0

Slow Recovery (?)

PUBLISHED Sep 25, 2021, 6:24:54 PM        SHARE

img
imgTom Hamilton

Last Monday the bottom feel out and the NASDAQ Composite Index (chart below) dropped below my first level of Support at 14896. My general rule is to use the low of the bar that closes below that first level of support as my guide to hedge / close positions going forward . . . unless the volume of that day is very high (folks rushing toward the exit). This drop has been generally expected for weeks now and all it took was for the Chinese real estate developer Evergrande to rumor a series of loan defaults. That "lit the fuse". But notice that the volume was not excessive, a little above average (dashed blue line) but not up into the red line (average + 30%). In short, "orderly". At this time this just looks like a slow recovery, but make no mistake, this IS a different market than the previous 9 months. Time to keep an open mind about what this market is telling us. Take Care & Press On. .......... Tom .......... (more discussion at: www.special-risk.net )

I/we have a position in an asset mentioned



Sound investments
don't happen alone

Find your crew, build teams, compete in VS MODE, and identify investment trends in our evergrowing investment ecosystem. You aren't on an island anymore, and our community is here to help you make informed decisions in a complex world.

More Reads
Changing Mindsets: Stop Being the Gambler and Become the House
Image

Have you ever heard of the Sharpe Ratio? This little metric is the starting point to change how you think of risk

Mixed Signals
Image

State of the Market (IMHO)

Marijuana Stock and ETF'S
Image

A possible windfall or not?

Weekly Market Comment
Image

Strength of the market

So What Are Tootsie Rolls?
Image

Tootsie Rolls manufactured in the United States since 1907

Buying an Electric Vehicle? Here Is Some Advice.
Image

Why Are Tesla Electric Cars So Expensive 🤔

TL;DR GameStop recent Earnings Results
Image

Now that the dust has settled, how is our favorite meme stock doing?

Market Strength Comment
Image

a quick look at US stock market strength / weakness

If you own Tesla, get ready to cast your vote
Image

So how do you think we should vote on these proposals?

Getting By with a Little Help of the FED
Image

Graphic of sector strength for original article.

Investing Styles
Image

Which investing style do you use? Better yet, do you know why?

A "Line in the Sand"
Image

are we in Distribution or just a re-Accumulation structure?

Investing is About Empowerment, not Money
Image

Owning stock is about having your voice heard. Owning stock is more than just about the money. While most investors chase the money, they are blind to the reality that money isn't the real game in the Stock Market. It’s about power.

No plan survives first contact with the enemy
Image

Now is the perfect time for investors to re-evaluate their positions and consider updating their investment strategy for the remainder of the year.

The Cryptocurrency You Should Hold Forever
Image

These are the coins you should keep forever and the reasons why they are innovative

Resources for Publishers
Resources for New Investors
Boosted with BossCoin