I feel a bounce coming by tonight in the futures however most rallies will be sold into as anyone buying these levels will quickly take profits! I still feel the vix needs to jump to the 40 -50 range to call it a short term bottom but long term just keep selling strength. All technicals are broken now, so don't even count on new highs anytime in 2025!!!
Fake futures smashdown signalling the bottom. The Q's are ending green this week even if it's only green by pennies on the week. This downtrend is finished.
The downtrend is finished??? Might be a bounce here and there that may feel like the downtrend is finished, but damn its no where near finished, it's just beginning!! There is going to be more major retaliation coming and who knows how many more countries he's going to place tarriffs on. He can name another 17 countries next week. On top of that recession fears have grown substantially the last few weeks and add unemployment rising along with inflation .. let's not forget how many companies that may guide lower for this earnings season .. rallies will be sold consistently as new highs will not be seen for a very long long time!
The 3 trends sustaining this rally was AI investment, travelling by the well-to-do & banks/fintechs. All three of these have rolled over. I mean IBKR was down 10+% today & they're basically a monopoly. It doesn't look good,but who knows maybe the crowd that believed buying stocks of a country (Germany) in recession was a good idea will pile back into US tech stocks instead.
omg..the nutjob is here again. This thread might get interesting. Watching the nutjob get blown up thinking these small bounces are a V..lol..lol
Plus foreign investors moving assets from their national stock markets to USA markets (stock market up plus USD up, double returns). This is also (doubly) reverting now.
The earnings miss alone will brutalize the market. Earnings being missed are getting stocks killed. AI had created a massive over valued bubble with huge expectations. Once the low IQ NVDA chasers stop believing..its over And the earnings miss and guidance will just get worse and worse because AI financials were just a fallacy and a fraud. The same 7 companies just moving the same money back and forth between each other.
I mentioned that AI was nothing but hype that was creating the next massive bubble and here we see the bubble deflating. New highs aren't coming for years, markets will be trending down for sometime as the bull market is finally finished. Ai isn't going to prop up the markets any longer.....don't be surprised either when markets are 30 to 40% off highs in the years to come!