In this case, I'll share my notes with a follow up of how the main themes played out. Then, I'll map out a plan for this coming week.over 74 looks like a confirmed double bottom-that will spur some consumer discretionary stocks esp. those based on my vanity tradeHence, spending and stimulus are happening as if we were in a deep recession. We are not. This is a slowdown from some overzealousness and thus, both spending and stimulating could be quite inflationary.
What would support a more inflation narrative now, is if silver begins to outperform gold. That is yet to happen.Copper looks resilient.Bitcoin indeed looks as though it bottomed end the week close to 60k.TAN seems to have bottomed, taking out the lows from early August this past week and then rallying to close near the highs of the day.The TAN: SPY performance is basically on par. TAN is back above the July 6-month calendar range low.
Perhaps my boldest call as so many doom and gloomers surfaced about the plight of the consumer while I touted no recession and the vanity trade.It looks good; however, we would like to see XRT change phase back to bullish. And we would like to see XRT outperform the SPY while momentum increases.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »