SMC Update 7-28-21

Wed, 07/28/2021 Wednesday, 07/28/2021 6:41 PM PDT


Comments (6)
We welcome all comments related to market timing. We do not welcome political and insulting comments, however, and comments of a political nature belong elsewhere and could lead to removal and blocking the originator of such political comments.

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

tphillips2020254
tphillips2020254

I would be grateful if you can look at AMZN especially in light of the earnings announcement tomorrow.

brad.jenson120
brad.jenson120

Hi Peter,

It would be helpful to have a wider proxy for commodities than GLD or in addition to GDL (e.g., FTGC). If the commodities complex goes down, so does inflation. If, however, commodities remains resiliant during a stock market downturn, then inflation and a stock market crash are likely off the table. Commodities led to the downside in the summer or 2008 it could be important to see what the enire complex does at or near a stock market top of high degree.

dciwinski973
dciwinski973

Thanks Peter. I think IWM would be helpful.

marttandpatel731
marttandpatel731

Thank you Peter I also think IWM would help, since small caps give us a good idea of the market. It's been in downward trend, and is one of the leading indicators along with the Transportation index.

tphillips2020254
tphillips2020254

Speaking of leading indicator. Its one of the reasons I asked about AMZN. I am thankful to of had a small short. But like a lot of you, I think that drop today is a hologram of what is coming to the rest of the market.

jefflane8592
jefflane8592

Hi Peter. I have been using the software for a few weeks now and and I am really starting to warm up to it. Even though I have been watching your videos almost since the start I really didn’t understand what the heck it was doing. By having the software I can see that in addition to making projections the target windows represent support and resistance levels on the charts. Levels you might put lines at using conventional technical analysis. I have never heard you talk about this. I would love to know your thoughts and if you agree with this observation. Jeff

1-6 of 6