jackwheeler

Follow Up to my Thesis: The US100 Could Correct 5%

Corto
Hey Guys, this is the follow up on the new position I have put on. Looks very similar to my first successful short on the us100. Buy the rumor sell the fact could be on next week all the big tech names have delivered there earnings and although some have beat expectations none of them have escaped the cost of supply shortages or inflation with even Apple the largest company in the world admitting this upcoming quarter will be worse. Many companies seem to be having big blowoff moves (Tesla, Amd) with techniquals indicators flashing alarms and others are now dropping of disappointment (Apple, Amazon, Starbucks). Silver is also falling which is one of the best indicators for the US100 around.

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