
higher? Tks Mel
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Analog
Posted by arun on 28th of May 2022 at 08:14 am
just sharing this from a
Posted by arun on 28th of May 2022 at 12:31 pm
just sharing this from a technical perspective. Overall nothing much changed in my opinion. Bulls are not in charge for sure.
We will simply continue to
Posted by steve on 28th of May 2022 at 12:52 pm
We will simply continue to trade what's in front of us and adjust accordingly. One should prepare a plan that coincides with their beliefs.
One item that some have not mentioned is that corporate buybacks are now in place (goes into the supportive column) until the next blackout period around June 16th. Again, many factors at play here - I prefer a level to level approach while remaining cognizant of the economic/Fed backdrop. Use what works best for you.
Hi Arun, i read that
Posted by imelhoe on 28th of May 2022 at 11:46 am
Hi Arun, i read that too ..he says could look like 2010 ? what's he smoking now? lol. Steve and Matt, can you please comment on the chart posted by arun on spx, potential failed head and shoulder bottom.. what's the likelihood of that happening.? I ve also read a lot of insider buying by CEOS of their companies and stock buybacks. Do you think if SPX makes it over and holds over its 50 dma, it's more likely we are going higher? Tks Mel