Algos are aggressively buying the dip but scared of buying at all time highs. The S&P is spinnings its wheel. eeking out a bit of net progress. Just 5% over the last eight months.
Imagine if with all this euphoric high going into tomorrow's opening bell and seeing new highs the markets just reverses and sells off. Ruh ohhhhh
The stock market in its current mode, can just continue to grind higher for many more months without much of a pull back, trying to call tops will just make you look silly more often than not.
@christhesquid I already told everyone this was a major up week. I don't know what you want. Me to give you individual names? Be in QQQ, fuck SPY. The Q's are where it's at. Always been that way. We had the fake "red day" yesterday so we got that out of the way. Today we had that shakeout and now we have liftoff. Just a huge weekly green candle happening. But the same losers can't believe the market is still up, every day talk about shorting it etc..
Call a spade a spade . Hats off . Strongest mkt I've ever seen coming off a 20% correction . You basically got 6 or 7 companies that are 1/2 the mkt cap of the whole mkt with good earnings . At least 1/2 of all companies have had crap earnings . But until something changes its full speed ahead . When you got one company nivida worth $4.6 trillion which is 9 times the sales of all Ai equipment that says it all . Reminds me if Cisco in 1999 . It had a $500 nil cap and the whole router mkt was worth $50 bil . We see what happened over the next 26 yrs .
That's not a call. We need entries and exits. Nobody is impressed with anything that you have said as long as you have been saying it.
Keep in mind the last 4 weeks...count them, 4 weeks.....4 weeks. Ill repeat just 4 weeks time nvda has gained a half a trillion in market capitalization ...let me repeat.... Nvda has gained a half a TRILLION in Marlet Capitalization in just 1 single month... If this trajectory stays in place nvda will add close to $3 trillion in market capitalization by December. It's up 100% plus from April lows. If gains another 100% by end of 1015 it will have over a $7 trillion market cap...
There is only one loser here and it's you. Only a loser chickens out of a bet after getting humiliated.