Premarket bid and asks are way too wide. Looking to short TECS and NVDD These are only swing trades since I have a feeling the nasdaq will go green mid day
Nasdaq futures 600 points off lows. Too bad this wasn't during normal market hrs. Nope. That was the volatility we needed to trade, it's all getting absorbed in the pre market all while stocks come off lows that no one could possibly trade.
Speculation that long tech stock positions were financed by the yen carry trade and that is unwinding.
We could see a 5% drop in SP500 markets today easily. It also could be a really Bloody Monday. Now I am expecting a bear market with some 25% drop accumulated in the coming weeks, I also sold my long investments above 5400 SP500 level on last week on Thursday. Thus being flat as a pan cake now.