Posted by DigiNomad on 22nd of Apr 2024 at 11:29 am
Earnings - I seem to remember that weeks with big tech reporting
in a downtrending market will typically run up right before or
right after the reports and trap eager bulls. Often vicious traps.
This action right now feels like attempting to shake off the
weak bull hands before the run - which is likely an ill fated run
but could still be very profitable for traders. Market will always
try and trap on both sides to the greatest extent possible.
*My assumption is the big tech earnings will CRUSH. Why
wouldn't they since their biggest customer is the Fed Gov and they
are not price sensitive? The question is whether Gov spending
is accelerating or flattening out. My guess is that the
acceleration is at least slowing.
Posted by DigiNomad on 22nd of Apr 2024 at 11:46 am
Now that I think about it, its pretty dumb of me to think that
Fed Gov spending is slowing when they just passed a massive
spending bill over the weekend. Much of that will flow to big tech
through direct and indirect Gov contracts. Also, no change at the
border which means continued huge off budget / deficit
spending.
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Earnings - I seem to
Posted by DigiNomad on 22nd of Apr 2024 at 11:29 am
Earnings - I seem to remember that weeks with big tech reporting in a downtrending market will typically run up right before or right after the reports and trap eager bulls. Often vicious traps. This action right now feels like attempting to shake off the weak bull hands before the run - which is likely an ill fated run but could still be very profitable for traders. Market will always try and trap on both sides to the greatest extent possible.
*My assumption is the big tech earnings will CRUSH. Why wouldn't they since their biggest customer is the Fed Gov and they are not price sensitive? The question is whether Gov spending is accelerating or flattening out. My guess is that the acceleration is at least slowing.
Now that I think about
Posted by DigiNomad on 22nd of Apr 2024 at 11:46 am
Now that I think about it, its pretty dumb of me to think that Fed Gov spending is slowing when they just passed a massive spending bill over the weekend. Much of that will flow to big tech through direct and indirect Gov contracts. Also, no change at the border which means continued huge off budget / deficit spending.