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Misc Stock Market

ES rejected $4380 again...4th day in a row. Like I said above...I am hoping for a down open, or dip at open down to $434-$435 and I am going to swing everything I got long.

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$SNOW the epitome of overvalued in this ridiculous market getting hammered after hours. Almost $90B market before close, reported $380m in quarterly rev with $133m loss. $90B market cap...what in the actual heck is going on.

I don't think some bulls know how to spell valuation....

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$SNOW the epitome of overvalued in this ridiculous market getting hammered after hours. Almost $90B market before close, reported $380m in quarterly rev with $133m loss. $90B market cap...what in the actual heck is going on.

I don't think some bulls know how to spell valuation....

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I remember when that one came out a year or two ago. Overvalued out the gate
 
Tech getting super tight...it backtested $13900 area multiple times this week...things get weird if it can clear that trendline with power.

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SPY reclaimed the 8/20/200 dema...

VIX is fighting $30...need it to stay below to really rally.

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I'd be inclined to say that the Nasdaq shouldn't have jumped 220 points yesterday at all to be honest (240ish for NQ). Because while it has had its moments where its shrugged about movement by ARKK (or small and mid-cap growth tech in general), since it threw away that +1% on the day that Powell was renominated in November, it has had a much harder time of doing so most of the time.

Only thing here would be that NYSE breadth was so good (3 to 1 advancing to declining) that it may have just been an ARKK thing (and at some point, there is going to be no interest here anymore about its movements, we just haven't gotten there yet).
 
FTSE on dead lows...that's not helping. Need them to ring the bell so we can rally.

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