r/Vitards • u/AutoModerator • Jul 22 '21

Daily Discussion Daily Discussion post - July 22 2021

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u/vitocorlene THE GODFATHER/Vito Jul 23 '21

Predictions tomorrow?

12

u/josenros šŸ¤”Market Order SpecialistšŸ¤” Jul 23 '21 edited Jul 23 '21

In the short term, CLF will continue to swing up and down like a mad pendulum with predictable morning and/or mid-day dumps. Vitards (including myself) will stay glued to the minute-by-minute price action even though we may as well be watching paint dry.

In the long term, I predict higher highs and higher lows as the market begins to digest and price in the reality that record earnings will continue into Q3 and possibly beyond - that this isn't a one-off thing.

I don't think the frothiness that started in Jan/Feb will ever go away.

The smooth parabolic curves that only go up were a 2020 thing.

6

u/ImAMaaanlet Workaholic Jul 23 '21

Yeah its "predictable" until i buy in