The United States stock market has all the characteristics
of heating up big time this summer,
and potential upside targets, at this point are impossible to predict.
I base this opinion on the rapidly increasing speculative risk tone of the market,
that does not feel like it's late in the game. In fact, it only appears it's just starting to kick off,
with a commodity type blow off in stocks now possible this summer.
Dead in the water stocks during the pandemic like AMC,the movie theatre chain,
now have retail buyers once again pummeling short sellers with AMC rising over 50 % just Thursday/Friday alone this week.
Market Vane's Bullish Sentiment poll has also reached a new 2021 high with 59% of traders polled now bullish.
Historical tops in this indicator, I have been informed have not been hit until the mid 60's bullish
so this market is doing it's thing in converting the masses to this blow off.
The rapid descent of the VIX, back into the teens during the month of May
ashows that big money volatility traders are absolutely sensing the same kind of continued drive to the excesses top.
Commodity blowoff tops are rare for the US stock market.
Certainly in the 1920's, and now precisely 100 years later, .we are in one again.
It is impossible to predict,where, when, or why it will all end
But I assure you ,it will end as badly as you might imagine it could.
Just don't be in the stock market then. Or you shall pay an unimaginable cost.
Enjoy your Memorial Day holiday weekend.
Remember above all else what it stands for.
THE_UNWIND
5/29/21
Woods Of Connecticut
of heating up big time this summer,
and potential upside targets, at this point are impossible to predict.
I base this opinion on the rapidly increasing speculative risk tone of the market,
that does not feel like it's late in the game. In fact, it only appears it's just starting to kick off,
with a commodity type blow off in stocks now possible this summer.
Dead in the water stocks during the pandemic like AMC,the movie theatre chain,
now have retail buyers once again pummeling short sellers with AMC rising over 50 % just Thursday/Friday alone this week.
Market Vane's Bullish Sentiment poll has also reached a new 2021 high with 59% of traders polled now bullish.
Historical tops in this indicator, I have been informed have not been hit until the mid 60's bullish
so this market is doing it's thing in converting the masses to this blow off.
The rapid descent of the VIX, back into the teens during the month of May
ashows that big money volatility traders are absolutely sensing the same kind of continued drive to the excesses top.
Commodity blowoff tops are rare for the US stock market.
Certainly in the 1920's, and now precisely 100 years later, .we are in one again.
It is impossible to predict,where, when, or why it will all end
But I assure you ,it will end as badly as you might imagine it could.
Just don't be in the stock market then. Or you shall pay an unimaginable cost.
Enjoy your Memorial Day holiday weekend.
Remember above all else what it stands for.
THE_UNWIND
5/29/21
Woods Of Connecticut