Will we break up or down here?

Tight range for 2 months really . It’s very rare to break down when we go sideways at the top for this long . It’s the old saying “bears had the opportunity to crack it hard and couldn’t”.They pile in licking their chops and get smoked. We shall see if this time different.

 

your message is not precise / not true at all.


dax is not in the tight range.
It has been breaking record high.
And it will most likely continue to break record high again.

India market is doing extremely well.
Despite the covid crisis, India Nifty has been breaking record high.

similarly, crude oil is not in the tight range.
It has been going up since Nov 2020

the same goes for corn, soya, wheat, lean hog, cattle, coffee etc etc

 

Tapering and IR hike coming up here brother. Don't lose sight of the fact that this whole market is supported by hundreds of billions of QE dollars.
NY Fed says it will begin to sell corporate bond ETFs on June 7
https://mobile.reuters.com/article/amp/idUSKCN2DF1I1

 

This is a us stock board started over 20 yrs ago . Nobody gives a damm about the Indian mkt or Dax or soybeans. Lol

 

The true champ is Pakistani Stock Exchange:

https://www.google.com/amp/s/www.parhlo.com/pakistan-stocks-performs-well/amp/

One ring to rule them all.

 

Up lol. Told yall to GET LONG!!!!

 

US indexes actually only moderately bullish all year ( mixed sectors ); commodity space is best area still leading to TSX breaking 20.000. I like WTI to go to $72 on Monday ( a guess ), and my secondary breakout trade would be Silver ( that one needs to develop ). Gold and Copper miners are range bound; Copper miners are tradable in the range. There are a lot of opportunities in juniors and mid caps in these rallies.

 

%%
QQQ is still uptrending nice;
mondays can go down easy/ but not a prediction......................................................

 

Man, I dunno, all my accounts are green as far as the eyes can see.

 

As of yesterday, performance of the indexes in 2021 : TSX 15.33%, SPX 11.63%, QQQ 5.63%.
TSX capped energy index up 52.9% in 2021 ( juniors and mid caps did better then the capped index ). Basically all year energy has been the best area to be in and IT and some other growth areas the worst. Since October, I have traded numerous mid cap stocks that more then tripled in price, and one junior up more then 500%.

I'm surprised how few people have been trading energy. In fact, it was reported today that many fund managers have been so underweight energy it's making their relative performance look bad.