Tech Stocks Keep Tanking?

Most scariest ... has yet to happen.

 

I don't think Nasdaq is heading back to 16,500... Anyone disagree? This rally will probably last for 1 more day than we'll see a huge drop. Just based on the graphs anyway.



Not looking good we didn't close strong today. Netflix is down 23%, maybe i'll wait for a 40% drop before picking some up.

 

Talk about a bounce and then another drop, IMO that would be NFLX of any of the FAANGS.

 

You making me question if buying at a 40% drop is worth it now. I find it funny Nvda isn't in FAANG. It's got all the FAANG volatility and market cap.

 

Hmmm.... But remember, X-Mas earnings season is upon us. Don't be hasty!

 

I don't mean to sound like a bear, but I think it'll probably tank than come back up halfway for earnings. lol Plenty of time left for that move.

 

Oh no worries, that's fine. We each have our reasons for picking the directions we choose.

 

If the free money from Powell is over the only reason for the markets to rise anymore is great earnings. If it doesn't happen then the QQQ will fall precipitously. It could be December 2018 redux.

I mean the profitless ARKK stocks have already collapsed. They are similar to the worthless dot bombs from 2000. Heck Chewy could be the mature version of Pets.com.

I'm curious to see what happens to the WSB stocks & Cryptos and see if they will survive the end of the free money train.

 

Better to swim .... with the current. IMO looks headed to $480 area. Maybe $520 area gets a bounce.

Both of which I guess are less than 40% drop so who knows.

40% = approx $420.

 

When I said "one more day" I didn't mean today..