Timing is everything. Bonds are blasted. Inflation will be tamed.
Price action is what really matters. Fundamentals are always just a narrative.
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Last week’s article:
Levels to watch: S&P 4400, QQQ 350, CORN 26.50, AMD 100, XME 60
Expect more volatility.
Mortgage rates broke a 40 year trend!
Utilities are extremely strong right now & cannot be overlooked
Commodities, our miners (XME) and precious metals are still strong
Bonds are getting blasted.
QQQ is starting to carve out a base but expect more volatility first.
Bitcoin is right near $42,000. As we said, volume profile is the key indicator.
Remember, trading one asset class is trading blind.
On a serious down day (>2%), we like:
GSG, HYG at (5.5% yield), EWZ, QQQ, TGT, WMT and Bitcoin
Our February chart is still important today
The relative rotation graph. Learn it.
Brazil has potential for a long-term breakout. Commodity play
GSG: Vol fell off and it is looking tight. Bullish on this still.
Bitcoin @ $42,000
Return always wants its risk payment.
For entertainment only. Not Investment Advice.