- Rank: 500
- Followers: 2
- Votes: 0
- Years Member: 0
- Last Update: 20 February 2021, 17:00
Stocks have been chopping around for a couple of weeks. Digesting gains after 50 day MA bounce. Interest rates are flying higher, people are already concerned about the fed unwinding. More risk than reward but not bearish until we break and close below 3694
Stocks bounced off the 50 day nicely and made new highs. No breakdown, not a lot of reason to be bearish right now but still lots of risk out there and high valuations. Many of the Mega Caps had blowout earnings but sold off. They lifted the markets and they may weigh them down. Feb is a historically bearish month, the virus is also spreading fast halting activity. The more we borrow, in the back of your mind you know needs to paid back out of the economy. Over the next 10 years commodities should do well.
Stocks are hitting the 50 day MA. The jig is up, market manipulation and excessive leverage have been exploited, amplified and exposed through recent events. Risks of regulation on leverage has increased greatly. The party had to end sometime. We just needed a "surprise" catalyst and this might be it... or it could keep making new highs!
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.