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[source: Vincent Cignarella, Bloomberg reporter]
"Consumer confidence is key to how people plan to spend... And as the chip shortage grows, expect the higher prices to begin showing up in products, which could dampen confidence and eventually stall consumer spending." https://cms.zerohedge.com/s3/files/inli ... k=pk-57du5
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The breakout if indeed, this time might be for real.
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Cobra wrote:The breakout if indeed, this time might be for real.
breakout or breakdown?
The same. Breakout on the downside.
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Target met, volume surge, might be a rebound here first then we'll see. Should be another leg down because it's a 100% measured move down meaning the down momentum still is strong despite it's the 2nd leg down.
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Re: that persistent seller of Treasurys over the past few months.
MS: “Since the start of the year, 85% of the cumulative decline in TY futures prices occurred in the overnight session, i.e., Japan is almost single-handedly responsible for the dump
“...we have good reason to believe the selling from Japan won't last... into April."
...That's because the fiscal year in Japan ends on March 31. "At that point, liquidation of non-yen bond holdings should stop, if not reverse at some point in the April-June quarter."
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For me, for a lot of this stuff, it is in-between Long and Short, on a swing trade basis. For these 8 asset classes, I have to be flat, at this time. Just following some signals ...
Charts posted are not recommendations. They are just a sharing of information.