32 Comments
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Aj's avatar

I suspect that all of the stonk market gains from today will be given back by next week. Today is merely a dead cat bounce. Hedge accordingly.

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Gregory Mannarino's avatar

Ok.. I am not saying you are wrong- keep your eyes on this level.

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P James's avatar

THank you Greg! So appreciate you keeping us in the loop

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robert stiles's avatar

This is just a number already reached as the Fed has rigged the market since March 1 2020 (yes, under Drumpf}. Charles Nenner has called for a 5000 Dow. Lets see if that will hold. As Gregory always says "This is one big shit show".

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Gregory Mannarino's avatar

His number is not far off at all. In a full on debt market meltdown DOW 5000 can happen.

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John Corbit's avatar

Thanks very much, Greg!

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chris kennedy's avatar

Thank you Greg!

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OOTB Jerry's avatar

thanks Greg

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Mike's avatar

😎

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Daniel Atkins's avatar

thanks for the heads up. watching like a hawk

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paul neve's avatar

What we need is a follow through rally on Monday

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Gregory Mannarino's avatar

Actually I am glad that you brought that up.. I will talk about this in my post market wrap up. ; )

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paul neve's avatar

Thank you I look forward to your post market wrap up later

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Aj's avatar

It won’t make a difference. On 2/24/22 and on 2/25/22, stonks had a nice bump only to give it all back the following week. The trajectory is clear as the Fed will sacrifice the rigged stonk market to create demand destruction to fight inflation in the near term. Sentiment remains bearish until further notice. Hedge accordingly.

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Ed Karol's avatar

Thanks!

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Sue's avatar

Thanks for the intel 🦁

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NAOUM HALAMOUTIS's avatar

Thanks Boss

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Paula's avatar

Thankyou.

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freerotator.com/mr/?u=ezscott's avatar

They say sell in May and Go Away. I made a huge mistake, should have sold everything I have in April. Shame on me.

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Aj's avatar

You should have sold in late December and gone away.

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freerotator.com/mr/?u=ezscott's avatar

Actually Aug has been the highest peak for me. I should have gone away then and popped back in the market Now end of May.

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Aj's avatar

Because late December, 2021 was pretty much the peak for the Dow, S&P as well as Nasdaq. Oh well, hindsight is 20/20.

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freerotator.com/mr/?u=ezscott's avatar

Yes I see. Would be nice to just buy the Grand Canyon dips and conserve dry powder until peak selling times... Time travel market buyer!

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EddieTheta777's avatar

Thanks Greg for all you do. I remember you warn in us of Tech in December but all HODLERS tech complaining for ignoring that. We’re at risky part of market but you also warned us too.

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freerotator.com/mr/?u=ezscott's avatar

So does SP500 3837.25 mean the Fed has made or is going to make a pivot?

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