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

To: Jacob Snyder who wrote (74717)	12/14/2022 4:52:42 PM
From: The Ox	3 Recommendations Recommended By ajtj99 Clam digger towerdog Read Replies (1) \| Respond to of 97815

I would be more bearish if the dollar wasn't continuing it's slide. Likewise, TNX - 10-year rates are back to where they were in September. I'm not overly bullish and it's very likely we'll have another low in the major indexes down the road. The US equity markets may drift lower but I don't see how the data from the past couple of weeks can be considered overly bearish. Naturally, the FED's work isn't over with and they're not going to change their tune with inflation gauges showing continued pressure, even if these pressures are easing steadily over the past several months. Froth, or spikes up are being met with solid, steady selling. VIX has fallen substantially this week, since it's peak before the CPI. With the recession coming (or already here in some segments), hard to be overly bullish, to say the least. Maybe I've been wearing the bear suit for too long but I see no reason to be more pessimistic today than I was 2 or 3 months ago. Again I go back to looking at where the $DXY and TNX were in October. We're farther down the road, closer to the recession the FED insisted they were going to push us into. At the same time, a lot of fluff has come out of most equities.