We Are in Bear Market

I am assuming a regular flat. If it is an expanding flat, may have a few weeks of scary deep decline. Should that happen, catch katana at will.

Expanding flat
image http://thepatternsite.com/images/ExpandedFlatBu.JPG

Regular flat

image http://thepatternsite.com/images/Flat.JPG

Come on guys! Santa Claus rally is waiting man!

The only FAANG standing is going down.

https://www.marketwatch.com/story/google-parent-alphabets-stock-closing-in-on-first-bear-market-in-7-years-2018-11-19

Shawn Cruz, manager of trader strategy at TD Ameritrade, said the main catalyst for the market recently has been worry about U.S.-China trade. “That’s really the big driver and that’s what you’re seeing in tech. These companies have been at the forefront of those U.S.-China discussions.”

MAGA!

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You can blame Trump for all your troubles and hardship… :rofl:

https://www.bespokepremium.com/think-big-blog/best-stock-market-returns-for-a-us-president-since-obama/

It may sound hard to believe, but for all the talk about how well the stock market has done under President Trump, the Dow Jones Industrial Average (DJIA) is actually up less (25.69%) since he took office than it was under President Obama (40.94%) at the same point in his Presidency! The chart below shows the DJIA’s historical returns during each US President’s first 668 calendar days in office going back to 1900. With a gain of 25.7%, the DJIA’s performance during President Trump’s first 668 calendar days in office is still well above the historical average for all US Presidents (15.59% – see table below) and even better when you compare it to just Republican Presidents (11.09%).

Why is it hard to believe? It’s obvious to anyone who’s paying any attention at all.

This 668 is so random. Why 668?

Number of days Trump has been in office.

Selective comparison :slight_smile:

“668 days” are just as valid as 1 year, 2 years or the whole term.

This could be the bottom though. Hang on tight.

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Everybody is dumping on FB, but Netflix is silently being slaughtered as well.

FB $120.
NVDA $100.
AMZN $1000.
GOOG $850.
So wait.

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I’m glad my FB purchase price was $38 and Nflx was $90. Still sitting pretty… :smile:

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What about Aapl?

New low today. It’s a breakdown, not breakout :joy:

Didn’t look. You should ask WB and TC. Manch says $180, and then later change to $150.

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Some semi names:

NVDA: -51%
AMD: -44%
MU: -43%
INTC: -17%

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