Are you fighting the Fed?
They say, don’t fight the Fed. The Fed said interest rate will remain high for some time to curb inflation.
With the latest rally, it seems like many investors are piling their money back into the stock market. Are they betting that the Fed is going to pivot? Are they trying to front run the Fed? Isn’t this fighting the Fed?
Fighting the Fed usually doesn’t end well.
From YouTube
$SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Advanced Micro Devices(AMD.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Meta Platforms(META.US$ $Crude Oil Futures(JUN4)(CLmain.US$ $Spdr S&P Bank Etf(KBE.US$ $SPDR Gold ETF(GLD.US$ $USD(USDindex.FX$ $Intel(INTC.US$ $Direxion Daily S&P 500 Bull 3X Shares ETF(SPXL.US$ $Nasdaq(NDAQ.US$ $Snowflake(SNOW.US$ $SoFi Technologies(SOFI.US$ $PayPal(PYPL.US$ $Snap Inc(SNAP.US$ $NIO Inc(NIO.US$ $Alibaba(BABA.US$
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Inferno696 :
Inferno696 : Don't know if you take requests but can you do an analysis for baba pls?
Cow Moo-neyOP Inferno696: Overall trend looks bullish - which most investors can tell as almost all Chinese stocks are flying haha. Anyway, macd has a bearish cross towards the end of last week; I think we can expect some retracement from this point.
There was a gap up between 94-96, which should serve as a strong support (together with 50 MA & 200 MA, which sit around this area too). But then a gap up also means 90% chance it may get filled (just don’t know when).
Disclaimer: above is not finance advice. Extrapolate what you deem fit. And oh, this is for the US listed stock. I don’t follow Chinese stocks so am not too familiar.
Inferno696 : Youre a champ man thanks so much!
Cow Moo-neyOP Inferno696: No problem :)
Thelord : Some are saying that QQQ pulled back for another run higher. Is that the case right now
BeBlessed : thanks! shorted yday and initially in the red... saw ur video mentioning potential pullback.. true enough my position turns green at 3am+
70620572 Thelord: cant really predict something like that when we have fomc and meta google apple amd amazon earnings this week lol, it will go higher or lower depending these events
Thelord BeBlessed: Hey I remember seeing you active in 101’s thread long time ago. Are you in his discord?
BeBlessed Thelord: No, left quite a long while alr.
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