This is hilarious . Piss ant Pltr worth $400 billion with $3.7 Billion of sales explodes the mkt on earnings last night. Amd,Smci and snap have crap earnings and fall big yet the overall mkt yawns . Excluding 15-20 tech stocks overall earnings this qtr have been atrocious .
It's the power of AI. In fact, all the AI behemoths, OpenAI, Google, Amazon, Microsoft, etc are kissing Pentagon's ass. Now that Trump mandated "AI is my dick" bill, it's only going to empower these cocksuckers even more. Oh Lord, I do apologize for the graphical lingo for you sensitive souls.
While V bottoms seems frequent enough even on larger time frames, it seems like market tops often take times to build out, so who knows. It often seems like the "market" is in denial when there's a pending sell-off and there's quite a bit of zig zagging before eventually going lower. One thing V-man got right is that this market is remarkably resilient and it is very hard to both take it down and keep it down. Based on recent economic # one would think this market should sell off, but currently that's not happening. I'm sure the weekly range isn't set yet, although we may get an inside week this week. Good luck everyone.
In response to: What Schizo said: You take out AI out and we're already in a recession. Once the loss of immigrant jobs gets reflected in the (lagging) reports and/or all these trade (cough, cough) "deals" start unraveling* the shit should hit the fan. But it seems not yet. * https://www.euronews.com/my-europe/...ariffs-if-600bn-investment-pledge-unfulfilled (T's description of the deal is that the EU pledged him a gift of 600 billion to him personally to spend as he sees fit, so...)
Amd and smci are Ai stocks . Hell even with them down we were up 30 es at one pt overnight . I've seen it all in 4 plus decades . Going back to the 1930's Wall Street always finds a theme to latch onto and excite all . I said after the events of 2008 asset prices in nominal terms will never be allowed to stay down long . The fed will always come to the rescue no matter what the monetary consequences . We all know Trump will instruct to open the firehouse no matter what if things get bad . Americans react much worse mentally to asset prices falling than inflation raging as far as spending there own money
Price dropping, volume above average and open interest dropping (hit contract high 7/25/25) all point lower. Maybe not today but unless those three factors change - over time down is the likely direction. TWT