The Trend Is Your Friend

RieslingHawk
2022-02-26

Sometimes when certain people states that the bull market can't go on any longer, they tend to receive counter arguments stating that the market just rebounded, very very strongly since the Russia Ukraine War started.

Well, look at where we are at now relatively to the highs in December 2022. Do not be fooled by the short term rebound, or more commonly known as dead cat bounce.

Technical Analsysi although not 100 % accurate, but the recent formation of lower highs and lower lows does signify that we are heading into a bear market very soon.

As always, take the advice you read from the Internet with a pinch of salt. At the end of the day, it's your money and you should be responsible for whatever actions you take.

Quote of the day: "never ever go against the trend." 


$SPDR S&P 500 ETF Trust(SPY)$$NASDAQ(.IXIC)$$DJIA(.DJI)$$iShares Russell 2000 ETF(IWM)$


💰Stocks to watch today?(13 Feb)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • 25355f8c
    2022-03-31
    25355f8c
    Great insight
  • Sujan pun
    2022-04-18
    Sujan pun

    Interesting 

  • RieslingHawk
    2022-05-15
    RieslingHawk

    别和美联储作对,这次买股票不会起作用的!


    就在上周,万能的牛市推手J·鲍威尔(J.Powell)表示,他不会保证在对抗通胀的过程中不会发生衰退。

  • RieslingHawk
    2022-05-06
    RieslingHawk
    How does catching the dead cat bounce feels?
  • superGu
    2022-06-28
    superGu
    Cool
  • FireCaller
    2022-06-25
    FireCaller
    see
Leave a comment
3