SOXL up 16%+ in only 5 days, its a 3X ETF but still that means the semis are up about 5% as well in about 5 days time, thats huge, seems no end in this parabolic move to the upside, especially in these semiconductor stocks.
Lots of money to be made if you are right, but I think we are in a no-touch zone especially if you are a bear.
This market is going to correct eventually, it will happen when you least expect it, I would say the last 10-20 times or so that it looked like it was headed down all it did was drop about 4-7% and resume its upward momentum, that will break one day, its anyones guess when this happens, but it will, it shouldn't be a surprise to anyone who has watched this market move up over 175%+ in only 6 years, I mean how much upside can they squeeze out of this market, companies have been buying back a ton of shares which has also juiced the market, how long that goes on for as well is another guess, but for now every article written is showing a bullish case over a bearish one, it seems to be the trend. The next collapse might take place at DOW 20,878 or 23,960 or 27,902 or 30125 or even 36,202, but even if it does travel up that high, a 50% correction would take it back below todays levels, without a correction taking place the next one will be even larger, thats why I never understand why the fed tries to get rid of recessions as fast as they can, recessions and turn downs in the economy are actually healthy, you need that in the economical cycle, but in todays economical world recessions and down turns are not allowed, and that is the reason why the next collapse will make the last collapse look like nothing ever happened.
here comes the breakout, once the dow jumps past 100 its dow 18k by the close....new highs by todays close. nasdaq up another 50 points today!!!
Not questioning any of this, but the risk reward seems higher if you wait for 2-4 weeks after the high. Feel free to prove me wrong. 8/21/1987 was the peak, but the time to short big was 10/1/1987. So even if TODAY is the peak -- which is a big IF, it is not time to get short yet.
We are back to the low volume up days, ramp up overnight sideways all day for the US session....But we always make it pretty at lunch time.
I love 100% up room to go with ZERO risk FREE money $$$$$ KaChingo $$$$ my condolences AGAIN permabears
What a load of garbage you've posted. Companies buy back shares because they are in a very good financial position and like their own prospects moving forward. Corrections are NOT larger because markets are healthy, they are only larger if the fundamentals or black swan events suggest they should be. Recessions are NOT healthy events you try to create, only a delusional knob like you thinks this way. The next "collapse" will NOT make the "last collapse look like nothing ever happened", that was a once in a lifetime collapse that makes newbie traders like you think it's a normal event. Again, get educated and stop posting shit on here every day. Your whole idea that the size of the bull market will influence the size of a correction and that revisiting past levels is inevitable is complete garbage.
He has no clue what he is talking about, and never has had a clue. A lack of understanding of fundamentals ( eg what an equity represents, how to read an income statement, etc etc ) and absolutely no understanding of market history are two of the foundations of his ignorance. To S2007S, it's all just numbers and charts that he thinks randomly move around and eventually end up in the same spot regardless of economics or company results. Anyone trading on his advice got wiped out from 2009-2013. Or if they are lucky, they started trading in 2014 and are taking the same random triple bull or triple bear ETF scalps he takes and essentially just gambling on nothing really ( no different then betting red or black on a roulette wheel taking his strategy, except the house advantage on holding any of those past day trading is worse then a casino ).