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* Assuming one chooses to ignore 2000-02 and 2008.
$NDX $QQQ
More than 85% of Nasdaq 100 $NDX $QQQ stocks are now in a correction.
This is a level of wipeout that has led to a rebound 100% of the time.*
* Assuming one chooses to ignore 2000-02 and 2008.
Catching all of the down move and then warning clients not to short into the hole (200D/50W). 🤑
Also calling yday’s action a bear trap. 💃
#PerformanceChasing
#OutliersRevert
Worst start to a year...ever. $SPX
Solid analysis (read: cheat sheet) for today’s FOMC preview. Any deviation however …
quick FOMC preview for tmrw:
with Feb Fed Funds pricing at 0.09% vs spot at 0.08%, the market odds for a hike tmrw are basically zero
assuming rates stay unchanged, there will likely be 3 things in focus:
1) March meeting
2) QT schedule
3) guidance for rest of 2022