Visibility: Public
Read/Watch Time: 64 minutes (with nuggets near the end)
Thanks for tuning in. It’s another long one but we have a lot going on.
Here we go again. Another week. Another bounce. Is it time? Could it be?
I’m skeptical. One or two good days does not make a trend but it can easily start that way.
We had a huge rally in U.S. stock markets on Friday. The video covers what might be catching my interest and what is not.
Here’s an interesting name: Ethereum. There are also a couple of sectors that I’m watching. Plus a few nuggets.
My Watch List in the video includes gold, oil crypto, interest rates, bonds, S&P500, NAS100, the VIX and others.
In my “Countries” Watch list there are 46 possibilities and only one that I give a second glance.
There are 3 or 4 Sectors that have caught my eye.
I have been through many serious declines in the markets. 37 years of experience will get you that. I do not yet see people in a panic over their investment or 401(k) statements. I have not heard many people grumbling about the economy or inflation.
Until average investors have thrown in the towel, it’s not low enough. I don’t think this is a run-of-the-mill decline that just magically gets fixed. The house might look okay on the outside but the plumbing and electrical are a mess.
I feel like Chicken Little who ran through town saying “The sky is falling. the sky is falling.” Only… nobody listened. Remember that I’ve been talking about this since the posts in January.
Please feel free to teach this to your family and friends. We appreciate all the referrals.
Here’s the video link: https://squiggletrader.com/wp-content/uploads/2022/07/Markets-Update-Chicken-Little-0717022.mp4
Economic Data Site: http://www.tradingeconomics.com
S&P500 Sectors Site: http://www.sectorspdr.com
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer
This communication is not a recommendation to buy or sell any security. It is not to be considered financial or investment advice. This is an educational and training tool only. If a specific security is mentioned, it is for illustrative and hypothetical purposes. You must use your own knowledge to determine what to trade, how much to trade and when to buy or sell. Investing and Trading involves risk and you can and will lose money. Past performance is no indication of future results. You should practice with fake/virtual money (paper trading) before risking real money. All communications and videos are for members only and are not to be shared. Consider all content copyrighted.