My rule which I have attempted to beat into people’s heads, but very few ever understand it –
ALL stocks (and markets) are SHIT – they are here for us for buying and for SELLING only – you need to have ZERO emotion in this business.
All of these things – individual stocks and markets – are just symbols to me, NO EMOTION. In Nov 2020 I did a post about my belief of a multi-year top and a major (at least 50% and likely 80%+) downtrends which are coming to AT LEAST two of the FAAMNG stocks, (the “N” is for netflix stock symbol) plus tesla stock so FAAMNGT basically, very awkward – they are the biggest stocks in the world facebook amzn aapl microsoft netflix google tesla. At least 2 of those stocks but very likely most of them.
We have been forming a major top in the full market for 14 months. Most stocks are DOWN from Feb 2021. That includes amzn nflx fb. But msft goog aapl are so big that they held up the market. We are going much lower but that is down the road, still more range trading for months. I do not short stocks. The groups to focus on for buying are commodity-related, as I have been saying since last summer, my oil posts are on the front page. In Nov ’21 and again in February ’22 – BEFORE the Ukraine “invasion” – I wrote posts stating oil is going to and thru $100 oil.
I was early (too early?) in calling a major top in nflx – 1st chart – (which went on to do a TERMINAL UPTRUST) but that thing is completely finished. Many more of these stocks will see the same outcome – as have a whole host of big stocks already done since the major top in most stocks, but the majority of the big index moving stocks have not (yet) fully broken. In Feb 2021, which I warned about at the time, that was the full top for most stocks, more on this later:
November 2020:
4/20/2022
Leave a Reply