More economic numbers today. Inflation numbers, they will be perfect and this will send market skyrocketing into the close.... Red to green in 3.....2......1..... Lift offffff
It's Opex Friday - stay cautious. These Fridays are typical for heavy rotation, offering setups for longs and shorts during NY open until econ prints enable a trend. This morning did not disappoint, providing trades from both sides. Prior NY Close targets are now fulfilled - good weekend to all.
Days like today are why this thread lives on. This is the entire market in a nutshell. It might have a drop like Tuesday every now an then, but as usual a quick massive V recovery. Any fantasies about a crash and a downturn are silly. This market is resilient and can NEVER STAY DOWN NO MATTER WHAT. As soon as it drops it's on borrowed time and it will be reversed in no time.
Your silly cheerleading applied to the first six months of this year. A huge 25% rally in just six months. The last six months not so much. The QQQ has made little net progress since July, when it first went over 500.
Although that is true, early December was the end of the value trade if it even existed. All day on BubbleVision they keep babbling about when the value trade will work. Since December 2: IWM -7.7% DIA -4% QQQ +3.4% MAGS +10.5% [Magnificent 7 ETF (AAPL AMZN GOOGL META MSFT NVDA TSLA)] Really there isn't much going on in this economy except AI infrastructure building & traveling.
Anyone buying the Dip this morning? If not you should be: **** Dipster BUY ALERT™ **** Dipsters know: THERE IS NO RISK!!!!!!!!!