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Thanks for that detailed report, Pasta Boss. Most of the finance news and opinions I get is on Cobra's site. As noted, it is mostly about the charts for me.Al_Dente wrote:1/19 Ned Davis Research strategists trimmed the weighting of domestic stocks in their recommended portfolio and cut U.S equities to neutral.
1/19 Larry McDonald recently noted (The Bear Traps Report), the Nasdaq is facing major downside risk as he warns "contagion is moving upstream."
The probability of a Nasdaq - large cap - equity crash, say a 20-30% drawdown is very high. We know most of the Nasdaq has already crashed, we recently noted - 1300 stocks are off 50% or more. The Fed is digging in - tech stocks will be for sale until the Fed softens its stance
EVERYONE APPEARS BEARISH GOING INTO THE BIG OPEX TOMORROW:
1/19 Nomura's Charlie McElligott: "I’D LIKE TO REPORT A MURDER" in delta and gamma"...and "QQQ is just a hot mess"
As the majors break below key technical levels, McElligott calls out S&P 4490 as crucial support.
1/19 As Goldman warned this week, facing a massive $3.3tln of options notional, including $1.3tln of single stock options, expiring on Friday.... Goldman's David Kostin who has been uber bullish throughout 2021 even though we learned yesterday [1/18] that the bank was quietly selling billions in stock positions for a third consecutive quarter...
1/19 Morgan Stanley's chief equity strategist, Michael Wilson, still bearish, year-end target for the S&P 500 is 4400
JFR wrote:Thanks for that detailed report, Pasta Boss. Most of the finance news and opinions I get is on Cobra's site. As noted, it is mostly about the charts for me.Al_Dente wrote:...bla bla bla....