Misc Stock Market

[KyloG]

This market looks like crap....SPY/DIA/IWM all look terrible but the MAG7 absurdity is keeping SPY propped up. Would be stunning if we don't see a sharp down couple of days in the next week or so.

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SPY finally gave up that upper channel...mega cap tech valuations are laughable at the moment...I wouldn't touch the Qs anytime soon. I am probably done for the year. I will leave NVDA on and if it gives up yesterdays low then I will stop out.

S&P500 is up 75% since it's lows from 2 years ago...this has all gotten ridiculous. SPX usually averages 8% a year and it's 75% in 2....

 

[GeorgiaGirl]

Welp

Last year at this time, the Dow was projecting that a move to all time highs was likely by the S&P and Nasdaq.

This year, it's likely projecting that it's game over for 2025, and it's not likely that you'll get something impressive out of smalls for this post election run.

 

[Jimmy Hypocracy]

Whoa

 

[Jimmy Hypocracy]

Now we’re taking

 

[KyloG]

Swoosh down...this clown show of a market just gave up weeks of gains in a little over an hour.

 

[KyloG]

Micron plummeting after hours...must have missed earnings. Tech down 4% for the day...

 

[Triplephase93]

Looks like most major crypto down 6-7%. Even BTC down over 3%.

 

[Jimmy Hypocracy]

Swoosh down...this clown show of a market just gave up weeks of gains in a little over an hour.


View attachment 156213

Indexes up 50% in under a year. We just can’t go on like this

 

[Triplephase93]

After hours getting worse. Sheesh

 

[Jimmy Hypocracy]

Yike. They can’t have your retirement portfolio doubling every year because if everyone retires at 40 there will be no one left to work.

 

[KyloG]

Indexes up 50% in under a year. We just can’t go on like this

Yeah, agreed. Why I am not super bullish for 2025. The valuations for the mag7 + AVGO are absurd. Apple trading at 10x sales...Tesla trading at 14x sales and 130PE. AVGO trading at 23x sales. Nowhere for them to go...

 

[Broken024]

What happened lol

 

[vtrap90]

What happened lol

https://www.npr.org/2024/12/18/nx-s1-5230508/federal-reserve-interest-rates-economy-inflation

 

[Jimmy Hypocracy]

What happened lol

@KyloG probably shorted and made trillions

 

[KyloG]

DIA/DJIA down 10 days in a row. Hasn’t happened in more than 50 years

 

[KyloG]

SPY was well above its 8/20dema and now just vomitted past its 50dema. Unreal candle.

Nothing typical about this market.

 

[KyloG]

Market looks like crap this morning...would be surprised if that trendline hold on the Qs today...or maybe tomorrow it breaks.

Qs gave up 2-3 weeks of gains in 2 hours yesterday...definition of a very thin market.

 

[KyloG]

SPY needs to fill that gap down to 576...that would be all the election gains wiped out.

Tricky time...nobody wants to close positions now and pay taxes in March on those gains and the gains they took last Feb-March.

 

[KyloG]

NVDA swing only thing I have on and will let this marinate...$128'ish avg.

 

[KyloG]

This market looks like crap....SPY/DIA/IWM all look terrible but the MAG7 absurdity is keeping SPY propped up. Would be stunning if we don't see a sharp down couple of days in the next week or so.

View attachment 156151

Yep…sharp down week was super due