Capitulation. S p plummeting 2. 5 . Nasdaq nose diving 3. 4 . Were seeing real capitulation now. Im saying for the First Time Since this decline began were beginning to see the necessary ingredients that make a bottom possible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a the most since november 2011. I admit theres very little to like about this market but after today you did some amazing you saw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. No it was machine gun. As i said the other night that box has to be checked before we can
Nasdaq climbed. 98 . You want an impressing stat . Dows lost more than 1,000 points this week, the s p more than 1 trillion worth of market cap has been wiped out. Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was it, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week
Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roun
Possible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a remarkable increase in bears. The most since november 2011. I admit theres very little to like about this market but after today you did some amazing you saw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. As i said the other night that box has to be checked before we can bottom and after a couple of days like today i have to wonder, boom, it hahn been checked. After hours bashing of go pro. That stock had already been down so much. Who would think it would go down again but we c
Ssible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a remamaable increase in bears. The most since november 2011. I admit theres very little to like about this market but after day you did some amazing yosaw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. As i said the other night that box has to be checked before we can bottom and after a couple of wonder, boom, it hahn been checked. After hours bashing of go pro. That stock had already been down so much. Who would think it would go down lower from here but its almost impossible to n