Aug. 13 at 11:36 AM
$QQQ PPI and Jobless claims in an hour - today we breakout or breakdown. If we breakdown this could be the top until we get REAL positive Iran war news. If we breakout we might see new ATH but I'd guess they are short lived, again unless we get REAL positive Iran war news.
The plan:
Bad data (hot inflation, low claims*) -> panic sell then reassess (wouldn't normally say this is a good idea but I can't think of anything else that would push us up to ATHs)
Good data (cool inflation, higher claims*) -> hold and look to sell before September if the Iran situation is still the same.
*Over-simplified
I'm all-in on
$IMSR currently. Bullish long-term but all growth stocks will follow the broader market direction.
