Incorrect. Very nice up move, though. I had a suspicion this was how it was going to play out by the 9th of August. The speed of this recovery likely caught many by surprise.
The most hated bull market of all time should once again be eliciting a wide spectrum of emotions. I wonder what perma-bears and late bulls are thinking or feeling at this point. It can't be pleasant. Every red bar or dip giving some hope the big sell is near... Maybe bears should get their charts flipped upside down and the buy/sell button reversely engineered. That way they could be 'shorting' non-stop and make tons of money.
BTW you remember this pic I posted while back in the ES Journal?? We're almost there, bro. (Quoted below.)
People would lose their minds at s&p 4500!!! The week the s&p fell to 5300 they were literally screaming for a 50 basis point cut in September.
My retirement account is literally printing free money. It's absolutely disgusting how much this portfolio rises especially after I added a new fund of tech stocks ...its absolutely non stop. Every day green green green green. Everyone's retirement funds are going parabolic, this should help everyone to retire, even those in their 40s, if you have a sizeable portfolio in your 40s even 30s you don't need to work. Every day the market will print you between .5% and 2% so that compounded each and every day will add up to tens of thousands per month meaning you don't need to work but sit back and live the wallstreet American dream.
Nvda is not up 2% or 4.5% or 7%, it's not up 8 or 12.8% nope...it's not up 15% or 18.9% neither is it up 22% or 26% ..it's up 30 fu*king % in 8 straight trading days....we aren't talking about a mid or small cap stock here. This is a multiple trillion dollar company thats literally added 3/4 of a trillion dollars to its market cap...earnings are days away and seeing this type of huge run on a 3 trillion dollar company may hinder its gains next week during earnings results. All the wholesome goodness could be completely baked in, and let's not even mention a word of missing expectations. If they do this stock is going to plummet straight belowb100!! The entire market will be in complete chaos but we all know nvda can do absolutely NO wrong so no worries as nvda will be trading north of 150 by next Friday. It has to since its the leading tech stock in the entire universe!!!