QQQQ, SMH $ SPX view
QQQQ,
i'm not gonna try to figure it out, Q's indicators are long, daily stoch/macd, daily/weekly &nasi, $NAA50, all up. The 2 new upside signals are weekly stoch and weekly macd histos. Recommendation is long, as far as you can take it, maintain a loose sentiment.
SMH & SPX
I am long smh but my market sentiment is still bearish. Semiconductors are at lower trend lines or support levels and S&P has not broken out. S&P is the market gauge (for me) and SMH should lead the way. Neither one has broken out.
Fundimentals;
I believe markets rally at the end of fed tightening, if so, they last 3-6months then the bottom falls out. I also believe NABE GDP forecast of 4.5% is inflationary (i'm guessing). If all goes according to bull mentality, CarabeanJims market scenario will bear fruit, then the market crashes severely (from inflationary pressures)
