Below is a snapshot of the Fear and Greed index from today 8/21/2017.
If you know my work, you have heard me say "when people become fearful in the market, you know it's time to buy stocks," In fact that statement is posted directly on my website TradersChoice.net (About TradersChoice Page) Click here: https://www.traderschoice.net/about-traderschoice.html
Although the fear and greed index is showing extreme fear at this time, I would not be rushing into new long positions today.
If you are long this market, I would seriously consider putting hedges on those positions.
At this time cash continues to make its way into the perceived safety of debt, with the 10 year yield now at 2.194.
Although as I have said, when there is fear in the market it generally means it's time to buy stocks, I want to see some cash making its way out of the bond market-and that 10 year yield moving higher before I would be adding two new long positions or covering my hedges on current Longs.
In my opinion there is further down side coming for this market in the short term however, keep your eye on the fear and greed index along with the 10 year yield looking for further evidence of a rebound.
Gregory Mannarino @marketreport
Great advice Greg. All eyes will shortly be moving towards the debt ceiling. They always hem haw around and eventually get it passed, but I wonder how this plays out this time.
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Are there any new reports on Negative Interest Rates, in the USA's future?
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Good info thank you once again 👍👍👍 upvoted
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I guess we wait and see what the eclipse will do.
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Hi Greg, Just wanted to say that everyone needs to become their own CENTRAL BANK.....and who in the world keeps saying that.....OH YEAH....YOU DO!! Keep up the Great Job Brother!! And as always Steem on. Upvoted. :C)
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I'm guessing nothing breaks until the debt ceiling (at least)
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Thanks for the great heads up and keeping us in the loop. The fear thing makes perfect sense to me Greg.
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I also hear around scared people for the eclipse...thanks for the update.
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I didn't see the stock picks page on your site today. Does anybody else?
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Greg definitely revised his TradersChoice site and took away the stock picks feature. I haven't seen him splain why but he might have in the next spew he posts. I wonder if Greg was "hacked" by the solar eclipse...or maybe it was just God that shut him down via the power of the star in the eclipse? Any ideas, sheeple....I mean fellow Greg Mannarinonites? :O I know I survived so for now I will keep furnishing teh Pope with great day and swing trading setups. Sorry bout oil, Pope...we'll get it back. :O
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not there??????
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I have always watched the 10yr, Thanks to you Mannarino
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I like it!
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Thanks for your advise Greg. Let's see how it goes today.
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The Ledger Nano S is our favorite altcoin wallet and for good reason. Check out my full review over on my blog
https://wikicrypto.com/ledger-nano-s-review/
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NO FEAR!
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wait and see
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Fear and greed. Thanx for update. On a totally unrelated subject.... Eclipse tea tastes just like sun tea... :-)
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Still looking at IWM as "the" place to go for the coming market turn. In the meantime, I "hope" you are paying attention to Tessie as she "barf's out" 13 lbs today alone! Since you aren't picking stocks anymore, Greg...why not work with me promoting my diets? :-)
https://steemit.com/tsla/@joejustjoe/8-4-17-round-3-on-my-journey-to-take-tessie-to-sexy
Not "extreme fear" as of yet, Greg. My sexy VIXens aren't even at least week's highs yet. :-)
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yes sir we know u and also know ur talk about it
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thank you for
upvote
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nice post .. i upvoted you plz upvote me!!
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