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Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.
Strong run into the close, market shrugging off higher than expected inflation and bonds yields here
I closed out my final 2 long positions yesterday. All cash on the stock side. Met with a couple old friends and now focusing on trading crypto. The smaller coins are on fire and hard to ignore, the ultimate plan is to trade those and add to my basic 3 coin longterm holds.
VIX is dropping to the levels we observed YEARS AGO, some of these companies are at ridiculous prices and the massive run is hard to comprehend. PUTS are looking better everyday.
I still believe we will see the 30 + % haircut at somepoint after the big fish lure in all the retailers that have FOMO.
Time will tell. Cash is king, crypto is the new daddy.
Welcome to the dark side.
Follow the money trail. Why have a fortune tied up in stocks, events can happen overnight and no way to exit until the markets open.
Crypto is 24/7
Not bad for a days work. Even on a boring Saturday.
Let the longs hold the stocks and party like its 1999.
Update. Currently at 1.42 ish. To da moon
My timing is never 100% , I usually get fairly close though. Cramer is taking profits, I have noticed a BUNCH more. Good luck longs, CASH IS KING.
The CPI could be a key tomorrow. If inflation is red hot and send yields higher than it could rattle the market a little bit. If inflation is tame enough then it could be risk on for stocks. Should be an interesting day tomorrow Earnings season starting this week today, should be exciting for those of you who like to play earnings. Good luck and let's hope we all make some money this week
TIRX pump and dump.
Let's hope they read the scripts correctly instead of stuttering. Yields are creeping up again and the VIX did the Monday morning dance.
My coins are setting new highs.
TSLA doing the heavy lifting today
Tech and growth stocks leading the way with bonds yields moving lower Guess the CPI probably wasn't as bad as feared and the JNJ vaccine news helped to push yields lower today. A little bit of both good and bad news probably would be the best for the market in the near future, if it is all good news then the market might not like it since it could mean less free money from the FED
Bitcoin now well above of $60K
XRP even more of a runner.
Lets see where this bull cycle goes.
Looks like NFT is hot too, PLBY has been surging lately
There is so much to talk about on this NFT topic.
The sector has some validity, but there is also a bunch of junk that is completely worthless that is selling for ridiculous amounts.