That was in 2021 and a direct relation to inflation where lots of companies also had record earnings (greedflation). never mind I see what you said now. I agree with you.
Buffet indicator showing extreme overbought conditions Shiller indicator showing extremely overbought conditions Fear greed index is showing greed at nearly 80 RSI is at extreme levels Futures falling quite a bit for a holiday overnight session. Looks like you are long at 44950 on that September contract. Monday could be a very very red day. Be careful. I would wait for a simple 2 to 3% drop before going long.
S&p futures already down close to 40 handles from its record intraday highs Fomo is absolutely insane...everyone running in to buy, better off waiting because this reversal could be significant!! Don't be surprised if we are down 2 to 3% in the next week or 2 ...is tbis a significant drop, absolutely not but it will feel painful after a continous historic run that shows absolutely no signs of stopping. ...hard to take profits when each time you think the run is going to fade it just does the opposite and catapults higher until everyone runs to the exit at the same time and swoosh the markets drop unexpectedly r.....
I Didn't actually mean to post that in this thread lol. Was meant to post in the ES journal where i post all my trades. Thought I was in that thread! But yeah, took that one on my spreadbet account. Made many thousands of points in the last few months so have a hell of a lot of room to add to this trade if it carries on dropping, looking for ES to head towards 7k personally here that lastest spreadbet/dow trade though. September YM entry is equivilent is 44895
With markets at all time highs it's almost impossible not to want to buy every single tiny of a. inkling pull back. Es to 7k? By when. End of 2025? Do you see the es breaking 6k ever this year or is the market just going to keep breaking to new highs and 6k is now long forgotten?
I was short one ym just around mid day Thursday, I let it ride into the close and tonight I just covered it, small profit but as soon as I closed the position the ym fell further. .. I was long the ym many times the last 2 or 3 weeks only to sell for small profits...hard to hold long once you see a profit knowing how volatile the markets can be....
I bet you have a feeling they are going to ramp up the futures Sunday night at the opening....... After markets are up 5% in about 2 weeks a small 134 point drop in the nq futures feels like a gift however even a 784 point sell off would be a blip on the charts considering how far markets have come from April lows.
I think the sell off is related to the Stoxx 50 sell off on Friday morning. It seems the outperformance of Europe/EAFE is over for now. The SMH going parabolic doesn't really help Europe since there is just the Dutch company ASML but they have not done well due to China export curbs, I think. This last leg of the rally is just SMH, FAANG & meme stocks. Fintech has done particularly well & UK & Europe do have some Fintechs but most are just private unicorns & not really public (like Klarna).South Korea, Taiwan & China tech benefit. Poland, Greece & Peru have all done well but for different reasons. Peru because of the rise of Copper since SCCO (Southern Copper) is 20% of the index. Denmark was doing well until the collapse of its main component, Novo Nordisk.