Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 55.38

-1.2%

Jan 14 4:00 PM EST

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To: #Breeze who wrote (163514)	11/19/2021 9:34:00 AM
From: robert b furman	Read Replies (1) of 207821

Good Morning Breeze, S&P closing high, with aydis at -7.3? Offsets look good for next week and that may be the kiss of 75. I wonder if Aydis gets a marginal new low (-9ish) after Thanksgiving. A retrace back to your upper channel line ( a iv). Then a Christmas rally into the New Year - a terminal v of V. This infrastructure vote (more social entitlements) carries a big tax rate change for almost everyone. Bigger taxes for the new year, would or should trigger a lot of year end selling. Politics shouldn't matter until they change taxes! Hard to envision a recession with most things low on inventory. I wonder how big the port back ups are. Will they be the pig in the python and give us a recession when they all hit the shelves? Bob

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