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Financial Select Sector (XLF) making new highs and probably on last leg of this cycle that propped the banks as well. Junks like VMUK recovered too. On that basis I don't believe MTRO can double from here when it can't perform in the window of sector strength. This stock is controlled by the likes of Cohen. GL.
Since my bitter exit from MTRO longs, I've been mainly trading US stocks due to Fed's injecting trillions of liquidity into the market. So much that this year is going to be the biggest bull run in the history of markets. We're talking Nasdaq 17k by end of this year. Any 10% dip is a must buy for me.
Then $GME happened. Retail saw the true colours of Point72 Steve Cohen and MM Citadel. The manipulation is shocking.
Made me think how Cohen benefited from MTRO value demise. All engineered. Odey is just a face that enjoys hate.
US retail 2m+ with avg $6k each fire power are on bear hunt. Option trading with nothing to lose attitude forcing hedge funds cover their short and significantly exit the markets. There is definitely also a big fish hunting these institutional shorts. Rumours are it could be Elon or Chamath. Rumours though.
UK on the other hand wouldn't get this momentum. In fact shorting UK markets is far safer than US or Asia IMO. But if HFs continue to liquidate their positions, it will be interesting to see if markets will spike in the UK. Even 5% spike will be enough to start retail FOMO momentum with lack of HF shorts.
Happy bear hunting.
Feds will continue to provide liquidity, too many dollars chasing the assets is bound to push equities higher and higher. Anyone shorting the US markets is basically fighting trillions injected on weekly basis.
Maybe a big 5-15% big correction this month, Feds will inject more to push inflation higher and we have a major bull rally.
My NQ target is 15k-18k this year.
Good luck
We had a bet on Nasdaq at price range 10k - 10.5k. You said we will see 9k first, I said we will see 13k first. $NQ went straight to 13k with few MAE after few consolidation weeks.
I don't remember the exact details of the bet, but I won I believe. I don't expect you to honour it.
Thomas Cook all over again.
Get out.
My position: short
GLA
there are still few left till the final pop this year next year.
as long $DXY keeps going down, stocks, metals, energy and coffee etc will continue to rise.
I missed out on Crude this morning, but I've been holding natural gas and metals based on this theory. I'm now in Microsoft to $230 and Boeing to $190. Shorted Wayfair (US) based on expected losses, results were bad but still going up. Got burnt. This is the strength of US markets that even bad results don't faze them. All the signs of major bubble burst.
GL
The0, my call was early but not wrong when I said MTRO will drop with the sector. Every stock has a character. MTRO consolidates then moves big. It dropped in May.
I'm not looking for re-entry in this VIP club. I'm just trolling. Wouldn't be back for another month or two.
came to gauge sentiment here. Not much has changed.
matlot still licking his lips (YUM!)
bigsmoke still optimistic (admirable)
CUD still bipolar
The0 still a cuck
I was holding, I'm now out. I'll buy tomorrow post results crash. Reason: MTRO always crashes with high volatility on results day. I can't imagine MTRO results better than Barclays.
GLA
becoming predictable.
Buy UK close, sell US open. Rinse repeat.
Alwaysone
you can tell a story by looking at the chart patterns. The patterns shows market psychology. You see big red angry candle, you know it means emotional selling etc. That's generally good time to buy.
Combine fundamentals with price action and you've a winner.
P.S. I'm holding with avg 77p. Not trolling here.
today, third red soldier candle is forming. So further downside tomorrow.
Should bounce off the support somewhere 120-130.