Lions, again we are in a situation where this market needs a pullback. If/When we will get one is anyone’s guess in this environment.
The stock market has not had any kind of normal pullback/correction in a LONG while, and honestly nothing would make me happier than to see we get one.
Pullbacks/corrections ARE BULLISH.
I would be on the watch for a pullback here however, because nothing makes sense anymore with the Fed. literally running the show, IF/WHEN we get a normal pullback is again anyone’s guess…
GM
Maybe it's only me, but a lot of the stocks that I follow and trade are down big. Examples:
EV Sector is down about 40% in average (NIO, TSLA, AYRO, FSR)
Semiconductor is down about 20% (QCOM, AMD)
Marijuana Sector is down in average 50% (TLRY, APHA, CRON, CGC)
Some Chinese Tech stocks are down in average 30% (BIDU, BABA, TCEHY)
DISCA is down 60%
And I'm talking about this year highs.
I thought this was the pullback or in what sectors indexes would this pullback would be wanted/expected?
thats the prolem, no one knows, and the manipulation going on right now still has plenty of steam...