This IS NOT financial advice. This is the Opinion of a crazy person, don’t take it seriously.
Look at the dumping Russell 3000 index. At the bottom of this you will see a daily chart. The crypto market very well may be a safe haven. Gold and Silver making move up also… this is crazy shit right now!
https://en.wikipedia.org/wiki/Russell_3000_Index
*”The Russell 3000 Index measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by total market capitalization, and represents approximately 98% of the American public equity market”*
Top 10 Russell 3000 holdings
Apple Inc. (NASDAQ: AAPL)
Microsoft Corp (NASDAQ: MSFT)
Amazon.com (NASDAQ: AMZN)
Facebook (NASDAQ: FB)
Berkshire Hathaway Inc (NYSE: BRK.B)
Johnson & Johnson (NYSE: JNJ)
JPMorgan Chase & Co (NYSE: JPM)
Exxon Mobil Corp (NYSE: XOM)
Alphabet Inc. (NASDAQ: GOOG)
The Russell 3000 Index Chart below – The price/value point is under 200/314 MA’s (Moving Averages) (Green and Purple Trend Lines).
Above = Health Below = Very Bad. Many traders see these as buy and sell points.
https://www.tradingview.com/x/A01NHxq5/
Question is, where is the money leaving the tradition market going?
Gold, Silver, and Bitcoin.
Gold (Note as of the time writing this, Gold is passing UP through the 200/314 MA’s)
https://www.tradingview.com/x/9mYgl8AD/
Silver (catching up to gold)
https://www.tradingview.com/x/s6tgpYsY/
Bitcoin (will have to keep watching. I am expecting it to act inverse to The Russell 3000)
https://www.tradingview.com/x/9mYgl8AD/
Be First to Comment