Most bank analyst are lagging indicators. Mike Wilson of JPM was bearish into the beginning of 2024. He completely missed the nVidia & AI investment cycle. Then he turned bullish right before it tanked. Value PMs I listen to are always bearish. They constantly want a crash so they can buy stocks at deep discounts. Every other time they believe the markets are overpriced. That is the reason they always recommend non-US markets for investment. This is the first time they have been right about diversifying outside of the US. Ironically Europe is mainly doing well because Trump forced them to invest in their own country instead of relying on daddy US to it all for them. Germany & Spain have done the best.
Tom DeMark is considered to be one of the top TA gurus in the business. His "Power of 9" indicator had the best performance from 100s of others in a WealthLab backtest that I ran some years ago before it was sold. Edit: I do not follow him or use any of his stuff, but I know people who swear by his teachings especially the Power of 9.
and obviously with 26,000 post and only 3,200 likes no one gives a flying fuck about anything you have to say about anything, right?
His indicators, which I've used since the '90's, are called TD Setup9 and TD Sequential13 - and they are trademarked. Power of 9 someone else coined because of the trademarks. But yes he is one of the top ones.
If this guy is right I will be in absolute awe....I give it maybe a 5-10% chance....only because I'm not confident the tariff war is more likely to be over and settled ..I just can't see 145% tariffs and a trade war with China going any further out than the next 30 to 45 days. Also aside from the tariffs what could cause a drop of 20% or more if that fear and uncertainty is entirely moved from the markets??
@S2007S obviously with 26,000 post and only 3,200 likes no one gives a flying fuck about anything you have to say about anything, right?
There will be a test of the previous low that has been made since Jan. Then a huge bullish move. No recession. No China or any other country winning the tariff war. The USA will win all the trade wars. Yes, we will negotiate to what we consider fair. It will be on our terms regardless of how others spin it. People simply don't understand Trump. He put very high tariffs "shock and awe" strategy to shake the pot up and bring countries to the negotiating table. He has ALWAYS from the beginning, been willing to negotiate but he had to have a mechanism to force these countries who have been ripping us off, something to shake them up making them willing to negociate. It is NOT the end of the world. There will be no depression. No big recession. No crash. The test of the previous may stop before reaching it then followed by a big bull push up. Big time! Or the test may go down to the low of even a bit below that low then will likely be followed by a huge turn around and a grand bull breaking all record highs. Why can't people understand that bullish institutions have been loading up on this slide down? Buying up while investors and some scared hedge funds are dumping. I would not pay attention to the news that some institutions are putting out. They will scare more and more out of their positions then they will reverse the market quickly. Remember the USA IS winning the tariff war and WILL CONTINUE winning it. China cannot win. However China has to try and save face so they will make out like they won. EUROPE cannot win. Canada and Mexico cannot win. Central and South America CANNOT win. Every last one of them WILL negotiate BETTER terms for us and in our favor than the present ones. It is laughable but to save face they will claim Trump back pedaled and caved in not realizing his plan all along was TO NEGOCIATE better terms for us AND HE WILL ACCOMPLISHED THAT! PERIOD! HANG ONTO YOUR HAT BOYS WHILE HE MAGA.
No matter where you go on the forum you'll find a delusional one. Meanwhile I think there is a good chance for at least a pullback, maybe a lot more than that, because volume is not confirming the move off the early April swing low:- Current swing's average volume is only 95.6% of the prior swing's down average. It is also "just" 50.6% of prior up swing. Although the prior upswing was just that one monster green candle on April 9th. So I looked at comparison of the whole swing April7th-May 2nd vs prior swing down and it still comes up short 87.3% of the prior avg volume.