SMC Update Week Ending 4-9-21 Recorded 4-10-21

04/10/2021


Comments (6)
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csamsd834
csamsd834

Hi Peter - wondering your thoughts on the meaning of this potential upcoming TOP! Is it A top or THE top? September 3 2018, you wrote a very detailed report. Would love to see a detailed longer term analysis, if possible, as your work is truly amazing! Glad you are healthy and updating daily

RichB
RichB

We are in a strong Bull market. The NDX is now 27% above its 300 day moving average. The past two highs , 9.2.20 and 2.16.21 saw NDX 35% above its 300 day moving average. Tells me the NDX has another 6-10% upside.

Jeff
Jeff

Peter, according to your bio, you are multi talented and were an entertainer as well, which means you knew what your audience wanted. I can relate, believe me. But currently I am that audience. I think I understand your short term prediction and prior long term prediction as accurate but am foggy on the mid to long term prediction downside. Maybe that is unknowable right now? What is a person to do with a 401 k when their only choices are get in or get out? Thanks

franks115267
franks115267

How frustrating is it when we're so close but so far to a turnaround. After all the indexes could just burn through the projections and keep going which we've seen before. Let's hope they don't, I for one have plenty of dry powder...

Last updated

corralvino956
corralvino956

franks115267 said:

How frustrating is it when we're so close but so far to a turnaround. After all the indexes could just burn through the projections and keep going which we've seen before. Let's hope they don't, I for one have plenty of dry powder...

you sir are very correct

dciwinski973
dciwinski973

Peter, I personally think why a top of some significance is right around the corner is that what you are sharing in many ways does not feel right. Without the insight of your software and these updates I would be all in the market because of the anticipation of inflation and so much money floating around. The bullishness is also evident in so many of the comments here too. Thanks for your work. It is really helping many of us have a good perspective on the market!

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