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Misc Stock Market

Jon said:
People forget if it’s not passed he can say at least he tried. Many in the finance world says highly unlikely. Maybe another bill with a % closer tor he 30% mark will pass instead. Who knows but it seems kinda knee jerk right now, and bounced pretty well today considering the news. Oh yeah and Democrats hold wealth also. Lol
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You're not wrong as I said in my first post today in here that I think more people in the senate than Manchin would block this, and it's probably even more people than I'm thinking to be honest (I was thinking of 3 other senators, but based off a twitter thread I'll link, it'll be more)...

Gary Black on Twitter: "I spoke with a Washington source today about Biden’s proposed 43.4% cap gains rate for those >$1M (39.6% rate +3.8% inv inc surtax). She said like w/Infrastructure, this is Biden’s negotiating style, and he won’t get Dems from wealthy states (NY, NJ, CT, CA) to back a 35%+ rate." / Twitter

Doesn't mean I wasn't still disappointed, but I'm feeling a little better now. There's still a bit too much chicken little'ing and stupid going on. There will likely at least be a 2018 like move at some point within the 12-18 months, but I feel like it's not that soon.

Karma hasn't bitten people enough yet.
 
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The Dow Transports had a record close just this Wednesday, until you get them to actually stop, based off Dow theory, the Dow most likely needs to see more records even if it does need to go lower in the short term, and it likely does based off its tendencies in 2021.
 
Considering that the Nasdaq dropped 3% in one day at seemingly a drop of a hat in the middle of last month while it was trying to recover and then last week the Nasdaq-100 traded to the highest that it has ever traded, I have no idea why I didn't just walk away yesterday.
 
SPX drops 1% yesterday and you get all the **** talk that I saw yesterday and it was for what?

As although it looks like it's not closing there, it set another ATH in this hour.

Edit: Oh and it's a Friday, so that ATH that it set earlier today can't be a local top either.

Edit2: Dow Transports with another record close, based off Dow theory, it's very unlikely the Dow is done but it is unknown if whether it needs to pull back further first.
 
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KyloG said:
WTH MVIS? I imagine we have WSB to thank for this?

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Some no doubt, with volume over 116 million today.... but also kind of a perfect storm type of week. LiDAR A sample complete this month, EC scheduled for next week (although they have had in April before it was moved up a week earlier than last years, assumption is will be some A-sample update), the 8-K filed last week regarding CEO contract (had CIC language in there, while some of it boilerplate also some hints something is brewing), throw in Cramer calling it a "battle ground stock" and to "avoid it" well WSB nuts hate him and jumped all over it.
 
Haven't traded $PYPL in a long time but I added it to my long term account this afternoon.

Nice flag building, coiling, bounced off $260 3 days in a row.

Screen Shot 2021-04-23 at 5.11.06 PM.png



And tech...geez, what a nice looking chart. Many tech stocks have same pattern, nice cup and handle forming. If this is a rug pull it's going to hurt.

Screen Shot 2021-04-23 at 5.13.56 PM.png
 
If the last three days weren't a lie, the smaller Nasdaq stocks are finally alive again after they had been asleep for seemingly forever, and if they're waking up "just now" for another run, I don't think that's a sign of this index stopping.

Tech earnings could be make or break though, maybe we get a set that the street likes and it'll help the Nasdaq-100 break the 14kish resistance.

The S&P is also building a triangle, and we saw a triangle pattern work with the Nasdaq a few weeks back.
 
Small caps are key, OTC seems to be tied to how they and SPACs trade right now. OTC has been green with some big runners past few days, several like GVSI, PJET, WTII ran over 100% today.
 
TNX may gap up tomorrow and make me look like a ? at least temporarily but I think that rally ended for the time being because of what's been going on in the world. Part COVID worries (even if the US is seemingly doing fine) and part it seems like the economic recovery is finally coming into question a bit.

If I were to guess, it'll be 2%+ in the end this year though.
 
Dumped the rest of my MVIS today. Dumped some other day at 18 as well. This thing will probably go back down and I want to play it right . Lots of inflation and overvalued stocks right now and I want to take my profit when I have it . As of now I own no more MVIS. Now if only I got a chance to dump my worst stock ever MCOA ..... @Jimmy Hypocracy waiting on the stimulus check you promised me ! Imagine MVIS goes gme style short squeeze before dumping lol. I’d be pretty sad .
 
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