Soes is so full of crap. He says he is closing late yesterday, I told him not to. He blocks me. Thus he almost certainly closed. Then he comes here at the end of the day today and posts something sarcastic, indicating that he probably caught today's rise. I call BS. He missed the whole thing lol. I think you guys warned me about him awhile back haha.
Thank you for the luck! Out of the ym bought at 305 at 330, out of some of the 25035 as well...but keeping rest over the weekend.
So it looks like the Dow has to play catch up to the Nasdaq, still 1400 points away from new highs. By the Time the Dow reaches 26700+ the Nasdaq will be at 8000+
Yea, I saw that S2007S. Someone, I think Rickshaw, posted something on that earlier. I think NASDAQ is not just a head of the DOW, but S&P 500 as well. Maybe the whole rest of the market as well.
seriously.. I don't know how this goes much higher.. $FANG stocks are tapped out.. if anything I'd be shorting FB and AMZN around here..
As I have been mentioning for some time now....Amazon and it's crazy stock run where like I said if it comtinues this run it will be worth $2 trillion by end of the year.... however we all know this is ludacris in that the stock price would be well ahead of it's earnings potential by that point.... as for the Nasdaq highs it's really only moving on a selected number of stocks those really being amazon and Netflix Two stocks are racing ahead of the market, and that’s got one technician worried Amazon and Netflix live in a different reality from the rest of the market. As the S&P 500clawed back from February sell-offs, the two have already hit a handful of new record highs. And that move has one widely followed technician on watch. "Both Amazon and Netflix are making new highs whereas a lot of other indexes aren't," Craig Johnson, chief market technician at Piper Jaffray, told CNBC's "Trading Nation" on Thursday. "When we've seen this kind of narrow market breadth, it's not really a healthy sign for the overall market. We want to see a lot of companies participating. … That worries us." Amazon has made 12 new all-time highs since markets hit records on Jan. 26, while Netflix has scored seven. Meanwhile, just one-tenth of the Dow has recovered to see those January highs again and only a fifth of the S&P 500. Netflix is the best performer on the S&P 500 in the year to date, and it beats the other components by a wide mark. The online streaming service's 70 percent gain in 2018 is far better than the 58 percent gain in XL Group, the second-best performer. The Consumer Discretionary XLY ETF, the fund that houses Netflix, has increased just 7 percent. Amazon's year-to-date increase tells a similar story. The e-commerce company has risen 34 percent so far this year, putting it on track for its fourth positive year in a row. Amazon is the second-best performer in the XLY ETF and the fifth-best on the S&P 500. Amazon's breakneck gains trouble Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors. He sees its current price as overvalued. "It does not play by the rules of traditional stock earnings and P-E ratios," Bapis said during the same "Trading Nation" appearance on Thursday. "It's hard to buy companies trading at 250-plus times earnings that have run up so much." Amazon currently trades at 155 times forward earnings and 255 times earnings over the past 12 months, while Netflix trades at 108 times forward earnings. Both companies have a price-to-earnings ratio well above the S&P 500's 17 times forward earnings. "To me, it looks like 2000, 2001, when these companies were getting so high-priced and there was such a craze around them," added Bapis. "They've driven the markets for two-and-a-half, three years so you've got to see a pullback." The information technology and consumer discretionary sectors are the two best performers on the S&P 500 in 2018 with gains of 11 percent and 7 percent, respectively. Both are ahead of the S&P 500's 3.8 percent increase. The two sectors are on track for a 10th positive year in a row. On the market as a whole, Johnson expects to see this slow crawl back to records for the S&P 500 and Dow but will keep a close eye on the divergence between companies such as Amazon and Netflix and broader markets. "We're still going to be in this kind of backing and filling until we see the breadth of this market really starting to ride out," he said. The narrow market breadth is "something I really want to watch carefully in coming weeks and months." Which has more records ahead of it this year: Amazon or Netflix? Amazon 42% Netflix 16% Both 31% Neither 12% Total Votes: 1258