The Top of the market is Looming?

[qldfrog]

Yes, not out of the wood yet:
Nice channel down if you want to read it that way so down again by tuesday?

 

[Dona Ferentes]

Yes, not out of the wood yet:

 

[Dark1975]

So as expected, Senate passed stimulas 6hrs ago ,
Good short term trade for myself as I bought in Thursday / Friday
Expect the euphoria ( last sugar hit ) to flow green days on the Dow and Xao Monday /Tuesday altho markets have some what factored this in.
Tho the last piece of the puzzle for me,
Will this be our last surge ?
Will the Fed buy a new printer ? ??
The printer will be going brrrrrrr

 

[againsthegrain]

So as expected, Senate passed stimulas 6hrs ago ,
Good short term trade for myself as I bought in Thursday / Friday
Expect the euphoria ( last sugar hit ) to flow green days on the Dow and Xao Monday /Tuesday altho markets have some what factored this in.
Tho the last piece of the puzzle for me,
Will this be our last surge ?
Will the Fed buy a new printer ? ??
The printer will be going brrrrrrr

If there is a ink shortage a new printer might not help

 

[Dark1975]

Just keep printing , its all good ?
Usd looks good ?
some humour gif required

 

[Smurf1976]

Will this be our last surge ?

It plausibly will get the market to the big round number (4000) for the S&P500.

What happens at that point will be telling in my view - I'm expecting a lot of profit taking once it's hit but time will tell, probably in the near future.

 

[basilio]

It plausibly will get the market to the big round number (4000) for the S&P500.

What happens at that point will be telling in my view - I'm expecting a lot of profit taking once it's hit but time will tell, probably in the near future.

Who wants to be last out of the door ?

IMV dramatic flash falls are far more likely to happen than some general easing.

 

[Dark1975]

It plausibly will get the market to the big round number (4000) for the S&P500.

What happens at that point will be telling in my view - I'm expecting a lot of profit taking once it's hit but time will tell, probably in the near future.

Sorry for the late reply
I didn't even see the post sorry ?
I like to miss a few days out of the forums as judgement can get clouded by other views,
I find stepping back for a couple days at a time gives me a clear perspective.

But in regards to your question?
I still feel the same about way that we have now clear indicators that we gave approached the top of the markets.
If you look @ spacs / tesla and bitcoin there is massive one day drops followed by recovery,
Volality is high,
Look at btc for e.g it dropped 10% in 6hrs on Thursday morning trade and now slowly recovering,
Looking at Tesla for e.g is the same scenario,
The stocks that made the largest gains in the bull run will be the lead indicators of a down turn in the market.
Is this the last surge ? I wish i had a crystal ball
Tho my personal view is that there will be a few more last pushes before confidence/euphoria eroad away.

So my own view is that the bull run has now finished and we will start in a new downtrend accending over 2- 3 months until the Fed/IMf step in.

But good time for swing trading / day trading As high volatility during trade is easy chops.

Pls note : this is not financial advice, Pls DYOR

 

[SirRumpole]

Everything is so expensive at the moment.

Shares, property , commodities are all at record levels.

Question is , what is cheap now but likely to be expensive later ?

Any ideas ?

 

[basilio]

Everything is so expensive at the moment.

Shares, property , commodities are all at record levels.

Question is , what is cheap now but likely to be expensive later ?

Any ideas ?

No debt ? own house ?

I have to say with COVID still trashing its way through Europe India and many other countries and exceptionally dangerous politicial situations around Russia and China the "strength" of stock markets seems like a mirage.

On a bigger picture I also fear that markets are on a hair trigger. In effect AI systems are ready to sell down in a blink if the situation turns south and there simply won't be the opportunity to take profits and go.

Just my opinion..

 

[over9k]

Everything is so expensive at the moment.

Shares, property , commodities are all at record levels.

Question is , what is cheap now but likely to be expensive later ?

Any ideas ?

80ish years after a baby boom, you have a death boom

 

[SirRumpole]

80ish years after a baby boom, you have a death boom

Funeral homes eh ?

 

[Garpal Gumnut]

Funeral homes eh ?

Aldi sell cardboard coffins.

If Covid gets worse it will be "Bring out yer dead" time again.

Funeral homes are not on my buy list.

We are just about to hit peak boomer cark so it's all downhill for nursing homes, funeral parlours and ..... boomers.

gg

 

[bsnews]

80ish years after a baby boom, you have a death boom

The funeral sector has became very competitive with the smaller players able to play well against the larger well established business.

Gold and silver still look the best of the best ATM in my humble opinion.

 

[over9k]

Jokes aside, WGO and THO were absolutely screaming before the pandemic as 60 years after a baby boom you have a caravan et al boom.

They're still up, but it'll be interesting to see how much time has been robbed from that particular market. Same actually goes for healthcare/drug companies.

 

[pozindustrial]

Everything is so expensive at the moment.

Shares, property , commodities are all at record levels.

Question is , what is cheap now but likely to be expensive later ?

Any ideas ?

I am a relative newbie TBH, but I have a plan.
By looking at the US market overnight, if there is a crash there we will most likely get it the next day like last Tuesday. If you keep cash available you can invest in BBOZ at the start of the market opening and make a killing as it heads south. Sell out again at the end and buy all the stocks that have become cheap.

 

[Garpal Gumnut]

Jokes aside, WGO and THO were absolutely screaming before the pandemic as 60 years after a baby boom you have a caravan et al boom.

They're still up, but it'll be interesting to see how much time has been robbed from that particular market. Same actually goes for healthcare/drug companies.

The oldest boomers are now 75 and the youngest 57 on most estimates. Peak boomer approaches and a few more pandemics may involve the young sacrificing the elderly to the inevitability of death.

Of note is the indifference of many youth worldwide to follow Covid directions which is their choice and one which I don't necessarily wish to argue.

I believe the spend by boomers is over-estimated in its duration as many of the later boomers were caught by government measures to "make them pay for their keep" by super and pension crackdowns. Many of the older ones avoided this, but they will die sooner.

I have met many of our city Aussie RV boomers in North and Western Queensland and the NT and they are not big spenders and owe much of their wealth to over inflated house prices. So on paper wealthy, spendthrift by nature or necessity.

Like much we take for granted as panning out in the future, boomers are not a golden egg and will just fizzle out as have all previous generations.

gg

 

[Garpal Gumnut]

I am a relative newbie TBH, but I have a plan.
By looking at the US market overnight, if there is a crash there we will most likely get it the next day like last Tuesday. If you keep cash available you can invest in BBOZ at the start of the market opening and make a killing as it heads south. Sell out again at the end and buy all the stocks that have become cheap.

It sounds like a plan but may cost you the lot if the market swings back suddenly as it often does.

BBOZ is not a security with which I am familiar but on a cursory glance it will not guarantee you a profit in your scenario.

gg

 

[pozindustrial]

It sounds like a plan but may cost you the lot if the market swings back suddenly as it often does.

BBOZ is not a security with which I am familiar but on a cursory glance it will not guarantee you a profit in your scenario.

gg

Great to hear an opinion thanks. I have tested it and broken even because of not watching it as you said. It is a work in progress and I am willing to wait for the strong downturns whenI believe it will be hard to beat. It is not for smaller fluctuations just for when the US dives the night before.

 

[over9k]

Yes AU follows USA quite closely. U.S futures are good to eyeball late in the afternoon if you're thinking about selling off on a cheeky day trade