This Is Not Investment Advice
The Market Right Now - Risk On/Off
Couple things catching my attention right now:
Very strong Industry Group such as Mining - Metal Ores with specifically rare earth and uranium stocks failing to hold on to gains on recent sessions, and that is with very favorable news as well
Both the Nasdaq and R2K closed well off their highs on Monday . . . . lack of Follow Through . . . .
Absolutely red hot Industry Group Telecom Fiber-Optics watch LITE, VIAV, OPTX all doing well but struggling to hold on to their big gains
IWM 4HR
Thoughts and observations:
GOOG can change everything I fully acknowledge that . . . . it has also been a very strong performer so how much already baked in . . . . . PLTR late pop but still way off and lots of damage done . . . . . time will tell . . . .
Not in a panic these are somewhat subtle yet easily observable signs . . . . Blue Oval above the R2K is kinda trying to stay in a shorter term uptrend but it can’t seem to get the Upside Volume . . . . .
Bitcoin might be carving out something . . . . need to see more . . . .
Not a panic . . . . market could shrug all this off for sure . . . . . . but also Weekly Money Flow for both QQQ and IWM now Red . . . . . time for me to add some more hedges which I did . . . .
Everyone is bullish . . . . . . pros at historic lows for cash . . . . . not primary signals but relevant . . . . .
