SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: #Breeze who wrote (15197)1/22/2023 12:01:12 PM
From: Kirk ©2 Recommendations

Recommended By
Return to Sender
Sr K

  Read Replies (1) | Respond to of 26408
 
Thanks.

Loads of indicators have run out of gas and I have a possible turn time agreeing with your eWave... CPC, CLX, II, AAII, Fear n Greed, etc...

LT sentiment indicators (such as fund flows and State Street for example) are still quite bearish so it wouldn't surprise me if this expected decline isn't low enough to hit any of my fat pitch buy orders...

My guess is the "story" will be debt limit.




To: #Breeze who wrote (15197)1/23/2023 11:17:42 AM
From: Kirk ©  Read Replies (3) | Respond to of 26408
 
The market seems to be either
  • ignoring the general belief that it is overbought and is due for a correction
  • is having a post expiration adjustment before going lower.

But this chart sure doesn't look bearish with today's breakout of the resistance line that is over a year old!