Looks like we just narrowly avoided a black swan event over this past weekend. It doesn’t matter on what side one is on but we should be all very relieved the events that unfolded didn’t go the other way. I won’t get into the politics of it all but the potential was definitely there for things to get very ugly. Thankfully it didn’t. I initially thought that yesterday was just a relief rally from this past weekends events, but then today happened lol. Seems like as @stock1234 alluded to, the Trump trade is on. Perhaps starting to price in a landslide victory in November. As well as the first FED cut. I’m not really following the markets too closely tbh, but am temporarily back for right now after this past wild weekend. Earnings season is now underway. Seems like a status quo market for now until something breaks. Markets are pretty overbought with little to nothing on dips..could trigger a pullback which would be very healthy.
Nice!! Yeah, there really isn’t anything new to talk about nowadays (for me at least) lol. It’s the same shit different day kinda thing which isn’t a bad thing but yeah, makes for very mundane days and little to discuss. Hopefully guys like Marcy and Frankenstein will pop in here during the Fall season when things could get a little interesting around the election. We shall see.
Its because you guys know the drill! Sit on hands when things are going your way, no need to over-trade!
looks like today marks the 351st trading day where the cash spx hasn't endured a -2% dip tying the mark from 2017, which was the longest stretch since going back to pre-GFC i don't know if that streak snaps today, but it's worth noting that the spx is off by over -1% today. it could happen in a late day selloff. we shall see
AI king Alibaba BABA Google GOOG and CELH all full buys now. Follow me! $CELH grew revenue 105% annually in the last 4 years. Fully profitable, has no debt. PE came down to 50 from 105. The correction is overdone and this is a great buying opportunity. Nobody can convince me otherwise.
Do you mean the correction for CELH? Of this, I have no doubt. As for buying opportunity, it's certainly a better opportunity at $47 than it was at $95! They do have a really good record for growth and revenue, but it's a cut throat market for their products, new competitors are always on the horizon and CELH may be reaching saturation as to the amount of market share they can capture. MNST is down too - though not as much. MNST has larger market share for now, but they are facing headwinds, too. Here's an interesting article that makes the bear and the bull cases, in a sense. https://www.fool.com/investing/2024/07/18/celsius-stock-has-plunged-nearly-50-from-2024-high/
whelp, absent a final 10 min push higher into the close it will appear this streak finally snaps at 356 long over due pullback imo
Just when we talked about the lack of volatility another day then this volatility came lol The NASDAQ is now more than 7% off its ATH, we will see if we will get a 10% correction this time around More big tech earnings next week and I think the market might be looking to hear how the big caps can monetize from AI, seems the market was somewhat disappointing after hearing from GOOGL yesterday, it sounded like they will have to continue to spend on AI but it will take time to monetize from AI.
haha, looks like volatility is finally back another crazy one today, with wild swings in both directions only to get back to near the flat line with 15 min to the cash close
Yep, I entered long at SPX 5400 at the end of the day. But earlier in the day, I entered long at 5400 and exited at 5455. But, of course, it kept going up--I knew the possibility existed, but I wanted to protect my profits. And then this second opportunity showed up at the end of the day. Yeah, it's been crazy going up and up for such a long time. Lost opportunities, of course, but I'd rather just protect my my profits and enter ONLY IF I feel it works with my comfort level and theory. But man. Anyway, I'm at my all time high in my account. But, not nearly as profitable as I could be. But it's learning now how to tweak and tweak for maximal profit--at the same time always making sure that my account stays...vibrant and protected
Let’s gooo! Great to see you popin in here Frank. Now I’m feeling pretty good about the return of volatility.
Yeah next week could be huge with META, AMZN and MSFT all reporting. GOOGL beat but the magnitude of the beat wasn't big enough apparently, those big tech might need to show a plan on how to monetize on AI soon or they could drop further although if the market selloff continues into next week then I could see a simple beat and raise might be good enough
