shawnsyx68

shawnsyx68

This one has a long ways to go. I will take LT bonds over SPY for the time being

shawnsyx68

This could be forming a H&S bottom. Zero talk about it. Could reflation move be peaking? Are we in a recession or soon to be?

shawnsyx68

Watch for a break of this wedge to the upside. 12-18 month target 30+

shawnsyx68

I would buy 2 yr treasury notes. If yields rise past 5% then stocks are screwed.

shawnsyx68

At this point bonds are telling you the FED has messed up and not gone high enough with rates. Conditions are too easy. If they actually raise, which they should, stocks get hammered. Major Bearish RSI divergence setting up.

shawnsyx68

I dare the fed to start cutting rates. M2 is also turning up. Another sign of economic strength returning. What reason is there for cutting rates other than 34T ind gov't debt

shawnsyx68

Most beaten up sector out there. Could see a dash for trash through year end from PM's looking for some alpha during ill-liquid days

shawnsyx68

The odds are that the beaten up economically sensitive small cap sector is closer to bottoming out and provides a much higher return potential over next 1-3 years than Large Cap Tech.

shawnsyx68

I would say I would rather be an owner of IWC over QQQ. This could get ugly for QQQ if IWC breaks lower.

shawnsyx68

Look at the bearish RSI divergence. We could have put in a short-term top and are also getting a key reversal price action.

shawnsyx68

Everyone is bearish. Very oversold and sitting on major support. Could rally 5-7% pretty easy.

shawnsyx68

As long as the curve remains inverted stocks have a tail wind. It's the normalization that will crush stocks

shawnsyx68

See comments in chart. QQQ is a sell on outright basis and vs IWM long if you want to do a spread trade. Long IWM vs Short QQQ

shawnsyx68

If rates stay competative vs stocks yields, what will investors do with an overvalued market?

shawnsyx68

Looks like a very critical point for semi's right here. Failure is not an option.

shawnsyx68

From failed moves come fast moves in opposite direction. As financials go, so go the rest of the market....eventually

shawnsyx68

Should this be a high conviction short? I don't think so, could see a face ripper pretty soon.

shawnsyx68

If so, then dollar is due for some serious mean reversion. STocks are in trouble if that's the case.