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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (63644)	6/24/2022 11:28:39 AM
From: Jacob Snyder	1 Recommendation Recommended By ajtj99 Respond to of 98891

XBI: I don’t like the way it is down today, when the market is up strongly. Everything else I own is up 2-4% today. XBI is 20% above recent lows, with no important news I could find, so the move is just sentiment and volatility. As you say, it is at a ma that has been resistance for a while. And there’s this: Message 33866241. Since Fed Funds is headed to 3-4%, with a trillion of QT in the next 12 months, I doubt XBI sees a lasting rally soon. So I sold my entire position, at a profit. Probably back in when we retest the May-June lows at $62. Since I am now estimating a higher probability of recession, I will be more aggressively selling, and less aggressively buying. Looking for other things to sell into this rally.