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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: ajtj99 who wrote (74128)11/21/2022 10:41:01 PM
From: Lee Lichterman III2 Recommendations

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ajtj99
towerdog

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I'm still not seeing it around here. Auction prices are still high, restaurants are packed, help wanted signs everywhere.
Market looks stuck and confused. Today was still defense. SPYV down less than SPYG. Consumer staples, UTEs strong. Discretionary and tech weak. One thing I noticed that had me scratching my head was XLRE has been strong the last few weeks. Real estate is getting slammed. Rates are high and I read that 37% of Realtors can't even pay their office rent.

I saw this and am not sure if it's bullish or bearish.

CTAs are generally just trend followers but they didn't chase up in July/August. If they're already long, who else buys to push it up more or will they just keep adding? If they need to sell, does that mean the next drop will be faster?
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