Misc Stock Market

[KyloG]

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.

 

[GaWx]

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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It makes sense to me because Apple is making up for the months of doing nothing while other tech did well.

 

[KyloG]

PLTR looks done for awhile…crazy overvalued. At its peak last week it was trading at over 130x sales…peers are 20x…NVDA is 25x.

Not touching short or long.

 

[KyloG]

Went to all cash in my 401k today at SPY $640, only 1% off highs. Went all cash back in March when SPY broke $600…bought back in at multiple levels in the tariff crash with roughly avg of $540 and now all cash at $640. Market has been parabolic off lows…we got a weakening labor market and high inflation. Not good. We get a 8-10% correction I will start buying back in. We should get a seasonal correction over the next couple of months. Cash in 401k earns over 4%.

Went 60% cash in my IRA but have a hedge on now. Leave that and massage some stuff in there.

Swing account nothing on except a SPY short from $643.

 

[KyloG]

NVDA put in a large engulfing daily taking out its 8/20dema. This market can V right back up…it’s done it over and over but if NVDA follows through down tomorrow….that’s telling.