I am suspicious of this rally

Discussion in 'Trading' started by hajimow, Apr 1, 2021.

  1. hajimow

    hajimow

    Today S&P and DOW hit all-time high but 11 elements of DOW were in red. Many stocks like TSLA, M, BA,.... were in red. History shows that in these situations, we are close to a correction.
     
    DiceAreCast and aqtrader like this.
  2. maxinger

    maxinger

    Simply do day trading and stop investing.
    Then you don't have to worry whether this rally is genuine / real / strong rally or not.
     
    Last edited: Apr 1, 2021
  3. hajimow

    hajimow

    Part of it is addiction and the main part is that YTD, I have turned 550k to 930k and last year I have 380% return. Which investment gives me that return ?
     
    Math_Wiz likes this.
  4. Market breadth indicator?
     
  5. treeman

    treeman

    Ahhh, the church of large cap growth. Not so different than the gold bugs, really.

    by definition, the Nasdaq has no banks. Almost no energy. It’s not the market, and broadening markets are healthy. Ndx junkies are going to underperform.
     
    Last edited: Apr 1, 2021
  6. hajimow

    hajimow

    I AM day-trading.
     
    maxinger likes this.
  7. maxinger

    maxinger

    good for you mister.
     
    gkishot likes this.
  8. ET180

    ET180

    Or use option spreads instead of long stock. That's what I have been moving to lately.
     
  9. Buy puts
     
  10. S2007S

    S2007S

    S$p to 5000 by end of year. Thats only 25%. Easily achievable when the fed is back stopping it.
     
    #10     Apr 1, 2021