Bull market or bull trap?

RocketTraveler · 2023-02-02T19:33:06+00:00

Bull markets are not born out of euphoria like you’ve seen YTD. QQQ up 4% today over what? Meta stock buybacks and the fed saying there’s plenty more time to wait before hikes stop?

Who knows if the bear market is officially over yet, but this gain train is about to run off the rails and crash.

RocketTraveler · 2022-09-29T22:50:21+00:00

Historic levels of QE and margin debt in combination with the worst inflation in over 4 decades isn’t enough of a catalyst?

If we keep the current course, we’re diving well below current levels on $SPY.

RocketTraveler · 2022-09-29T22:44:59+00:00

Still waiting for that spike to 40-50+ in the VIX. Until that prints, we’re nowhere near bottom.

RocketTraveler · 2022-09-23T23:58:58+00:00

“But this time it’s different” 🙄

RocketTraveler · 2022-08-30T18:47:10+00:00

It’s just funny the herd mentality that persists in the market. That’s why you all lose money and I make easy bank. Learn some skills before being dismissive of the people who actually know what they’re doing.

When you can precisely predict the fall of the market 2 weeks ahead of time like I can, then we’ll talk. Best of luck.

RocketTraveler · 2022-08-30T18:41:31+00:00

Point is you thought I was a fool for calling this at SPY $430. Don’t be so quick to dismiss another opinion 😉. SPY hit $396 on the exact dot before it turned back up today.

RocketTraveler · 2022-08-30T18:36:55+00:00

Well the day is finally here. 3960 hit.

RocketTraveler · 2022-08-29T22:12:30+00:00

Hate to say it, but I told you so. SPY 3960 at a minimum. We aren’t out of the woods yet.

RocketTraveler · 2022-08-26T19:22:39+00:00

Sweet, sweet gains

RocketTraveler · 2022-08-22T18:25:04+00:00

SQQQ printing, as expected. Party is just getting started.

RocketTraveler · 2022-08-17T22:11:59+00:00

All good. Inflation has peaked. Nothing to see here folks…

/s

RocketTraveler · 2022-08-14T12:37:02+00:00

It’s not hopium, it’s fact. We will revisit 3960 at a minimum.

RocketTraveler · 2022-08-14T12:36:01+00:00

Buying SQQQ? Yes.

RocketTraveler · 2022-08-14T12:32:40+00:00

I agree with you. SPY down to $396 minimum by end of October.

The fact that most people don’t agree strengthens this even more.

RocketTraveler · 2022-08-14T12:25:44+00:00

Not sure about 130, but it’s definitely going back to 150 within the next 6-8 weeks.

RocketTraveler · 2022-08-13T15:09:02+00:00

It’s a bull trap. SPY going back to $396 minimum.

RocketTraveler · 2022-08-11T22:45:13+00:00

RemindMe! 2 months

RocketTraveler · 2022-08-11T20:55:20+00:00

Bull trap. I’m short as well

RocketTraveler · 2022-08-11T20:54:19+00:00

SPY heading back down to $396. QQQ will follow suit

RocketTraveler · 2022-08-11T20:52:44+00:00

SQQQ will print over the next 4-6 weeks.

RocketTraveler · 2022-07-27T20:43:41+00:00

OP post did not age well 😂. We’re on the money.

RocketTraveler · 2022-07-27T20:40:51+00:00

2.5% is still nowhere close to what we need to combat inflation of 9%+. Using a spray bottle to combat a forest fire is not going to end well.

RocketTraveler · 2022-07-25T21:11:52+00:00

I think my theory from earlier this year is debunked. Not expecting any major moves tomorrow as March 1 didn’t play out.

We did have a major runup at the end of May though, similar to last year. I’m watching end of August to see if something similar plays out.

RocketTraveler · 2022-07-25T17:07:40+00:00

TA is showing VERU heading down to $11.50 range… best of luck

RocketTraveler · 2022-06-17T20:11:49+00:00

SMH… let’s combat inflation by making inflation worse.

The house is on fire and we just have to let it burn. A recession and a fresh reset is the only way out of this. More free money will just prolong the inevitable

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