Give me a reason for Nasdaq to go up?
I look for 3 major signs in order to initiate a long term short position
1. BB Cross ...
2. RSI Cross ...
3. Macd Cross ✅
Things however do not look good... February & March are key for the rest of the year.
To be honest the party was awesome and it lasted way too much and went way too high what else do you expect?
Bad signs to take into consideration:
1. Everybody on the planet is involved somehow with "investing" (bloomberg.com/news/articles/2021-11-25/stock-funds-took-in-more-cash-in-2021-than-two-decades-combined)
2. Record number of SPACs (statista.com/statistics/1178249/spac-ipo-usa/)
3. Failed IPOs (sing of the trend getting weaker) + they did also an IPO in way too high valuation check for yourself some of the hottest (Rivian,Robinhood,Didi,Coupang,Roblox, Airbnb, Snowflake etc etc etc)
4. Inflation running super hot & Interest rates rise ( DO NOT FIGHT THE FED)
5. Record sale of insiders sales (medium.com/jixa-analytics/insider-selling-is-breaking-records-in-nov-2021-f2612253aa5)
6. US 10YR rising
7. Musk sells quite a big amount of Tesla's shares (barrons.com/articles/elon-musk-tesla-stock-sale-51640767818)
8. Crypto casino boom & bust
9. Margin Debt all time high (forbes.com/sites/greatspeculations/2021/04/24/uh-oh-market-leverage-at-all-time-high/?sh=f731dc01e8a9)
10. Technicals look awful
And i am asking myself over and over again!!! especially now that the FED said interest rates going higher (money becomes more expensive, less leverage) why the heck the stock market will go up? especially when big boys are selling and retails power is drying up... WHO'S LEFT TO BUY?
1. BB Cross ...
2. RSI Cross ...
3. Macd Cross ✅
Things however do not look good... February & March are key for the rest of the year.
To be honest the party was awesome and it lasted way too much and went way too high what else do you expect?
Bad signs to take into consideration:
1. Everybody on the planet is involved somehow with "investing" (bloomberg.com/news/articles/2021-11-25/stock-funds-took-in-more-cash-in-2021-than-two-decades-combined)
2. Record number of SPACs (statista.com/statistics/1178249/spac-ipo-usa/)
3. Failed IPOs (sing of the trend getting weaker) + they did also an IPO in way too high valuation check for yourself some of the hottest (Rivian,Robinhood,Didi,Coupang,Roblox, Airbnb, Snowflake etc etc etc)
4. Inflation running super hot & Interest rates rise ( DO NOT FIGHT THE FED)
5. Record sale of insiders sales (medium.com/jixa-analytics/insider-selling-is-breaking-records-in-nov-2021-f2612253aa5)
6. US 10YR rising
7. Musk sells quite a big amount of Tesla's shares (barrons.com/articles/elon-musk-tesla-stock-sale-51640767818)
8. Crypto casino boom & bust
9. Margin Debt all time high (forbes.com/sites/greatspeculations/2021/04/24/uh-oh-market-leverage-at-all-time-high/?sh=f731dc01e8a9)
10. Technicals look awful
And i am asking myself over and over again!!! especially now that the FED said interest rates going higher (money becomes more expensive, less leverage) why the heck the stock market will go up? especially when big boys are selling and retails power is drying up... WHO'S LEFT TO BUY?
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