By far your best post i have read and why i became a subscriber. Your market wisdom is priceless. These are the posts that will make me a life long subscriber. Thanks
the market has to breathe, your sell in may and go away prediction looking more prescient now "With lows tested we grind up to a new ATH into May - where you sell and go away into a 14%ish drawdown..."
It was a rough day. I should have known better and not been greedy and was just getting ready to sell into strength. I don't think a jobs report could crash the market this hard this fast and it overblown. I'm optimistic
What do you think was the contributing factor? Job report hot 🔥 rate hike expectations went up .. personally I don't think wash will hike but keep it unchanged which will be the red bull signal
As always, your technical insights are incredibly informative and greatly appreciated. I find chart analysis fascinating and have long followed the likes of Gareth Solloway and Chris Vermeulen to understand market patterns. I've been following you for a while on X and when you posted your call for subscribers, it really was a no-brainer given all of the free value you had provided to date.
Still, your posts are, for me, for educational purposes only as I'm more of a macro investor. My current holdings align with a thesis I understand: critical mineral shortages caused by the war and their knock-on effects, the war's effects on energy demand over the longer term, etc. Technology is, admittedly, not my bag. I see the upside in energy given the massive power requirements of data centers, but just have hard time understanding tech, especially at these current valuations.
I had a 5% drawdown today, not fun but the market does what it does. I also paired back a lot of positions to get more cash heavy so let’s see what the next week brings us.
Nice post Andy, to put things in perspective and not just look at a daily P&L number, which was painful today. A month of gains gone, but gotta stick to rules and convictions!!!
Thanks for the update. I’m just sitting tight for now…keeping an eye on things. Always good to hear a pros thoughts. Looking forward to Monday to see what happens…
I suspect multitude of things. Run on semis over done, possible market sniffing post war. Why large drop in commodities?
Are you short anything?
no i’m chomping at the bit for the optical/semi’s to bottom - want to add!!! early innings
Gotta justify your name sometime :) I'm short bitcoin/MSTR, the bear flag setup was stupidly obvious
Thanks, Andy. We took a beating yesterday, but we keep moving forward we’ll be fine.
By far your best post i have read and why i became a subscriber. Your market wisdom is priceless. These are the posts that will make me a life long subscriber. Thanks
the market has to breathe, your sell in may and go away prediction looking more prescient now "With lows tested we grind up to a new ATH into May - where you sell and go away into a 14%ish drawdown..."
It was a rough day. I should have known better and not been greedy and was just getting ready to sell into strength. I don't think a jobs report could crash the market this hard this fast and it overblown. I'm optimistic
Its wasn't the jobs report.
What do you think was the contributing factor? Job report hot 🔥 rate hike expectations went up .. personally I don't think wash will hike but keep it unchanged which will be the red bull signal
As always, your technical insights are incredibly informative and greatly appreciated. I find chart analysis fascinating and have long followed the likes of Gareth Solloway and Chris Vermeulen to understand market patterns. I've been following you for a while on X and when you posted your call for subscribers, it really was a no-brainer given all of the free value you had provided to date.
Still, your posts are, for me, for educational purposes only as I'm more of a macro investor. My current holdings align with a thesis I understand: critical mineral shortages caused by the war and their knock-on effects, the war's effects on energy demand over the longer term, etc. Technology is, admittedly, not my bag. I see the upside in energy given the massive power requirements of data centers, but just have hard time understanding tech, especially at these current valuations.
Thank you for sharing your perspective on this!
So how do I hedge portfolio? I am 3k down. Married puts or sqq+soxs?
I had a 5% drawdown today, not fun but the market does what it does. I also paired back a lot of positions to get more cash heavy so let’s see what the next week brings us.
Thanks for sharing your thoughts Andy, great post
Nice post Andy, to put things in perspective and not just look at a daily P&L number, which was painful today. A month of gains gone, but gotta stick to rules and convictions!!!
Thanks for the update. I’m just sitting tight for now…keeping an eye on things. Always good to hear a pros thoughts. Looking forward to Monday to see what happens…