Honestly, this situation makes me uneasy, especially with the potential depression, not just a recession. I'm not sure about my $130K investment strategy given the economic uncertainty.
I agree! That's why I work with one. My $520K portfolio is well-prepared for all market conditions, having grown 85% since early last year. My advisor and I are planning for this year too. In my opinion, financial advisors are among the most important professionals, just like doctors.
$557 = SPY, and the equivalent in ES is the Gamma Flip level, when we get a rally that would be a high targe. $548-$550 = SPY is the Gamma Support level.
Thanks Matt, could we Inject some chat on the Trump Trade with USD this week ?. SP500 at support, NQ Double bottom, bring on the bull retrace, looking for 50% Ret of the entire swing down.
@thomasc2680 YOU nailed that IWM prediction from a couple weeks back! I promise to never doubt you again brother!!!👍🏻 I only wish I had brought enough plutonium for the DeLoren with the “flux-capacitor”, to go back and let us know! Still waiting on the back order from AMZN!😂
@iSPY_Lunar brother, I was waiting for that target when IWM was back in the 160s! It took forever…. Unfortunately I had a loose stop on QQQs that took a chunk of my profits. I do expect a rebound and break of ATH, but I have to wait for a signal on QQQ. I’ll try the HOLP strategy, maybe on shorter time frame like 2 or 4 hour. But I expect XLF to go straight up from here. That’s my next bet, to around $45
@iSPY_Lunar slight change of plans. I think XLF and IWM go down next week. QQQs go straight to ATH. Then it will reverse. Market won’t let the top be easy. Divergences will continue to make heads spin. Waiting for confirmation of this playing out on Monday. I’m looking for XLF 41.30 to 40, IWM 214 -207, QQQ ATH. What a wild ride… I could be 1 million percent wrong. Looking for confirmation early Monday. DIA should get beat up too, 380s to 370s. Rotation before collapse, market building liquidity.
Thank you for the video! Quick clarification, wasn’t that Merck the pharma company in the Factset report? You said it was Amerihealth, which is a health insurance company. Which one is it?
Yes we are In a heavy buying area, but if it breaks the buyers have one more chance to take control, but we break that we are gonna be in a bear market, and I will start to look for a pullback before going lower. Gonna be a exciting week ahead, I was thinking the same thing but haven’t seen any mine else say this yet except you. Good video
🌿🌿When asked from the Buddha Why do people Blame me?? Buddha seh They will Blame who Talks too much, Talks Too Little and they will blame who is Silent. There is Noone in this World who is never Blamed. THEREFORE! Use The Criticism as Our Motivation!!!🌲🌲
@@TradeBrigade thank you! I was not sure because we did not break the neck line today. The overall trend points upward for sure but I was concerned about possible major downtrends this week.
I would watch to see if that rally/ possible breakout on F can continue,, it will show an aggressive rotation into them old school industrials and such..
Thank you Mathew, as always, great stuff! While you lean bullish, not table pounding but positive, I'm interested in how the Biden drop from re-election and the subsequent pleas for him to leave office will affect the markets? Tho I share your bullish bent, I worry that there are a lot of things that could go sideways quickly...maybe in the charts, maybe not? Grateful Mathew!
IWM scares me this week. I know this was posted before the Biden drop.out news, but feel like the casual investors are gonna get scared with more uncertainty and just sell off early to mid week this upcoming week 7/22-7/24
@@RJTradess Utilities and consumer staples have PE around 25. Pricey. The cheap stocks are financials, energy, and cyclicals. They get creamed in a recession if there is one coming.
@@willaerley7140 there’s many more undervalued names like Intel, Nike, Starbucks, Tesla still down from ath. Plenty of names people just love to chase the runners
Patient 🐻 is not impressed by this sell off. Looks like Opex manipulation. I even have a couple NVDA calls as a blow off top seems likely to me. Wish me luck.
@TB_Matt: Thanks for all the great content, education, and entertainment this week! As always, I appreciate. I’m going with “P” for patience on Monday morning, barring some giant gap in either direction pre-market! All 3 indices @ key levels, would suggest to wait and see…(curious to see if the buyers took a 5 day weekend, or left for Summer Break.) Plus, 🪄🎱 said “ask again later” like 3 times in a row, so it’s clearly not wanting to venture a prediction. 😂 Hope you got some boat time this weekend, cya bright & early Monday! 🚤💦
I think QQQ is finishing up the start of a rolling wave 4. Which means it will break the previous ATH, then break the low of this pullback. Then break the previous ATH again during its wave 5. Then, gtfo of QQQ for about a year. Or short it.
Meh… cmon bro… politics are important but not nearly as important as everything else - politics ride on top of the market, not the market on top of politics… if the market could go sideways forever, we wouldn’t even have a government