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Betting It All

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

I was bug-eyed to see what one chap has posted:

Now The Balance Begins To Shift

The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.

This report tells why, and what to look for in the data and the markets.  GO TO THE POST

So he’s already down 40% on his life savings on a single, insanely-overvalued stock. PLTR reports on Tuesday morning before the open. (NOTE BENE: the screen shot above doesn’t count today’s new tumble, nor does my screen shot below) As an humble chartist, allow me to predict this thing is going to crater, making the above ill-advised decision even worse:

Naturally, the geniuses on the Internet don’t agree with me.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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