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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Jacob Snyder who wrote (50468)2/4/2022 4:05:38 PM
From: Jacob Snyder2 Recommendations

Recommended By
ajtj99
Sun Tzu

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QQQ looks to close right at yesterday’s high, and just below the 200dsma. Whatever boost the mega-caps were going to get from reporting, is done. Now, it’s all macro, specifically Fed. I cannot think of any good macro news to expect. I can think of a list of likely bad news. So, at best, stocks go sideways with more volatility. Another leg down is the other possibility. A big move up seems very unlikely.

I will continue to be bearish on the market, especially hi-PE stocks, as long as interest rates continue up.

Shorted more QQQ at 360.
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