0

At The Turn ? (Patience Young Jedi)

PUBLISHED Mar 19, 2022, 2:21:33 PM        SHARE

img
imgTom Hamilton

March 18,2022 – I see possible indications that we could be at a market turning point of this correction. My major market model (not shown) is giving me a “heads up” to watch carefully next week. But why?

First off this market has already priced in the major news issues in the short term. The terrible situation in Ukraine, the FED interest hike and recent COVID uptick are known. As long as the “unknown” doesn’t creep in or takes take an unexpected turn for the worse, we could be “OK”. This is where patience comes in. Take a look at the chart above: broken channel up, Close above the “mid-line”, Volume & Money Flow Bullish, Price Strength (black line) Bullish. Time to pay attention . . . with care.

Friday I was hearing many knowledgeable amateur investors talk about a “follow through day” (a major up on high volume, off a major swing low formation). Well yeah, that might be but that volume was due to the “triple witching” of stock & futures options and futures contracts. Make no mistake: most of these contracts were hedges placed to protect portfolios in a down market. That volume was contract settling, but were there any actual positions taken? Let’s wait for confirmation next week before we assume anything.

How will we know? I’d say watch the institutions. If they think the worst might be over, they will be putting money to work where they can quickly and easily. Read that as liquid big mega cap technology companies. Is money flowing out of the fear stocks (metals, staples, defense, utilities, etc.) and into more speculatives? I’d also keep an eye on the Russell 2000 index (IWM) for hints in comparison to other indexes. Again . . . patience, because it’s not all going to happen in a day or two. Have a Good Week and 'May The Momentum Be With You' ......... Tom ............

more discussion at: www.special-risk.net Price chart by MetaStock; pie chart & table by www.HighGrowthStock.com. Used with permission.



I/we have a position in an asset mentioned



Sound investments
don't happen alone

Find your crew, build teams, compete in VS MODE, and identify investment trends in our evergrowing investment ecosystem. You aren't on an island anymore, and our community is here to help you make informed decisions in a complex world.

More Reads
Best NFT Marketplaces to Buy or Sell Your NFTs
Image

NFTs are still causing quite the stir in the Crypto Industry as Bored Ape Yacht has decided to launch its own Token and its DAO. The NFT marketplace can make or break your art.

News Dominates the Markets
Image

market commentary

James Leveque’s Keys to Financial Freedom
Image

Some tips and tricks that helped me in the financial game.

What is the Purpose of StockBossUp BossCoin?
Image

What is this cryptocurrency called BossCoin? Why is it integrated in StockBossUp? BossCoin's purpose is to incentivize a flow of responsible and wealth-generating investment ideas on the StockBossUp network.

My pension fund is dropping
Image

Practical tips to consider in times of economic downturn

Updates to StockBossUp
Image

StockBossUp is adding new features as we leverage our new BossCoin boost and integrate live data into the app.

Why Managing Volatility Increases Wealth
Image

Market volatility is a wealth killer. By managing the major up and down swings of your portfolio you can start to reliably grow your wealth.

Crypto Terminologies Every Noob and Pro Should Know
Image

The Crypto space is full of jargon, but it’s not hard to understand once you get the hang of it. So if you've come across some new terms that you just can't seem to wrap your head around, here's a glossary for you. In this article, we've put together 20 + common crypto terminologies every noob and pro should know with definitions so that you don't have to struggle anymore. Let's begin!

Bored Ape Yacht Club: The Apex NFT Project
Image

In one of our previous articles, we touched on NFTs and Real World applications, and we are sure you had a wonderful experience learning about NFTs. There’s a fresh kid on the block, “Bored Ape Yacht Club.”

Hyperbitcoinization: The Dawn of a Brave New World
Image

Bitcoin got to its all-time high in 2021, and we can be sure that bitcoin is going to the moon. In this article, we will be focusing on institutions and countries that have accepted bitcoin as a legal tender and the journey of the world to Hyperbitcoinization.

StockBossUp - Diversified, Volatile, Wealth
Image

Welcome to the biggest draft on the planet! Draft the best investment team you can. Get the stats on every investor in the StockBossUp network.

Concerns Continue
Image

market commentary

An Indecisive Market
Image

market commentary

In a Bit of a "Box"
Image

market commentary

NFTs and Real-World Institutions
Image

One of the most exciting things to see in 2021 was how the largest companies and institutions in the world are joined the NFT bandwagon. The NFT craze this is so real that only a few people know that non-fungible tokens have existed since 2018 on Ethereum.

Resources for Publishers
Resources for New Investors
Boosted with BossCoin