Apes at it again
Citadel wins againApes at it again
Last time the SPY/Q's got this extended from it's 20dmea was last Oct/Nov. That was a 10% move in the SPY...this rally is almost 20% in SPY and it's 23% in the Q's.
I did close out my swing longs today when it gave up $333.50 on the Q's this afternoon. Something doesn't feel right but I don't think it's going to fall apart either. Very tricky.
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Inflation Reduction Act? Do they think we are stupid. ?
$7500 EV credit...meanwhile every auto mfg just jacked up the prices of the EV's by more than that. Makes sense.
It will be interesting...when we lower inflation and come out of this recession, whenever that is, what will happen to home prices. Builders are not building and developers are not developing. Prices are going to go through the roof, again.Anecdotally, I'm passively looking for a new home and the amount of price drops, back on market or new listings these past few weeks have been staggering compared to earlier months.
Stocks at ATHs with no recession, no inflation, and rates at 0.FOMC meetings could have literally said we are all going to die and market was going to rip higher. Apple even more parabolic...80 rsi coming fast.
Not chasing anything nor am I shorting anything. I don't like when the market gets like this, I usually get chopped up.
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Not a bad idea to watch for a while and get an idea of a company you believe in's trading channel. When it goes below that channel its a good time to make a small buy in with the thought that if it continues to drop you can buy more. Keep short term capital gains and long term in mind as well. There were some deals to be had this year, a lot less of them now in my opinion.I’m still new to investing and still trying to learn! Read a lot on how the bear market is over and stock will start rebounding soon. I made some gains recently and sold yesterday as I’m not sure. To much volatility in the economy for me. Cryptos seem good outside of Sun/Mon when sell offs seem to occur. Looking somewhere to park my money long term and I’m just so indecisive on it!