Today Market

Amateur hour.

:clown_face:

The odds of a broader stock market pullback increase if: 1. Apple fails to move above resistance around 360; and: 2. Amazon falls below support around 2,620.

Noted

As long as the S&P 500 stays below 3,235 and 3,180, the bearish “1, 2” pattern should not be ignored.

Noted. Possible pullback only, who care? Thought he is calling for a bear market😒

Futures up Dow up 287

ATHs

AAPL $368.20
MSFT $203.53
SHOP $921.48
ADBE $443.42

WFH/ Cloud stocks are rocketing.

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Ofc for entertainment, what else?

My portfolio is loaded with office REITs.
:man_facepalming:

Google crossing 1T market cap and nobody even cares to mention…

Apple: 1.6T
Microsoft: 1.5
Amazon: 1.4
Google: 1

Alphabet was $1T previous, just re-gain, no big deal.
The target for MAGA is $2T.

Current stock market is not about Main Street.

Is Fed. Is zero Fed rate. Is negative real rate. Pump into all hot stocks mindlessly. Refer to Cramer’s Mad Money for clue :slight_smile:

@manch 2nd most hated stock…

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Easy $

@Jil please post your latest :slight_smile: Insanely great bull market.

Screen Shot 2020-06-23 at 12.40.44 PM

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I don’t hate any stock. I only have two states regarding a stock. Either I understand it a little bit or I have zero understanding of.

I don’t understand SHOP at all. It’s trading at 63 times revenue. Not profit. Revenue. If you are worried about a bubble at all SHOP should be on your short list of bubble names.

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You hate SHOP but think BYND is a good investment. One is tech, and the other is a food packaging company.

Lolz. I explicitly said I don’t hate any stocks. What’s the point of hate?

Something is “tech” doesn’t mean it’s automatically golden. Similarly non tech doesn’t automatically mean it’s trash. Shopify has been doing well over the years. Congratulations. I don’t understand it and would rather stay in my lane.

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Goldman Sachs sentiment indicators. Some bullish, some bearish. Average is neutral, like the CNN fear and greed indicator.