SPY/SPX hasn't closed below it's 20wema in 18 months....that looks like it's going to happen today. I scalped a long off the down open and took profits and got out. This is a quick moving market, get in and out and book profits. Nothing else on.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
rambleon
Member
SPY and TSLA have been fun to play puts last week or so. They are following levels to a T.
Little annoying...they just refuse to let the SPY/SPX close below it's 20wema. The violent buying the last hour was nuts. SPY is now a little over 2% from ATH's...I don't know how they will ever get this market to go down.
MVIS "might" be getting interesting again, yes I still hold that stock and I believe with good reason. Like I told @Rain Cold I'll ride it to glory or off the cliff Lol
Anyway, follow the bouncing dots with me here.....
Some of you know that a couple years ago MVIS tech was finally confirmed to be in MSFT's HoloLens 2 (the AR headset), in fact, that HoloLens does not function without MVIS "engine" inside. MVIS had a horrible royalty contract with MSFT that expired at the end of 2023.
Also, MSFT is the developer of IVAS (Integrated Visual Augmentation System) for the US Military and a couple years back, they won a $22B contract to develop this for the DOD. It has been widely speculated that since IVAS is based off of the HoloLens headset, that MVIS tech is also in IVAS, although this has never been officially confirmed. The IVAS program has also had some setbacks here and there which has delayed final production.
Fast forward to today: Anduril announced in February that it was partnering with MSFT to finalize the IVAS program (pending DOD approval, which is likely) but per the news out (like the article linked here it seems more like Anduril has taken over the project more than partnering). Why is this a big deal for MVIS?
The CEO of Anduril, Palmer Luckey, is fairly active on social media platforms, including X and Reddit. 13 years ago Luckey responded to a question on Reddit with this:
**Then 13 days ago Palmer Luckey came onto the MVIS Reddit page and started a thread by simply posting a screenshot of the question and answer he gave 13 yrs ago**
After he shared this the price did pop somewhat and volumes increased greatly for a few days, although it has cooled since then but...
An X poster shared the below thread yesterday on X
2 hours later without any context Palmer Luckey shared this
Coincidence? Maybe. We all know how these eccentric billionaire CEOs tend to act on social media platforms at times. It does seem he is at least pointing, vaguely, to the fact that MVIS might still be in IVAS. Maybe he is hinting at some type of partnership or acquisition, who knows, but it has made a relatively boring stock for the last 2 years, rather interesting again!
Anyway, follow the bouncing dots with me here.....
Some of you know that a couple years ago MVIS tech was finally confirmed to be in MSFT's HoloLens 2 (the AR headset), in fact, that HoloLens does not function without MVIS "engine" inside. MVIS had a horrible royalty contract with MSFT that expired at the end of 2023.
Also, MSFT is the developer of IVAS (Integrated Visual Augmentation System) for the US Military and a couple years back, they won a $22B contract to develop this for the DOD. It has been widely speculated that since IVAS is based off of the HoloLens headset, that MVIS tech is also in IVAS, although this has never been officially confirmed. The IVAS program has also had some setbacks here and there which has delayed final production.
Fast forward to today: Anduril announced in February that it was partnering with MSFT to finalize the IVAS program (pending DOD approval, which is likely) but per the news out (like the article linked here it seems more like Anduril has taken over the project more than partnering). Why is this a big deal for MVIS?
The CEO of Anduril, Palmer Luckey, is fairly active on social media platforms, including X and Reddit. 13 years ago Luckey responded to a question on Reddit with this:
**Then 13 days ago Palmer Luckey came onto the MVIS Reddit page and started a thread by simply posting a screenshot of the question and answer he gave 13 yrs ago**
After he shared this the price did pop somewhat and volumes increased greatly for a few days, although it has cooled since then but...
An X poster shared the below thread yesterday on X
2 hours later without any context Palmer Luckey shared this
Coincidence? Maybe. We all know how these eccentric billionaire CEOs tend to act on social media platforms at times. It does seem he is at least pointing, vaguely, to the fact that MVIS might still be in IVAS. Maybe he is hinting at some type of partnership or acquisition, who knows, but it has made a relatively boring stock for the last 2 years, rather interesting again!
LickWx
Member
Hey, grocery prices ain’t getting cheaper but at least the price of stocks are !
JHS
Member
Dow Jones will be back to 25000 before this is over. Possibly much lower than that depending on how things turn out. A 1929 repeat, or worse, is very possible right now.
JHS
Member
Tariffs are just the start I'm afraid. IF something happens to Social Security all bets are off. There are other things as well, but I'm not taking chances and talking about them here. I will say I think very big things start to happen sometime this month into April, then the biggest one sometime in June.
GeorgiaGirl
Member
Not gonna fully get into what I've whined about elsewhere, but I will say two things here...
Trump put: is likely around 4800-5000
As of right now, his team could not care less about the stock market, a detraction from Trump v1.0. They care more about treasury rates, and I am going to have to admit that they are successfully getting rates down on their own, so as of now, I'd have to say Trump's team is still in the mode of they think that they have been "EXTREMELY" successful for the first 6 weeks or so.
I will also say that you are only going to be successful here if you keep rates down and the economy starts really growing maybe after this year.
Trump put: is likely around 4800-5000
As of right now, his team could not care less about the stock market, a detraction from Trump v1.0. They care more about treasury rates, and I am going to have to admit that they are successfully getting rates down on their own, so as of now, I'd have to say Trump's team is still in the mode of they think that they have been "EXTREMELY" successful for the first 6 weeks or so.
I will also say that you are only going to be successful here if you keep rates down and the economy starts really growing maybe after this year.
