Awesome Stocks

[gfp927z]

Bigworld, When the S+P 500 has dropped 20% (currently 16%), Rickards says that level will usually alter the Fed's decision making process. But this time, who knows, since inflation is running so hot. The Fed is severely boxed in and have little choice but to keep tightening and push the economy into recession. So it could be a prolonged bear market.

Fwiw, I'll probably just sit on the sidelines in cash and not get to clever with it. Rather than trying to profit from the bear (going short, trying to hedge in sectors like energy, commodities, etc), I figure not losing money will be a victory, and then in the aftermath one can go bargain hunting.


S+P 500 (SPX) --------- down 16% ---- (RSI - 34)
Dow 30 (DJIA) ---------- down 12% ---- (RSI - 38)
Nasdaq (COMPX) ----- down 27% ---- (RSI - 33)
Russell 2000 (IWM) --- down 27% ---- (RSI - 33)

Volatility Index ($VIX) ------------------- (RSI - 60)

Death Cross - Mar 14, 2022


https://investorshub.advfn.com/Chart-Patterns-and-TA-33164/


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