Another day, another rocketship pump out of the gate. This market still wants up. I must be watching a different market than some of you. But again this bull market is still here and they still cannot keep this market down. Every down move is met with such intense V dip buying. I still don't know how others don't see this. Yes, there is the occasional day like Monday, but you always have to brush it off and remain a bull, because it's so much easier for this market to go up.
A bad Broadcom report & NFP < 100K could spike the VIX & skyrocket the TLT. That seems like the best bet to me. The real problem is the rotation from tech to non-tech is a net negative for the broad indices.
LMFAO. They still absolutely can't keep this market down. The V force is truly a sight to see. Yes, we will keep making a V for every drop. Sit back, relax and watch the market climb again. Truly and unstoppable market. New ATH coming again by next month.
Tomorrow's market volatility is Brought to you by Broadcom earnings and tomorrow's job report. Expect major volatility!!!!!!! If Broadcom misses or guides lower that could easily break nvda down to below 100!!
When the markets close, the gambling apps open. Take for instance: $1k an entry. The country has turned into a bunch of degenerate gamblers.
Cut losses on CRWD this morning, bought SFM back just under $99. NGVC giving a good run to new high. This kind of stock can just make your year if you can sit on it. The type of stock Ironchef would buy leap calls on. Boutique grocery stores and aviation companies that make planes for the uber rich are just exploding right now. All the old tech darlings are WAY past midnight! Check out ERJ. That one is like free money, if you had faith to buy low!
I briefly had that one earlier this week and panicked out on the first spike, for a tiny profit. Should have done that to all my tech stocks. The only ones not getting dumped are the networking types who are possibly wiring up the smart cities for the non-elite traders to live in.
I don't have a fan duel account or any sports betting accounts but people I know are addicted to that stuff......some do cash advance on credit cards at 20 to 30% apr....thats a nasty addiction to be borrowing money at those rates to gamble with.
Yea all these tech stocks seem done for now, but I have been fooled a few times before...I have some long positions in tech but own a fair amount of shorts so days like today offsets those losses.