Im prob a buyer on DOGE here under .19
Crypto getting shelled
Crypto getting shelled
Elon will layoff probably 700-800k employees. They are shutting doors on thousands of federal buildings, killing commercial real estate. They are killing federal contracts everywhere, except for Elons companies…that will lead to more layoffs in the private sector. Tariffs will send costs soaring but will eventually lead to economy tanking with 7-8% unemployment. Housing killed too with the layoffs. This will be the worst economic disaster of our lifetimes. Worse than 08-09.
broken025
Member
JHS
Member
Maybe but in the long term it's going down. WAY DOWN. How does a Dow Jones at 5000-10000 sound? It'll be there by July 1 if things go like I'm thinking.Green by end of week
broken025
Member
ForsythSnow
Moderator
The market is bound to correct still by a lot. I'm still under the belief that the longer we go pushing up and don't crash the worse it'll go. Housing values and prices likely will drop 30 to 40% I'd say after correction due to how overinflated and poorly built new homes are and have been, and yes purchasing will slow a lot as we are nearing the maximum limits our economy can work on. It's already getting to the upper classes and once it hits the stock market that's the crash. If you got anything after the bottom falls out to invest that's likely the best you'll be able to buy at, and the market will spend years recovering.
GeorgiaGirl
Member
I think predicting anything beyond a retest essentially of the old highs by the S&P and slightly under by the Dow is probably too hyperbolic. The Nasdaq is where I’m not sure, but 14-15k by the Composite seems about right.
But I will say this, if something truly does break with the government being hacked away at, I just don’t know that you’re going to see the same ramp up hard after that. There won’t be incentive for it since it’s been shown that pursuing full employment won’t get rewarded.
But I will say this, if something truly does break with the government being hacked away at, I just don’t know that you’re going to see the same ramp up hard after that. There won’t be incentive for it since it’s been shown that pursuing full employment won’t get rewarded.
Stock index futures are down sharply as a result of the midnight implementation of new tariffs on Mexico, Canada, and China along with retaliatory tariffs:
Futures are currently down 180 for the Dow and 175 for Nasdaq.
Nvidia, which was down a whopping 8.6% yesterday, is down another 3% now!
Futures are currently down 180 for the Dow and 175 for Nasdaq.
Nvidia, which was down a whopping 8.6% yesterday, is down another 3% now!
SPX is up almost 80% over the past 30 months....it's 4% off highs. We are officially in a trade war...we are at historic lows for unemployment which is going to be changing drastically. Real estate will plummet. It's not difficult to see where we are headed.
I wasn't bullish on this year before we found out what Trump was going to do...but now....
I wasn't bullish on this year before we found out what Trump was going to do...but now....
I went all cash a couple of weeks ago and I see no compelling reason to buy this dip. Now, if Trump comes out and pulls back on Tariffs and says layoffs mostly over then that would change things.
So, what’s to keep Trump, Musk, and other Trump admin folks from buying stocks while the market is down from new tariffs (like now) and then announcing a cancellation of the new tariffs so that their new stock holdings rise and they can then sell at a quick profit?
GeorgiaGirl
Member
You could see a snapback rally at some point, but this is legit, and while I do think there'd be a reversal closer to the 2021 record highs, they aren't going to feel successful unless the US10Y is closer to 3%, I think.
It isn't just tariffs here. The hacking away at government may have ground economic activity to a halt.
It isn't just tariffs here. The hacking away at government may have ground economic activity to a halt.
JHS
Member
Nice.
Do these people think fetanlyl is coming in through Canada or something?
GeorgiaGirl
Member
Yeah, Canada being named here makes this bull.
I'm not going to say that the amount of fentanyl that comes in is 0 from their border, but this would make much more sense if it was just Mexico.
But heck, Mexico's been sending cartel leaders to the US apparently in an attempt to stop this.
Apparently we're going to do the tariff thing for a couple weeks at least.
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Long way to go before I’m interested again
They literally just did that...Trump pumped Bitcoin over the weekend...Eric Trump pumping...some whale was 50x leveraged long into that and then sold really quickly. There is a reason Trump/Elon are spewing the word "fraud" left and right...it's to take away the fraud they are doing. Elon is a big holder of the DOGE memcoin and he happens to call his govt agency DOGE?
But my opinion is Trump is going to take this country to it's knee...rid it of anything Biden related...include stock market gains and then pivot next year.
The US/Canadian border is soft, very soft, so in a word, yes. In fact, I'd argue we don't have a complete understanding of everything that comes across that border
NCSNOW
Member
No it want, How about announcing tonight the payroll tax is gonna be be put out to pasture. Let everyone pay their federal taxes in one swoop like they do their property taxes. Everyone becomes numb to how many months out of the year they work for the Federal Thuggery.
We just hired 4 new employees.
" Somebody told us wall street failed, but we are now so poor, we couldn't Tell"
Downeastnc
Member
This probably isnt helping either...
Trump just pledged to increase tariffs on Canada.
Steven_1974
Member
Yeah this is bad. Soon their mantra is going to be make the depression great again.
LickWx
Member
Bad economies are associated with increased rates of alcohol and drug abuse as well as suicides… none of this is promising and as a young 24 year old this isn’t really making me hopeful
Tho tbh let’s be real, they want the depression era societal norms back
NCSNOW
Member
Dumped the whole 401K into IAU about 11 months ago. Smartest money investment move I ever made. Gonna ride it till I die or go broke. None of the old golden rule, buy quality and diversify. Just straight up river boat gambling investing. Im already wealthy in so many other ways, the money is irrelevant.
NCSNOW
Member
Hebrews 13:5-6