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Misc Stock Market

monthly chart of SPY/QQQ...one of the great bull runs over past 10 years. With inflation here, higher rates comes, higher taxes...:oops:

Would be nice to get another 2015-2016 consolidation.

Screen Shot 2021-05-12 at 12.07.12 PM.pngScreen Shot 2021-05-12 at 12.07.00 PM.png
 
Anything is always possible but I sure didn't think SPX futures making a new ATH on Sunday night was going to be followed with...this.

That's a lot like early September. That and the NYSE A/D suggests that "THE" top is not in, but I think you can officially say we're done for now all around (not just tech, but everything this time). That was a brilliant run though from early November!
 
ARK's just about ready to make a lower low I think and in the case of today nothing else has dropped their gains completely yet.

I don't think tech can rebound until the ARK saga ends and although they have a lot of overpriced stuff...it might be prudent to get a shopping list ready for their most interesting stuff just in case the redemptions do get to the point of causing liquidations in this world. Like CRSP, for example.

Edit: It did make a lower low after all.
 
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NoSnowATL said:
Etherium- Patience on this one but I think it’s a great long term. Bitcoin ish .... maybe?
Click to expand...
I'm extremely bullish on ETH - also Polygon/MATIC (associated with ETH - may plummet after implementation of ETH 2.0 - not sure)
I believe BTC dominance *may* be over - I've dumped all of my BTC "mining" stocks
Proof of Work will cease to exist in the future
 
$SPY 1.5% off all time highs and yesterday when we woke up the thought was the market was going to meltdown y2k style. I did long some $QQQ, $SPY and $NCLH yesterday so that has helped. I just sold the $QQQ and $SPY though...
 
4:45 yesterday morning:

Dow futures: 33220

S&P futures: 4031.25

They closed at 34352 and 4173.25 for the week (this includes the hour after the market closed).

...lol

Europe also looked like death yesterday and recovered a lot after about around that time period too (not for sure, but it likely was around then).

I'd like to see a couple more days though. Possible another bear trap was laid but then the second half of the month is approaching and they've all been weak this year.
 
drfranklin said:
Seeking Alpha is now calling a "Bitcoin Crash"
Click to expand...

Usually a good sign a bottom is near but with the whales and institutions involved in crypto, if this doesn’t turn around soon it could be a contagion event. Probably already is a minor one, in fact...
 
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