Yesterday, we witnessed a key change in the US government, which is now taking control of the new narrative. I was impressed to see how quickly entrepreneurs and businesspeople demonstrated public “support” for the new administration by attending the ceremony. I view this as a strength of the USA and its capital markets. Business is business.
As for my view from this week, I am neutral. But before that, here you can read the top news (most read from Reuters) of the last 24 hours.
I’ve read comments from a few traders I trust, and some are predicting ALL-TIME HIGHS while others are selling their positions at current levels. As of now, the performance for the QQQ and SPY over the last 10 days has been roughly flat. Personally, I will only trade if there’s sufficient pressure favoring one direction. The chart below in red shows that the CBOE VIX INDEX is trading at its lowest level in the last three weeks.
Some of you have asked about the daily track record, I do not mind sharing it, just asked privately.
Here’s an improved version of your post:
To sum up, there is an important piece of technology available to most of us, which was used by the current president. If I may say so, it’s called meme coins. I am still doing research on this topic. However, I am intrigued by how someone like him could double his net worth in minutes after launching a “coin”. What makes one coin better than another?
I enjoy meditating about it, and I believe that with enough time, we will uncover what is unknown today.
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