Ok. Exited this morning on the rally at SPX 4129 for profit taking and risk management. All time high for my account. It's better to just work with what the market gives you and secure profits in this environment.
'Foreign investors are back': Japan Topix at highest point since 1990 (cnbc.com) Well DXJ is at ATH now I believe The Japanese market getting a lot of attention lately since Buffett is investing in it, it should continue to do pretty well if the yen weakness continues
I'm holding NTDOY, figure the strong Japanese market would help it. Foreign markets all around are strong, and they've dealt with inflation fears too. Just seems a matter of time until the US joins them.
WASHINGTON, May 18 (Reuters) - U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope to finalize a deal on the debt ceiling after Biden returns from the Group of Seven meeting in Japan on Sunday. Will puts print next week? Eventually the deal will get made, but we might get some drama first.
Just taking these from https://twitter.com/ukarlewitz Been here for 13 months now. SPX range NDX range We are at the top of the range, and there is "hope" for the debt "ceiling" deal to happen this Sunday.
Yeah we will see if the US will join the global rally later this year, the US has outperformed foreign stocks for many years though so I wouldn't be too surprised too if foreign stocks would outperform the US in the next year or two.
My guess is tech stocks and the debt ceiling deal hope might push us out of the recent trading range briefly. NVDA earnings next week will be interesting to watch though, great company but I think the valuations are getting a little silly here.
LOL if we still don't get a deal this Friday then the market might finally will get nervous heading into the Memorial Day weekend There won't be a default for sure but let's see if we will see some volatility before the last minute deal.
Huge run for IONQ Sold at $11.00 today, I got in at a very bad entry in 2021 and averaged all the way down to $9.17, thought it would take awhile for me to breakeven but I guess I got lucky with the huge run
NVDA surging after hours, let's see if tech stocks will pull the market higher tomorrow Still think the stock is expensive but I guess who cares when AI is the hottest thing in the world now
I entered yesterday at SPX 4110 and exited this morning at 4140. Profit taking and risk management in this range bound era
It's always possible that the SPX goes up to 4200...but I'd rather manage risk and go for the "sure thing"--always more and better opportunities later
Plus, there might be a really nice opportunity for a long if there's a significant collapse due to the the debt ceiling issue
Yeah, it's always difficult what to to do when an uncertainty arises due to a catalyst everyone acknowledges. I used to think it was all BS. But, sometimes, it's right about what everyone thinks, especially to the negative side. But, the key is WHAT IS YOUR TRADING PLAN!!!
MRVL spiking after earnings too, maybe the AI hype will go on for another day tomorrow for the semiconductors I do have some semiconductor exposures by owning NVDA, ON, MRVL, MU and ACLS, etc. but definitely I have missed the train a little bit since I took profits on a lot of semiconductor stocks earlier this year
Germany falls into recession as inflation hits economy Persistent inflation has helped push Germany into recession in the first three months of the year, an upgrade to growth data shows. Germany's inflation rate stood at 7.2% in April, above the euro area's average but below the UK's 8.7%. Europe's largest economy was also badly affected when Russian gas supplies dried up after the invasion of Ukraine, analysts said. The economy contracted by 0.3% between January and March, the statistics office said. That followed a 0.5% contraction in the last three months of last year. Originally, the agency had estimated zero growth for the first quarter of this year, suggesting Germany would side-step a recession. However, the revised figures showed household spending was 1.2% lower than in the previous quarter. Government spending was 4.9% lower, and car sales also fell after government grants for electric and hybrid cars were scaled back. The IMF has predicted that Germany will be the weakest of the world's advanced economies, shrinking 0.1% this year, after it upgraded its forecast for the UK from minus 0.3% to growth of 0.4%. https://www.bbc.com/news/business-65707206 We'll see what happens from here, but this is happening at what could be a double-top for the DAX.
