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Misc Stock Market

And that spike by Tesla has officially been thrown away fully...yikes...starting to feel like a day where the Nasdaq ends up down 1%+ despite being up 1% early in the session...if so, it definitely had it coming given that it was on absolute fire (even considering what happened on Friday), but that doesn't mean that doesn't suck.

I actually don't have that good of a memory, but I remember things that stand out, and the behavior by Tesla at times is one of those things.
 
Can't say that I'm surprised that IWM has been down as much as over a percent this morning. While I think it's going to break higher, I was seeing too much "the coast is clear" stuff with smalls, and that's usually going to get punished.

Will look for a bit more of a slide, then add to that small cap value ETF I added a little while back, fingers crossed for a breakout...but also aware of the possibility that it continues to do nothing for the rest of the year.
 
OMG the move by Alphabet. My word.

Wasn't even expecting it to spike, and not only has it spiked, it's jumped as much as over 6%.

It almost for sure is going to cool off here and probably goes mostly sideways for a good while after that if what happened after that earnings report from February is a good measuring stick.
 
I am committed to IWM through Q4 unless it completely unravels. Yesterday was interesting but it held the 50dema and rallied today.


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4th time XBI has tried to get through that trendline resistance. Maybe time for bios to wake up. ?

Will take a position if it breaks through.

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Amazon with a whiff again on earnings, just like July...

Quite the uhhh...finish today (walked away and since there wasn't a meaningful market on close sell order, everything surged a bit into the close) but unless this Amazon reaction reverses like a few others have, the S&P and Nasdaq probably won't be closing at record highs tomorrow to back it up.

Still believe that a 2-3% dip is possible soon for the S&P, and then probably grind higher slowly for the rest of the year after that.

ETA: The supply chain constraints deal caught up in the case of Amazon and Apple, IMO. But I'm guessing that if you end up with the Nasdaq down big in pre-market, the dip gets bought and maybe this time it does end up at -0.7% (which I thought was going to happen last week, although we weren't far off in the end).
 
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I'd advise a solid look at PROG asap. Massive SI, CTB, shorts are out of shares to borrow....potential buyout, unreal patents that have been awarded in an niche with little competition....Check the chart. It's going to fly as a gamma/short squeeze soon, but this is an unreal long hodl play too.
 
KyloG said:
Trying VUZI again at $10.34...got stopped out a few weeks ago. Chart looks good. ?‍♂️

If it fails this time it's going on the DNT list.

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Been stubbornly holding VUZI and finally hit yesterday. ARK invest has been buying shares forever. This can get to $15 in the coming months.


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Alt season is almost here
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Man I hope MVIS gets back down to $1 again. I'm going to load the boat. I really want to believe in theor tech and direction, but it so feels like one of those scam companies to me where they always do offerings on pops and where the big "deal" or product launch is always juuuuust around the corner. Maybe one day.
 
$IWM...lot of chatter about small caps Q4. We shall see. Weekly chart looks ready.

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Tech weekly chart...last fall we got that 2nd pullback after the big one....this past spring we got the 2nd pullback in early May....will we get a second pullback to start Q4?

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Rain Cold said:
Man I hope MVIS gets back down to $1 again. I'm going to load the boat. I really want to believe in theor tech and direction, but it so feels like one of those scam companies to me where they always do offerings on pops and where the big "deal" or product launch is always juuuuust around the corner. Maybe one day.
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I'm with you here. Having traded all the nasty pinks over the years this has been following that playbook to a T. Which is ok I know that game. Wouldn't be surprised if there's another ATM, I mean they have to generate money because they aren't generating revenue. But I've been eyeing January levels for my re-entry, looks like we are there now though.
 
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You'd think that the most important NDX stock being down more than 3.5% would cause more than a gap down in NDX that gets bought. I sort of figured that this was going to happen, but it's still something to see.

I still think it pauses though, but then I didn't think it was going to set a record high this week. I'm thinking more a 3% drop though that may have started.
 
Rain Cold said:
Man I hope MVIS gets back down to $1 again. I'm going to load the boat. I really want to believe in theor tech and direction, but it so feels like one of those scam companies to me where they always do offerings on pops and where the big "deal" or product launch is always juuuuust around the corner. Maybe one day.
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I would fish somewhere else. It should go back up sometime, but, I believe you can find better
 
GeorgiaGirl said:
You'd think that the most important NDX stock being down more than 3.5% would cause more than a gap down in NDX that gets bought. I sort of figured that this was going to happen, but it's still something to see.

