Dead Cat or Tiger?
2024 ж. 16 Мам.
5 340 Рет қаралды
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Thanks, Peter. Appreciate the perspective. Good trading.
Makes sense, in line with my impression. I think that last week technology and offensive sectors indicated a different direction that might last for a while. Not likely that after one bad week/bad day things turn around so quickly given the necessary adaption to interest rates/inflation/FED. Down 5% to me doesn't fit the bill I'm looking for more time and price wise.
Great stuff!
As usual bottom line real tech analysis of the market. In complete agreement! Thanks!
What is the spot the 8 sits at? I didn’t hear what that is and can’t see it
Thanks for this video Peter. There might be something wrong with your mike, as it is very muffled and I have to read the transcript to understand what you are saying.
Was going to write the same thing, but it's just that audio is only on the left channel. The right is silent. I'm very hard of hearing out of my left ear, and have to reverse my headphones to hear when he makes videos like this. Peter, if you or someone on your team could look into this, that'd be great, thanks.
What does it mean that financials are showing strength? Do financials usually show strength in a bear market?
So if interest rates stay higher for longer until next year this time, won't market participants just get used to it and get back to trading? Thank you!
Is no one going to call Peter on the weekend update video? He went into this whole thing about how the market moves in odd numbers and he expected bearish follow through today. At best the market was weak. My faith in Peter has been shook.
What do you want to call him on? The market wasn't bullish. We had a great deal of short covering then retraced to 50% of the day's range. I was very happy to be flat longs and stay out of the market today while my bearish to neutral options simmer. Short covering should have been expected after the massive drop on Friday. Which is why tomorrow (odd day) may make more sense in looking for an actual reversal. But I personally am very skeptical of that happening before the big earnings and PCE numbers. It's a chop week. So my assessment is dead cat bounce based on short covering and then taking a long deep breath.
Dead Cat - give it time. This market has been pricing in rate cuts for about a year now and we will be getting no rate cuts any time soon. We should get at least a 10% correction from the highs.
On ES that would be 4801 which is almost exactly at the July 2023 peak. This does appear to be a key level. It's hard to see the market correcting that far down. Increasing credit defaults (highest since 2008) and sticker shock on items like cars may cool the economy down a bit. But if that happens we will almost certainly see a swift reaction by the fed to cut rates and this would make the market pop.
Feb 20th 4,975.51.gap.filled ....... new 52 week highs here we come
Health Care is NOT the 2nd largest sector.
I say Liger 🤣
You can make both AirPods work by changing settings to mono instead of stereo. On iPhone open “settings” scroll down to the 15th line, it should say “ accessibility”, open that and scroll down 19 lines to “audio/visual”, open that and more lines down you’ll see a switch for mono. Remember to click it back to stereo if you want stereo after this video.
that disappearing sector theory is true!!! i like the choice of informertialcontent. ty🥰