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Bear market rally

Posted on 7/22/22 at 5:49 pm
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1016 posts
Posted on 7/22/22 at 5:49 pm
I knew I should have cashed out yesterday but was afraid of missing out on more short term upside.
Will the market continue to rally next week or is reality about to come back with a vengeance ?
Yes, I am a trader. Not an investor.
Posted by FnTigers
Member since Sep 2021
1429 posts
Posted on 7/22/22 at 5:58 pm to
quote:

Yes, I am a trader. Not an investor.
You tell us Mr. Trader!

Good luck losing all your money.
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 7/22/22 at 6:04 pm to
If you didn’t see this coming then go ahead and hang it up.

Very obvious mini bear market rally coming off some oversold levels on a “dead week”. Meaning no economic data, meetings, etc. Now coming into disaster earnings, Jackson hole, 75/l00 rate hike drama, and likely recession print. At a minimum you should have hedged your position yesterday after that red to green rally.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40863 posts
Posted on 7/22/22 at 6:28 pm to
quote:

If you didn’t see this coming then go ahead and hang it up.

Very obvious mini bear market rally


Lol
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1016 posts
Posted on 7/22/22 at 6:30 pm to
quote:

If you didn’t see this coming then go ahead and hang it up.


So you knew the market was going to turn red today after three days of green. Congrats. That’s why I’m asking for your advice.

I’m just curious if some of you thought that this rally might continue for one more week.
Posted by Teddy Ruxpin
Member since Oct 2006
39584 posts
Posted on 7/22/22 at 6:36 pm to
I'm assuming you're rich and don't work much if you knew this was coming.
Posted by thelawnwranglers
Member since Sep 2007
38795 posts
Posted on 7/22/22 at 7:08 pm to
Going to be choppy next week
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1016 posts
Posted on 7/22/22 at 7:28 pm to
quote:

You tell us Mr. Trader! Good luck losing all your money.


Lol,
I was actually just trying to generate some interesting insights (conversation) from some of the more knowledgeable people on this board.
Short term projections etc...
Ok I will start.
I fully expect the market to tank as soon as earnings start to show an across the board downturn.
Of course by then the market should have priced in the losses ,but who knows how long this will last.
Curious why the market rallied this week. One opinion was a short squeeze across the board.

Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1016 posts
Posted on 7/22/22 at 7:31 pm to
quote:

Very obvious mini bear market rally coming off some oversold levels on a “dead week”. Meaning no economic data, meetings, etc. Now coming into disaster earnings, Jackson hole, 75/l00 rate hike drama, and likely recession print. At a minimum you should have hedged your position yesterday after that red to green rally.


Thanks for the feedback.

This post was edited on 7/22/22 at 7:35 pm
Posted by GhostofJackson
Speedy Teflon Wizard
Member since Nov 2009
6604 posts
Posted on 7/22/22 at 8:23 pm to
It's going to be bloody next week.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 7/22/22 at 8:25 pm to
quote:

So you knew the market was going to turn red today after three days of green. Congrats. That’s why I’m asking for your advice.

I’m just curious if some of you thought that this rally might continue for one more week.


As usual, you will have to wait until the week is over to find out what was predicted to happen,

Posted by Upperdecker
St. George, LA
Member since Nov 2014
30590 posts
Posted on 7/22/22 at 8:27 pm to
Market comes back down next week. Tech earnings won’t go well
Posted by MrSpock
Member since Sep 2015
4351 posts
Posted on 7/22/22 at 9:22 pm to
quote:

was afraid


quote:

Yes, I am a trader.



This tells me right here you are not a trader. A trader enters and exits a trade with a concrete plan. The trade risk is already predetermined.




Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 7/22/22 at 9:31 pm to
quote:

So you knew the market was going to turn red today after three days of green. Congrats. That’s why I’m asking for your advice. I’m just curious if some of you thought that this rally might continue for one more week.


I didn’t know with absolute certainty, but there were several things that pointed to bullish exhaustion within a bear market. Plus all the headlines people don’t won’t to hold against. Too many have been conditioned to just buy the dip. If you’ve done any homework as of late you’ll know that is not going to work anymore . Not for a while.

Go follow George Noble on twitter and listen in on some of his spaces. He’s got great historical insights and guests. Quit listening to CNBC idiots.
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1016 posts
Posted on 7/22/22 at 9:47 pm to
quote:

This tells me right here you are not a trader. A trader enters and exits a trade with a concrete plan. The trade risk is already predetermined.


I did not say I was an orthodox trader.

Maybe I should have described myself as a gambler.
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1016 posts
Posted on 7/22/22 at 9:59 pm to
quote:

Go follow George Noble on twitter and listen in on some of his spaces. He’s got great historical insights and guests. Quit listening to CNBC idiots.


I stopped watching CNBC years ago.

But thanks for George Noble tip.
Posted by rintintin
Life is Life
Member since Nov 2008
16184 posts
Posted on 7/22/22 at 10:22 pm to
In my humble and terrible trader opinion.

If we open green Monday we'll see upwards of 4170 by end of the week.

If we open red we'll retest the recent lows of 3720 sooner than later.

In other words, up or down.
Posted by slackster
Houston
Member since Mar 2009
85009 posts
Posted on 7/22/22 at 10:35 pm to
quote:

Too many have been conditioned to just buy the dip. If you’ve done any homework as of late you’ll know that is not going to work anymore . Not for a while.


It’s literally always worked. It will again.
Posted by go ta hell ole miss
Member since Jan 2007
13631 posts
Posted on 7/22/22 at 10:48 pm to
My expectation is Apple is going to disappoint and the market will react. I was expecting a run up to 4100 before we went back down. We may not get back to 4100 before we slide more. There continue to be more headwinds in this market than positives right now.
Posted by Decisions
Member since Mar 2015
1478 posts
Posted on 7/22/22 at 11:35 pm to
quote:

It’s literally always worked. It will again.


Sure, but “again” could literally be after a decade or more of choppy/downward movement. Buffett has often stated how the market of the 70’s was essentially a lost decade.

Just telling people to buy the dip and not worry about it is at best an intellectually lazy take. I’d personally call it dishonest.
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