Today's Market 2/7-13

IMHO, bull market should end within 1 month, you hear it here FIRST. Tagged it please.

Disclosure: While messing with other stocks, have lots of SQQQs hedges ON. Will add as the bull market rally! At the end of the bear market, QQQ would be chopped at least by 50%. Watch me make tons of $ in a bear market :money_mouth_face:

FANMAG is still making money hand over fist. They are extremely healthy. For QQQ to go down 50% these names have to get dragged down as well. Do you think Apple will go down 50% this year? I don’t think so.

The froth is only in a small number of stocks. Even the EV sector outside of TSLA has cooled down quite a bit. QS is more than 66% down from its 52w high. Did today feel like a down day to you? Naz volume was pretty light.

Selected individual stocks do behave differently from the indices. TSLA probably would be chopped.

1 Like

@Jil

Learn to buy the junk stocks :slight_smile:

Goldman’s non-profitable tech index is approaching 250% year-over-year performance.

@manch

Indices are rocketing while TSLA is tumbling, are you concerned? You claimed that TSLA is the market.

I wonder it the Reddit crowd will save Tesla

2 Likes

Perhaps, they have moved on to other stocks like NVDA :money_mouth_face: PYPL SQ.

1 Like

Seriously? :rofl:

No. I think is just usual rotation.

NVDA gets hammered, was wondering yesterday, how come wave one completed and no retracement… for a moment I doubt my EW skill… is retracing wave one :slight_smile: My guess is minimum should be to $595… worse $575… let’s what millennials can do to counter… the BIG money.

Stock market, IMO, turns upside from now onwards. This is very delicate flat correction kind of changes happened this week, and ends here. This is some what guess and inference.

Next week, it is supposed to be bull run (crystal ball prediction - can go wrong easily ) !

BTW: These are written for discussion purpose, not a stock or investment advice !

3 Likes

TSLA is up. What tumbling?

QS is up 22% today BTW.

2 Likes

:rotating_light:

darnit! I was eyeing QS. it will come down again, a la GME and all the other “millenial” stocks as they say here. Watching their performance data presentation from last October…

Okay, here is the issue, it may be good or bad.

The company QS is about release fourth quarter results on Tuesday (next market day) February 16, 2021 2 PM PST.

The stock jumped, most likely by excellent results rumor, today. The stock again can jump on Tuesday market hours expecting future jump, everything speculative at this time.

However, if the company releases very exceptional results or forecast, it goes to moon. If not, you know where it will go…

The one thing I can tell you, if it dips Tuesday morning or after results, start accumulating if you know this is fundamentally good choice.

If what you say is true, the best trading strategy is to long a straddle :slight_smile: Straddle is pretty expensive now, big enough change?

I am very poor in Straddle , but looks like everyone took such options and is expensive now.

At this stage, we must know whether stock will jump upside after results or downside after results, that is the key clarity we need, which is really tough and it become speculative.

without knowing what the Q results are - they can’t be good! They have no product to sell? all of QS work is is speculative until 2023, 2024, until they release their product. Its a trader’s stock, so people making money on sentiment, pumping and dumping.

Check out HYLN on Thurs. That was an amazing run and it was the talk of that day (folks think it should be $100 stock if comparable to QS). I think there’s a bit of rotation going on to EV/energy related stuff now that weed related stocks have cooled down. I’ll be keeping a close eye on TSLA, LAZR, QS, HYLN, NIO, XL, etc as I do have positions on all of those. Fundamentals don’t matter at this point but with all time high on VIX calls, it could be fireworks. Seeing the rotation is the key but we’ll see what happens in the next few weeks! Unreal times and I cannot wait until we get a nice correction/crash. :face_with_monocle:

1 Like