No evidence of a market correction on the SPX. Further indicating that tech stocks will still continue to feel the pain and the 401k Portfolios invested in tech general stocks will still be hurting. I am in commodities for the time being since Jan 1st and that has been very profitable for almost 3 months now. But that is starting to change too and I have already sold some of my oil positions which did great. I also sold my Gold and Silver and will be buying them back when it gets cheaper.
For now this is a reminder that after interest rate hikes from the FEDS we are still in BEAR TERRITORY and I believe we will remain in bear territory for a while.
PS: Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, post or newsletter.
For now this is a reminder that after interest rate hikes from the FEDS we are still in BEAR TERRITORY and I believe we will remain in bear territory for a while.
PS: Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, post or newsletter.
