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07/11/23 11:25 PM

#5185 RE: RCKS #5183

Been waiting for our Inverted yield curve ...

to produce what it's famous for -- being a reputable forward indicator of a significant stock market decline. The current inverted yield curve is a whopper but nothing's happened ... yet.

The tone of the news I've been reading is changing: Just read, "Expectations are for earnings to decline for a third straight quarter. Consensus estimates project a decline of about 7% in earnings per share among S&P 500 companies compared to the same quarter last year, which would mark the steepest decline since 2020, per UBS."


07/13/23 9:40 AM

#5190 RE: RCKS #5183

" it's about "do or die" time for the bears. Trade safe."

"So far, nothing much seems to be going for bears, as every decline is bought like it's still 2020 and the market is expecting massive inflation from all the "stimulus." On Monday, I noted that there was not yet a confirmative impulsive decline, and the market never formed one (and apparently never will again lol).

NYA continues to edge toward its key zone:"

"COMPQ is still in "back-test" territory"

"And SPX is adding that "next wave up." Whether it will end there or if that will only end up being the midpoint on a larger bull(ish) wave remains to be seen:"

"In conclusion, still watching NYA as the most significant of the current hurdles, so it's about "do or die" time for the bears. Trade safe."