DOW: Be Careful Longing Here...
Investors must remain extremely careful and avoid investing in equities right now unless you are betting on pre-earning plays or huge momentum stocks like Tesla.
Until there is at-least some form of slowing in the coronavirus, or at-least minor containment, all you will be seeing are dead cat bounces (which happened twice last week alone). If you long equities prior to some form of containment, you are purely speculating and gambling and taking on huge risks.
With Gold and Silver likely entering their final days of pullbacks for liquidity and set to surge higher, this will likely be on the downfall of the broader market.
Another thing to note are major stocks that were loved such as Apple appear to show signs of weakness and rolling over: it appears 'good earnings' cannot be the savoir in this environment.
Be careful here. This will not be an epic and indefinite short if it happens like I believe it will. There will be several bounces along the way, however, the trend appears to be quite bearish until late March.
- zSplit
Until there is at-least some form of slowing in the coronavirus, or at-least minor containment, all you will be seeing are dead cat bounces (which happened twice last week alone). If you long equities prior to some form of containment, you are purely speculating and gambling and taking on huge risks.
With Gold and Silver likely entering their final days of pullbacks for liquidity and set to surge higher, this will likely be on the downfall of the broader market.
Another thing to note are major stocks that were loved such as Apple appear to show signs of weakness and rolling over: it appears 'good earnings' cannot be the savoir in this environment.
Be careful here. This will not be an epic and indefinite short if it happens like I believe it will. There will be several bounces along the way, however, the trend appears to be quite bearish until late March.
- zSplit
