QQQ went from low of 220 on Monday to 230 on Wednesday overnight trading that is 5% in two days. 5% range is huge for the market. that is a rare price gap. only see that kind of range market crashes or blow off tops. is this another rocket to higher. as short get squeeze even more. like the market double from here or triple. to insane valuation like amazon worth 5 trillion in 1999 stocks with no revenues was valued at 500 million that was how insane valuations was. and amazon was just book vendor in 1999 with a 1 billion dollar market valuations and losing money that was in 1999 1 billion would be like putting a 10 billion valuation on internet book vendor. that was losing millions selling books. now look at facebook which the QQQ mimicks that is huge range in little over three days large gaps it's short squeeze in 1999 the market doubled in 6 months and it was short squeeze too.? there is no selling and too many open overnight short positions. market wisdom: the market can be irrational longer than your are solvent. unless your are shorting individual stocks this 'market' is insane and illiquid. absolutely no selling and short just keep bidding and adding shorts.? blow off tops is when all the money is dried up. no buyers to buy and people start selling their stocks find there are no buyers other than shorts who were buying the market is like vacuum absolutey nothing in the top and no bids other than market makers. totall illiquid for trading long term. screwed if you long or short position for short term trading. screwed by the rigged market. as for crash of oil ..all commodities crashed....oil going to $150 in 2009 was speculative hedge fund pouring money into it too. there is tonnes of oil and oil sands. there is plenty of supply and lots of wealth or resources, no need for rising prices. rising and increase prices is bad for the economy as people are poorer if incomes don't rise with rising income or employment that is stagflation worse then deflation. deflation or when prices don't rise is not that bad and means prices a stable. rising hyperinflation is usually a bad sign.usually wars etc. or short supply from bad weather or other things
It's been a little worst than normal I would say, but it's still the same game. Suppress price most of the day to get retail out, weak hands and to get shorts adding in, then squeeze them end of day / overnight. Of course if supply dry's up market is likely going to go up, it's difficult to short this market. Not saying I am trading it perfectly, because I am not. Today I did exceptionally bad letting them tire me out despite knowing what they were potentially doing and got rid of most of my longs way too early. But what can you do, can never trade it perfect
%% Like P Tudor Jones said, in 2020; its like 1999.QQQ went from $55 to $120 area,2000.QQQ looks real cheap; its only up 7.34% YTD. $213+/ start JAN 1st, wonder if it goes to $426, in 2020??
it's not buyers who are bidding from 220 to 230 okay if you were short the market at 220 and had no stops in the NQ your screwed and wiped out. but it's the hedges that these hedge funds, they short and long the market. but still it's not buyeres bidding the market up.
at least half the companies that was in the QQQ is no longer in the market or has gone BANKRUPT. don't be fooled by the 'market' these geniuses replace the companies in the QQQ companies get delisted from the index or known as the 'market' like oil stocks or pot stocks or solar stocks many of these companie are delisted and bankrupt. the market is just a handful of fortune 500 companies or 100 nasdaq companies it's only 600 companies or maybe 10 stocks per sector. it's SMALL illiquid company shares that is highly controlled. same with commodities 5 companies control price of coffee or buyers...there are only less than 20 investment companies that buy stocks. these 20 companies own or buy 99% of the buy volume less than .001% of the value or volume is from individual investors. these are professional who own the market.
only slightly. biggest difference is - in 1999 the dumb money was IN, today the dumb money is OUT. I asked for so long for people to mortgage the house to buy qqq, did you see anyone doing it? right.... dumb money is out... we are going MUCH HIGHER>
I have a few millienial friends who are dollar cost averaging Bitcoin instead of the S&P... Some people are just silly.
I would not call investment fund managers 'dumb money' The stocks in the index is totally different companies at different prices. so it's not like the same stocks are the indexes. retail investors is less than 1% exchange volume or ownereship stocks so it is not dumb money moving the market dumb money OTC stock penny stocks where 99% of the equities is shell companies are worthless garbage. professional traders don't waste time with penny stocks it's illiquid and scam don't touch those stocks these stocks are listed for money laundering and tax purposes. they don't want your investment. and i don't get this BITCOIN thing...where is the exchange located in trading?? and you have financial regulators on my back for depositing cash in my bank.. Bitcoin exchange is the ultimate and money launders dream okay. and SEC or gov't doesn't seem to care. and the regulated exchange CME or CBOT even trades bitcoin futures > you might as well trade futures for the weather. trading bitcoin futures is like people making bets on the weather or sports. it's BS okay