SELL THE TIP BUY THE DIP

Dead cat bounce.... or in other words, a short rally that occurs after a downtrend or reverse movement in price (not supported by fundamentals). This is what I believe every rally we have had this year has been a dead cat bounce. Just think about it, why are these stocks suddenly going up, the fed just start clamping down, inflation is still crazy high, and the only argument for these people that say we are not in a recession is that unemployment has been chilled recently and oil and other commodities have been receding. But on the other hand, every where you look, companies are cutting jobs (maybe this is a good buying opportunity for some commodities, shittt Warren Buffet is still coping OXY)! It's bad news after bad news and if the Russia Ukraine tension wasn't enough for the world, the biggest insider trader, Nancy Pelosi, is visiting Taiwan, even though China, the second biggest market in the world, warned not to do so, and now China is playing with missiles and shit... This isn't the only problem China has been in the news recently for, Alibaba was threatened to be delisted with a bunch of other companies (Alibaba has said they will do everything they can to comply) and Ant is looking like its not going to be Alibaba Jr with Jack Ma as bossman (China still hating). QQQ, SPY, and DIA have all just passed resistance levels after this huge rally that skyrocketed most growth stocks that have been obliterated this year. SPY and DIA just skimmed the 23.6% Fibanocci level, while QQQ is slightly below, skimming the 38.2% level, expectedly since it is the more volatile index. If this isn't enough signs for you... Gold is up! Don't get me wrong I wouldn't be surprised if we hit a bottom, this rally has been a lot stronger than the others, but did we really do anything to get out of all this mess?