Thursday , September 12 2024
Home / Video / Here’s how you can tell the rally is fake.

Here’s how you can tell the rally is fake.

Summary:
When the narrative changes every day to justify the direction of the market averages. 

Topics:
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When the narrative changes every day to justify the direction of the market averages. 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

26 comments

  1. Buffet is not infallible. He was not a big buyer during the COVID crash and he has shunned tech forever…..APPL was not his idea to buy in the first place by the way

  2. Stocks Finish Higher on Solid US Economic News. This is not a fake rally.

  3. Higher volume cleared prior resistance, I think 8 days ago you said if we continue up we should quit following your analysis? 😮

  4. @Hustle-Man-ForLife

    and don't forget they were crying "They printing money, Stop them" lol

  5. Mike the profits I'm taking everyday are real though

  6. This guy is giving you golden information here

  7. Thanks for the updates, Mike!

  8. I am selling in early September.

  9. @barrymcbrush5452

    Great advice Mike! Excellent video!

  10. @jamesanthony5066

    Great content, and video. I agree, i'm bearish at these levels. We didn't retest any levels, market algo's seek efficiency/price discovery.

    • Isnt the message bullish til september?

    • @jamesanthony5066

      @@amanzella6508 Depends, if we break $554 and continue on, i'm bullish, if we hang around these levels, market makers want to retest before moving up higher. I guess it depends on what time frame you are looking at. Short term i'm bearish. We've rallied too hard, due for some retracement. Plus GDP isn't in 3.0%+ territory. Also lot of institutions will profit take. So, I guess either way, I think we got some nice retracement, but I wont short/buy puts, if we continue over $554. We saw massive resistance at $554.85 August 1st, I think we might see that level become resistance again. Add in, that today and yesterday were unusual buying periods, given it was flows based…

  11. @tedsmoothie1581

    Hey Mikey!

  12. Did you see your cult leader give a "intellectual" speech on economic policy? Normal size Tic tacs vs small size Tic tacs. He's a goddamn genius. He really showed a detailed in depth understanding of economics.

    • Boring, repetitive, predictable and irrelevant. Impossible to win on those characteristics alone, notwithstanding the other nonsense.

  13. Thx for today's update and cool hair day!

  14. Looking great, Mike!

  15. @user-it1mc3nq7h

    ❤👁

  16. Regarding flows, can someone explain what specific interest payment are you referring to MIke? I get the SS payment date, trying to figure out is it a Treasury interest payment for bonds etc?

  17. Hi Mike, I'm so glad I found your channel. Lots of golden points in your videos. In addition, I love your wacky manic smile 😂

  18. Florida hair style?

  19. Thinking I’m going to sell after the bump from the first rate cut. Probably get back in early first quarter of 2025 but need to see what happens with the election.

  20. @phtephenjumptoconclusionsq3504

    price isnt fake

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