Market Outlook For April 12-16, 2021 – How Far Will Things Go?

Is the forced selling in Archegos related names over?
Is the forced selling in Archegos related names over?
April 7, 2021
Market Watch For April 19-23, 2021 – Market Watch ๐Ÿ”
April 17, 2021
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This past week the rally in equities continued as the SPY touched fresh all-time highs and the DIA joined the party closing at new all-time highs on Friday.

This coming week the QQQโ€™s appear poised to set all-time highs and the IWM is now the odd index out trailing far behind.

The fear of additional fallout from the Archegos saga appears to now be in the rearview mirror as the markets rallied once again on the backs of broken trades and traders.

With the overwhelming strength across so many asset classes, anyone who is calling for a market top has to check their assumptions because the market has been shrugging off any weakness and with an accommodative Fed and continued fiscal spend, we could see another leg higher.

With that as a backdrop hereโ€™s some food for thought in this weekโ€™s video:

  • What the S1FI indicator is telling us about the market breadth of this rally?
  • What the trading environment is like with VIX in the low teens
  • Watching the Bollinger Band walk play out across numerous assets/indices
  • The rally in alt-coins and the last bull market cycle
  • My price target for Bitcoin
  • Find and support my coin on BitClout here – https://bitclout.com/u/houstontruong.

 

Market Outlook For April 12-16, 2021 – How Far Will Things Go?

by editor time to read: 1 min
Is the forced selling in Archegos related names over?
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