The first to correct was the ARKK style companies in February 2021. Then the FAANG/QQQ style stocks in November 2021. Are Energy and commodities next as we head into a recession? Probably. Depends on when the Fed backs off the Rate hike cycle.
One might start nibbling on the ARKK and QQQ styles companies. Growth will likely be the first to react once treasury yields come down. If trading Continue reading
Screenshot from Blockworks video Continue reading
Two-Year Treasury
The price is roughly locked in a consolidation pattern with $12 as the top boundary and $8.50 as the lower boundary. Our fear factor is very low for the company. The lower the price, the more we expect to buy. The goal is accumulation and not risk aversion. You decide what aspect of risk management fits you the best. The $7.50 price in the chart above was on the announcement of Russia invading Ukraine. We’d like to say the bottom of the consolidation pattern is around $9.00 but it wasn’t, so we’ll use the lower base-line. If you see a $9.00 price or lower on Soluna we think of it as a gift.
Written 3:14 PM April 26, 2022.
Technically, the shares are