Good to see you back @anotherdevilsadvocate , haven't seen you posting for awhile I am kinda waiting to see the big tech earnings first, leaning bearish but if big tech earnings are strong this week then we might see tech leading the market higher regardless what the bonds yields will do
Yeah tech will lead, up or down. It looks to me like cybersecurity has the best chance to lead bulls inside tech.
I was looking at the ARK funds (cathiesark.com) because I saw they were moving stronger than QQQ. The only picks she had that I like right now are DKNG and COIN. Of course first thing this morning, I look again and COIN is +15%...it gave back a lot throughout the day. I don't think anyone, other than cryptobros, think Bitcoin can make it back to its ATH. After close, a couple of tech behemoths reported earnings. MSFT is up after hours, but all it is doing is retracing some of the losses over these last 3 months. GOOGL is down after hours, and this is the one I wanted to see if it could move upward as it was at the high for 2023, and still ~7% below its ATH. So, nothing is breaking out here in mega cap land.
I have a small position in COIN, average is $112.48 so I am long way to go for breaking even Yeah big tech earnings are looking mixed, GOOGL beat but the cloud revenue was disappointing
10 year yields moving toward to 5% again, a hot GDP and low jobless claims number might push it above of 5% tomorrow. META moving lower after earnings, probably not a good sign for QQQ
Bought MSFT put. Wasn't Hired. https://www.reddit.com/r/wallstreetbets/comments/17fv704/bought_msft_put_wasnt_hired/?rdt=36142 It is funny if it is for real
Might finally see a bounce tomorrow thanks to AMZN, the PCE data will be coming out tomorrow morning though so it could still ruin the party for the bulls if the number is shockingly high
Russell lowest level since 2020. Could be a bear. https://twitter.com/Barchart/status/1718006692057612572?t=8RiFiCw9h54bQmBAUIWeoA&s=19
Bank stocks lowest levels in 2 years. https://twitter.com/Barchart/status/1718537665241399388?t=TA4D1HswcEt2oaXzbNCRvQ&s=19
The S&P 500's year-to-date gain stood at 7.2% after the close of trading on Friday. It looks like a bear not much to go up to 7.4 percent. That's not terrible, as the average annual gain for the index is 7.4% going back to 1929.
World Bank predicts oil will explode to an all-time high of at least $157 per barrel due to the Israel-Hamas war.
GPCR running up nicely Got some at $67.64 after seeing how much LLY and NVO ran up on their weight loss drugs
