Regional banks having a great day, KBE up over 3%, they have easily outperformed the big mega banks today
Thanks for the heads up on the homebuilders. So there used to be a -3x ETF named CLAW but that seems to be gone; NAIL still exists though for the bullish.
Value outperforming Growth right now. Banks report next week; this is one of the few times where JPM is doing good going into earnings.
Yeah bank stocks have been on a tear this year so far If yields keep rising then maybe the momentum can continue
A pretty red week to start the year It could be a pretty volatile year with QT starting later this year. The CPI is next Wednesday and if we get another red hot inflation number then this market could be in trouble in the near term
S&P 500 Posts Worst Start to a Year Since 2016: Markets Wrap (yahoo.com) Bears won the first week, let's see if the bulls can fight back next week
I'd like to see the December low in SPX hold; we are a little more than 2% above it right now. NDQ faring worse, it has violated that low today.
I was dealing with some allergic reactions most of the day and didn't look at the market until the last 2 hours of the trading day or so, seems like it was a pretty fun trading day for some of you Bought the dips a little bit when the SPX was down about 30 points but I wish I was able to check when the SPX was down like 70 to 80 points at one point
I would buy any dip I could. We are fixing to slingshot on this leg up. If you don't own TSLA or AAPL, now is the time. Moon soon.
Bought a little bit of AAPL last week and QQQ today. Not gonna go all in at once though, I will be patient and buy slowly just in case we will see a bigger correction later on
Why Take-Two wants to pay nearly $13 billion for Zynga - The Verge Let's see if we will see more deals for tech companies later on, many smaller tech companies now have much lower valuations than they did a year ago
Ehhhhh. I wouldn’t go as far as to say “slingshot” and “Moon soon” personally but that’s just me. To each their own... We’ll see who wins out over course of the next couple of months. You could certainly be right. But me personally, I don’t think the market has endure even a remotely healthy pullback yet. Case in point, the max pullback in the Spuz all of just last year was something like -5% for the whole doggone full year.. Sure, that alone isn’t a good enough reason for the market to pullback meaningfully. But after the rip roaring rally we have seen in the equities market, really since basically off the GFC lows if we’re being honest, with a few large corrections along the way, like the shortest lived COVID induced bear at the beginning of last year. Point being, while the market can certainly keep on doing what it’s been doing seemingly forever since the bear low in ‘09. I personally feel the risk reward actually favors the short side at these levels and NOT for far higher levels from here in my own opinion. Especially now with the FED looking to potentially pullback on that PUNCHBOWL which I strongly feel has been largely the culprit for why the indices have face ripped straight up to ATHs with so few pullbacks. The BTFD mentality has just been a super strong force for such a long long time. It works until it doesn’t. Just my 2c there anyway. But again that’s just my own personal take on it. Everyone is of course free to share their own opinions on the market and rightfully so. That’s the beauty of these community forums like this one. That not everyone may not share the same view as another. But still do share that one common goal in making mad stashes of cash cha-ching! Anyway, personally I’ll be keeping a close eye on the QQQ, as that is threatening to breach into a correction soon it would seem. And has already broken down through some key supports I was eyeing. Nice reversal off the early AM lows today so we’ll see that actually has some staying power. I’m admittedly skeptical. That isn’t to say that it just crashes straight down from here. It rarely ever does. It’s always a process. As with at major market bottoms. Hence, there could certainly be some oversold bounces here and there. But I’m still favoring more downside levels this year overall speaking anyway. I do have more to say on this, but alas I’m admittedly typing this post out from a mobile device here tonight and my fingers are now fully exhausted from typing this all out in here. I hope you all had an awesome end to the year last year, and have have had a great kickoff to 2022 thus far. I’ve admittedly hardly had much of any free time to chime in here, no less post. But hope to have the IRL calming down some soon so I can drop by in here a bit more frequently. Miss y’all’s bigly time.
Smart... When it settles and legs up a lot of new money is going to hit hard. Or it could crash tonight, who knows.
You bring up some great points. Glad you responded. Not sure if you remember dot.com bust or not, plus a few others, but I think some spent to much time trying to chart and guess what the market is going to do instead of following the tape. We still have some in the 2009 crowd that swears its way overdue for a correction and so forth. Obviously that has been proven to be hogwash. Now we have the Harry Dents preaching about the big crash of 2022. I learned a long time ago to ignore everything but the money and the tape. My take is once the fear of the yield spiking a nd the measly rate increases get digested, we will see major upside. "Moon Soon" is a term I use to poke fun at the youngsters that are playing in the markets.
