Current new highs / lows as of 11:22 AM EST
Only a few stock being pumped up via short term option playing daily( big boys). That is causing the DOW, NASDAQ and SPY to end green for the day when the Advance- Decline is way in favor of the Decliners. Someone is pumping these up and it is not retail traders! Amazon up yesterday (4%) and the news was about the deal with 1 Starbuck store in NYC, Starbucks down? A lot of action in the 3700 calls, which close out mostly each day, which pushes stock higher without having to buy the stock. Looks like they are at it again today. The game!
Current new highs / lows as of 11:22 AM EST
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I’m very, very concerned again with the rapid reappearance of the Hindenburg omen. I’m seriously considering bailing out in the next few days.
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This is Monday's new highs / new lows. The Nasdaq made a new all time this morning, and had 554 new 52-week lows on the same day.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Yep the "S" fund is kicking my ass.
May the force be with us.
Hindenburg Omen is blowing up the market today. I’m out. Good luck!
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The only thing preventing a full blown crash is TSLA, MSFT (both heavy insider selling), AAPL, NVDA. The beauty of market cap weighted indexes is one or two stocks can move an entire index regardless of what everything else does.
So many stocks are down 50-75% from their highs. Stocks that were supposed to be the new era, PTON, ZM, ZG, TDOC, BYND, ROKU, PLTR, SQ, SPOT..... The darlings that rocketed high have only managed to fall even faster out of flavor.
Tax loss selling has been a major drag on markets and seems to be accelerating.
Interesting comment on tax loss selling. Hummm... I thought that would happen more towards end of December. Thanks for your insight Bullitt!
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I wonder if it has to do with profitability. So many of those are not profitable yet. Everyone piles in early expecting explosive revenue growth with hopes for profits later. When the profits don't come, or turmoil hits, investors move to profitable companies, aka those megacaps you mentioned. Just a thought/theory.
They have a set date. I think this one is on until mid-February 2022.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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