Market's weeding out the weak. Can you see past the dust?
After a near-decade long bull run we have reached a possible falter. Taking into consideration the current state of politics and global economic events transpiring, there is no clear direction in the short-mid term on what can really happen. Seeing lots of traders still making the mistake of self-predicting the market instead of surfing the waters, watching the direction of how global economic factors affect everything. Single stock investments is a high risk, aggressive strategy that does not bode well in these shaky trading days.
Following major indexes and looking at the big picture directly tells you, as a whole the plausible direction the market is going to move. Lots seeing volatile tech stocks as on sale and a good investment for now without seeing the larger moves that could happen and put loads of stress on themselves deciding whether or not to hold them. Long term trends, fundamental analysis, and reliable TA has shown that this seems most likely to be a standard market correction for now with a likely bigger move in the future. If I have misinterpreted this than a move down (orange arrow) should soon follow but I doubt that atm.
I'm currently playing both sides with leveraged ETF's (heavier on the inverse ETFs) which help filter out the noise of individual stocks.
This is my own interpretation and is not, at all investment/ financial advice.
Comment below to share ideas and perspectives!
Following major indexes and looking at the big picture directly tells you, as a whole the plausible direction the market is going to move. Lots seeing volatile tech stocks as on sale and a good investment for now without seeing the larger moves that could happen and put loads of stress on themselves deciding whether or not to hold them. Long term trends, fundamental analysis, and reliable TA has shown that this seems most likely to be a standard market correction for now with a likely bigger move in the future. If I have misinterpreted this than a move down (orange arrow) should soon follow but I doubt that atm.
I'm currently playing both sides with leveraged ETF's (heavier on the inverse ETFs) which help filter out the noise of individual stocks.
This is my own interpretation and is not, at all investment/ financial advice.
Comment below to share ideas and perspectives!
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