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Misc Stock Market

Someone or some group is screwing with retail. They are hammering the market with big e mini buys with light volume to create a gamma and short squeeze. Normally they do this so they can get a better short entry point.
 
The way Google is behaving flat out says that this week is a breakout attempt fail by the Nasdaq.

It doesn't need to be doing great, but this behavior reminds me of what we saw before that big leg lower by it in April and if it's taking another big leg down, I call bullsh-- on the Nasdaq being out of the downtrend.

It's incredibly stupid that we're doing this off a company that has no idea how to guide and manage the street though. Unless Google gets Amazon'd or Facebook'd, odds are pretty darn good that SNAP is going to push the Nasdaq more than Google in a single day.
 
Chips were straight up last week....and now....straight down. Tech really sucks when semi's are this bad.

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nothing looks appealing, had a great week last week that turned into an OK week and now nothing looks good to buy or short

Large cap tech earnings this week coupled with the Fed. Pure guessing game and I don't feel lucky...
 
Oscillator probably in the low teens after today...so not extended, neutral. Tomorrow could rally I guess.

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KyloG said:
Housing has fallen off a cliff...is the Fed really going to keep hiking. I think a pause is coming in September heading into mid-terms.

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Demand destruction is a b****. There is a lag and the numbers will continue to get much worse heading into mid-terms. The left will be hoisted on their own green petards.
 
weatherfide said:
Demand destruction is a b****. There is a lag and the numbers will continue to get much worse heading into mid-terms. The left will be hoisted on their own green petards.
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They will redefine demand destruction to be best economy ever.
 
Weekly Q's chart....reminds me of what we had in April. Reclaimed the 8wema and then promptly gave it up and then vomit fest started.

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KyloG said:
Weekly Q's chart....reminds me of what we had in April. Reclaimed the 8wema and then promptly gave it up and then vomit fest started.

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...lines up with my intuition saying this is the next giant leg down for Google and the Nasdaq fake broke the downtrend last week.

Just made 0 sense that SNAP pushed it off the cliff, and it's going to get polished off by something tonight me thinks.
 
Cold blooded market…tech was donkey punched and now this. ?

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Msft ripping. These were the 2 headlines that stuck out. ??

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