Bull market back on I guess. JOLTS was weak but market don’t care. Everything ripping. Swings are all working. I don’t ask why or how…they just give money away in this market when you buy dips. Ride it until it bucks you.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Ouch
ADP weak this morning but market just keeps pushing higher. Ride it until it bucks you…
I don’t get it but I try not to dwell on it.
Large cap tech is so strong...this is typically a very bearish week and they are putting in some strong weekly candles.
tough to be bearish when you are looking at this...just a couple of strong names can keep things from rolling over
tough to be bearish when you are looking at this...just a couple of strong names can keep things from rolling over
GeorgiaGirl
Member
That might be a record close for the SPX, this is stronger than I was imagining when I said crisis averted lol.
Economy adds disappointing 22,000 jobs in August, jobs report shows. Unemployment rises
Employers added just 22,000 jobs in August as Trump's tariffs, federal layoffs and immigration crackdown posed risks for the labor market. Unemployment rose.
www.usatoday.com
Market is a complete clown show. July payrolls was revised negative. I imagine Aug will be too. I closed all my swings after open and raised more cash in my IRA. Still all cash in 401k. We are headed for big trouble.
packfan98
Moderator
Definitely seems like there might be a bubble that will pop or deflate down the road. For now, they are betting on rate cuts to keep the good times going.
broken025
Member
Yes, I don’t short in my IRA a whole lot but I bought a huge short position in SQQQ at $17.30. This market is so absurd. But…it always goes up so tricky.
Yeah, me too. This market is so nuts. But weak labor market is typically a catalyst for full blown bear marketI’m mostly cash now too. I’m usually wrong though so expect a full on
Nomanslandva
Member
In the end, it was sort of a meh down day. If my Nvidia and AMD would not have sacrificed for Broadcom It may have not been bad at all. I wish I would have looked harder at GOOG and AVGO when you guys (and girl) were talking about them earlier.