I still think it pauses though, but then I didn't think it was going to set a record high this week. I'm thinking more a 3% drop though that may have started.
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Every stock in the index could verge on bankruptcy and the index would still be bought. I know you don't really want to discuss anything, but until CBS cease with their easy money policies, that is the way it's going to be.
 
Rain Cold said:
Every stock in the index could verge on bankruptcy and the index would still be bought. I know you don't really want to discuss anything, but until CBS cease with their easy money policies, that is the way it's going to be.
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GeorgiaGirl said:
You'd think that the most important NDX stock being down more than 3.5% would cause more than a gap down in NDX that gets bought. I sort of figured that this was going to happen, but it's still something to see.

I still think it pauses though, but then I didn't think it was going to set a record high this week. I'm thinking more a 3% drop though that may have started.
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I can't rationalize tech (QQQ) being up 150% over a 3yr period. S&P up 90% over that same period. Valuations have become so historically high that I don't know what this market even trades around anymore. Seems like the mm's, tutes, are so good at keeping the indexes up by rotating money and with job market so strong people just keep pouring money into with IRA/401k/529. All anyone knows if you buy a S&P based ETF you will make 20% over the next 12 months, andy why shouldn't they.

I don't know what's going to bring down this market...banks are strong many companies are thriving. Even if the Fed raises rates I only see that as a temp downturn and the market will continue going right back up.
 
One more rant...I can't rationalize Tesla. Ford just reported $39B in quarterly rev, raised guidance and has a $65B market cap. Tesla reported $13B in rev and has a $1.2Trillion market cap. Toyota delivers 10x the number of cars as Tesla and has 1/4 of the market cap. None of this makes any sense.
 
$NFLX - has seen yoy quarterly growth decline for the past 3-4 years but yet it's stock has been parabolic for the past few months. Why?

I can't rationalize buying NFLX, it's not cheap...but what is cheap...

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KyloG said:
$NFLX - has seen yoy quarterly growth decline for the past 3-4 years but yet it's stock has been parabolic for the past few months. Why?

I can't rationalize buying NFLX, it's not cheap...but what is cheap...

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I keep thinking this may not end well. But maybe it really is different this time.
 
KyloG said:
I can't rationalize tech (QQQ) being up 150% over a 3yr period. S&P up 90% over that same period. Valuations have become so historically high that I don't know what this market even trades around anymore. Seems like the mm's, tutes, are so good at keeping the indexes up by rotating money and with job market so strong people just keep pouring money into with IRA/401k/529. All anyone knows if you buy a S&P based ETF you will make 20% over the next 12 months, andy why shouldn't they.

I don't know what's going to bring down this market...banks are strong many companies are thriving. Even if the Fed raises rates I only see that as a temp downturn and the market will continue going right back up.
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I do think the Fed announces taper next week but still think rate hikes are a little further out, although the bond market thinks that the Fed has been lying here.

In my opinion, I don’t think the Fed wants to halt QE immediately, like the Bank of Canada just did. Doing so would be admitting that they’ve been wrong, which I don’t think they want to do. It also might wreck the bond market as well.

Messaging probably matters the most when they speak next week but I think we’re going lower anyway next week, likely led by small cap and Dow type stocks, as that’s been the economic slowdown playbook.

(I still think smalls eventually break to the upside, just a dip here)
 
$IWM - chips have been pushed into IWM for several weeks now and it's going nuts today. I actually moved some money over $IWO on Friday, they do follow each other but the IWO could outperform IWM a little if they want to push to ATH's.

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MVIS clawing back this morning. I don’t think I’m adding this one until it breaks 04874620-DADF-4AB5-9E64-0C3E574E1034.png
 
KyloG said:
Been stubbornly holding VUZI and finally hit yesterday. ARK invest has been buying shares forever. This can get to $15 in the coming months.


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Friday wasn't a good candle but today it storms back. This thing is so tricky but I think it looks good still.

Can see $13.50 going to be some resistance...still holding, I like this for a Q4 run. It has earnings next Monday so that makes me nervous but will deal with that on Friday.


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Tesla ?

$1.2 trillion market cap company that is parabolic. Running like an AMC/GME. What has this market come to. ?‍♂️

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I remember reading something from a guy that's smarter than me about gamma that said that he didn't think the gamma squeeze game was going to be easily playable in Tesla once it became a member of the S&P...well now it's happened twice (latter part of last year into early this year and recently).

I don't know when this is going to stop but it's going to and likely eventually falls 30%+ again, and maybe we'll do this cycle again...or maybe the Nasdaq will fall 20% (my guess is next year at some point in the year but your guess is as good as anyone's on when).
 
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