Question of the moment...will 4060 hold on the ES? If so, expect a bounce back up to around 4180.

I hear you Rex. I have a small position, so I can't get hurt. And those are 10 year horizon stocks for me.

Good question. Have not even looked at the market yet this morning. Will gingerly flip on FBN here in a minute as I cross my fingers.

we didn't get the big selloff at the close yesterday, but you might just get that one tonight or Monday. there are to many people in these ETF's, singles, doubles, and triple bangers and the options markets are very wild as well.

2021 Derby Day handle was $233 million
 

pay attention to that number, any drop in handle always signals a recession for the current year.

Market's corrupt like everything else.
Interest rate are raised a quarter and on the same day the Dow gains 1000.
Guidelines are out the window at every turn. Just about everything sucks!!!

juts an update
 

Churchill Downs set another handle record for Derby day...that indicator is pretty good and says no recession for 2022.

wanna see my trading account?

Another day, more carnage. I think the only thing that can save the market is if the Fed spooks themselves. They see the markets imploding with the interest rate hikes. At what point do they scare themselves and stop? I can see that happening.

The markets have done nothing but gone up for a LONG time (except for the COVID blip, and even then, it didn't last long).

Nothing says they can't go down for just as long as they've gone up...I know it's a frightening thought...but there could be years of a down/sideways market coming....years and years and years

A price needs to be paid for what happened during COVID...all that money spent...all those years of Fed manipulation...all this new money being spent on Ukraine...

it's not going to be fun

agree 100%

you couldn't be more right. the stocks that most people have that led the upswing are not going to be the stocks to lead the next bull market anyway. so selling yourself out is the right way to go.

the first downleg is S+P 3700

the next one is the lows of 2010

then you can go down to 2007

that's as far as got with this one, i hope i don't need to do anymore work on this.

the QQQ looks like its headed towards 281 for now. Gold looks like its going for $1788 now. they are selling everything.

you don't want to own anything right now

S&P was at 3225 before Covid started....it was a steady 12% for the past 6 years before

If we take the usual 12% gain for 2 years we get 4045

Now we are at 3991....


WE ARE NOW F$%^&D!!!!!