People hiding money in Apple...full on tech crash and Apple flat. Kind of dumb...it's not cheap by any means and with tech selling off you would think this would follow soon. But...still just short SPY from $643...shorted Tesla today too...that has no business being $330's.
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Closed NVDA/AMD swings out quick at $173 from 169.30 and AMD at $163 from $160.30. In these market I will be in/out of quick swing longs. See how the afternoon goes....been a good day and won't get chopped up.Alright...covered my SPY/IWM shorts at $634/224 and now put on NVDA at $169.30 and AMD at $160.30. I won't be in these overnight or maybe even until close...Qs is really really oversold intraday.
Little stunned how bad this market is...I went all cash in 401k last week and in swing account and 50% cash in IRA but didn't expect this. This is 2022 price action...Market is stuck in mud today. Nothing on. Waiting until Powell saves the markets tomorrow. I know I won’t do much tomorrow. Terrible market right now.
Looks like interest rate decrease is getting more likely.