only a few horses are leading the charge (your typical beloved AMZN, TSLA, FB, AAPL, GOOG, NFLX) while other indexes are lagging behind.
If you take this post and that chart and substitute FAANGT with CSCO, MSFT, INTC, DELL, QCOM, ORCL it would be exactly like late 1999
AAPL, TSLA, CSCO, INTC, MSFT, AMZN, NFLX all didn't have an especially good day on Friday. Though FB did ok. Although one day in the grand scheme of things pfft Meanwhile NDX closed within the range of Thursday - strange.
When the free money helicopters finally run out of gas you'll be able to post the same chart - except down this time. Possibly farther.
the wise uncle B said "buy low, sell high". the chart is telling me I should stay out of the market. gold movement is also interesting. GSX was such a pig!
Might be waiting a while on that one - few years at least. In the meantime there seems to be no direction but up, for everything.
I agree. I expect quite the explosion to the upside before we get to what I was referencing. Bouts of volatility on the way up there of course. I suspect a move above old S&P or Dow highs from Feb. will pull in another new wave of buyers as they "decide" all is well.
Friend, the market is always ahead of what is to come. Many companies are out of the real price, airlines, cruises ... etc
what's the point of the thread? I could show half a dozen stocks w/1000% delta on the same time period