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Epic's Account Talk
- Thread starter Epic
- Start date
Epic
Well-known member
This should be fun to watch >>>>>>> https://www.reuters.com/technology/musk-discloses-92-stake-twitter-2022-04-04/
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Epic
Well-known member
As I jump around the interweb looking into what all the talking heads are chatting about concerning the Market, I've seen a couple spinning the Rumor-Mill about an unexpected additional rate hike from the Fed.
I'll assume this is pure speculation, but Jpow did say that he would utilize such an increase if the first .25 increase wasn't enough to slow inflation, and we all know how that's working out...... It still seems to be a runaway train.
Again.... it's just rumor and hearsay. It'll be interesting to see what they (the Fed) have to say "Officially" on it, if anything. I'll be in "Wait & See" mode. :ugh:
I'll assume this is pure speculation, but Jpow did say that he would utilize such an increase if the first .25 increase wasn't enough to slow inflation, and we all know how that's working out...... It still seems to be a runaway train.
Again.... it's just rumor and hearsay. It'll be interesting to see what they (the Fed) have to say "Officially" on it, if anything. I'll be in "Wait & See" mode. :ugh:
DreamboatAnnie
Well-known member
Here's news that came out earlier today that started the slide. They are talking about unwinding the balance sheet aggressively maybe starting in May. Also Fed minutes from last month get released tomorrow. I it contains news with detail on aggressive reductions, that might cause a further slide. That is why I thought about exiting today, but then didn't. Don't you just love how they speak after a meeting but tone down their discussion, and then minutes come out and it's a shock festival? Will see tomorrow. I also wonder of some of those details are already leaking out and that is why market us dropping so much.
https://finance.yahoo.com/news/fed-brainard-says-balance-sheet-184436482.html
https://finance.yahoo.com/news/fed-brainard-says-balance-sheet-184436482.html
Epic
Well-known member
Get ready for another "fun" day. 
I was surprised at the dump because most charting folks that I check in with were expecting S&P to get to around the 4700 level before the big crash. But with all the rumors and certain people using certain "buzz" words, it just freaked everyone out into a panic. I'm sure things will level out as they always do. (Eventually :nuts:)
Good Luck Everyone ! ! ! ! !
I was surprised at the dump because most charting folks that I check in with were expecting S&P to get to around the 4700 level before the big crash. But with all the rumors and certain people using certain "buzz" words, it just freaked everyone out into a panic. I'm sure things will level out as they always do. (Eventually :nuts:)
Good Luck Everyone ! ! ! ! !
Epic
Well-known member
I wish I had a better background and knowledge base on NAAIM to comment, but I don't. I'm not the guy to ask. I would say flalaw97 or coolhand would be the 2 that I would trust to answer that question.
Right now, things are still a bit too sketchy for my liking, although maybe next week might be an opportunity for some upside, but I would get out before Easter Weekend. :suspicious:
Right now, things are still a bit too sketchy for my liking, although maybe next week might be an opportunity for some upside, but I would get out before Easter Weekend. :suspicious:
Epic
Well-known member
Futures were stronger just over an hour ago, but they've seemed to have fallen off. This week we had a strong Monday and Tanked the rest of the week. Will it be a repeat next week?? Do we go up and fill the gap and then continue down?? I'm not much for buying into the weekend, so I'll stay put in G for now. We'll see what Monday brings. I have a laundry list of things I need to get done rather than dwell on this market today. Hopefully next week will present some better profitable opportunities to jump in. You just never know........
Epic
Well-known member
:notrust:
Epic
Well-known member
Just a helpful vid on how to better understand Stochastics. Very well explained if your not familiar with it, or even if you are.
Jake has a good channel. He's pretty successful at making money, but he's not a "Professional" broker or anything. Just an regular guy (Military) trying to make some money like the rest of us.
Take a look > > > > > > https://www.youtube.com/watch?v=BDF5eunudW0
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Jake has a good channel. He's pretty successful at making money, but he's not a "Professional" broker or anything. Just an regular guy (Military) trying to make some money like the rest of us.
Take a look > > > > > > https://www.youtube.com/watch?v=BDF5eunudW0
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Epic
Well-known member
WOW ....... what a nice day to be in yesterday !!!!!
So, it's Good Friday tomorrow. I honestly have no clue where things are headed and quite frankly have lost my enthusiasm for this market overall. As much as I try and keep a positive and optimistic outlook, the economy is tanking, and I have very little confidence of it getting any better any time soon.
I'm not even going to look at anything Market related until next week. I need a break. Time to have some FUN !!!
So, it's Good Friday tomorrow. I honestly have no clue where things are headed and quite frankly have lost my enthusiasm for this market overall. As much as I try and keep a positive and optimistic outlook, the economy is tanking, and I have very little confidence of it getting any better any time soon.
I'm not even going to look at anything Market related until next week. I need a break. Time to have some FUN !!!
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