Begging for a rally

S

S2007S

Just keep begging for a rally. Her funds are up hundreds of percent the last handful of years now they sink double digits in a few weeks and she comes out saying the underlying bull market is strengthening, we are literally talking about a 2 week sell off in tech stocks and not even close to a bear market and she says the underlying bull market is strengthening?????


Pull up a 1 year chart on any of the stocks in her funds and even with the small tiny pull back these stocks are still looking like they are on top of Mt. Everest. Even a 70% drop and they will would be trading higher than their March 2020 lows which says there is plenty of room for downside. .

Cathie Wood says the underlying bull market is strengthening and she’s finding great buying opportunities in the sell-off
PUBLISHED MON, MAR 8 20213:39 PM EST


https://www.cnbc.com/2021/03/08/cat...ing-will-benefit-arks-strategy-over-time.html
 
S2007S said:
Just keep begging for a rally. Her funds are up hundreds of percent the last handful of years now they sink double digits in a few weeks and she comes out saying the underlying bull market is strengthening, we are literally talking about a 2 week sell off in tech stocks and not even close to a bear market and she says the underlying bull market is strengthening?????


Cathie Wood says the underlying bull market is strengthening and she’s finding great buying opportunities in the sell-off
PUBLISHED MON, MAR 8 20213:39 PM EST


https://www.cnbc.com/2021/03/08/cat...ing-will-benefit-arks-strategy-over-time.html
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No worries, the Plunge Protection Team will come swooping in! Right?!? I mean, someone has to save us from the 1400 point NDX sell-off!
 
Overnight said:
No worries, the Plunge Protection Team will come swooping in! Right?!? I mean, someone has to save us from the 1400 point NDX sell-off!
More...


It's coming. In a few weeks the nasdaq will magically erase about 75% of its sell off. Then earnings season will come and all these companies will magically beat again and will be at 15000 like this 2 week selloff never happened.

Like I say, stocks are never ever overbought, they can skyrocket higher for literally a decade straight, however 8 days into a selloff and they are considering massively oversold. Amazing isn't it.
 
S2007S said:
It's coming. In a few weeks the nasdaq will magically erase about 75% of its sell off. Then earnings season will come and all these companies will magically beat again and will be at 15000 like this 2 week selloff never happened...
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NO!

This time it really is different. There's a serious sector rotation going on. NDX is kaput until 2022. I should know, I am long.
 
Interesting how divergent the markets are... look at today's strong SOXS SQQQ vs weak SDOW UVXY etc... tech weakness for now.... right re major sector rotation

Semis weak SOXS strong..

IMG_20210308_163917_113.jpg
 
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NQ
upload_2021-3-8_16-13-44.png


I think NQ needs to get above 12770 in order to get accepted into the previous range.

ES looks like it's already back in the lower part of the prior range. Tried to break into the upper part of prior range today, but failed.

upload_2021-3-8_16-15-52.png


RTY is less clear. Looks like maybe it tried to rally back into prior range, barely got in, but then got rejected.

upload_2021-3-8_16-18-28.png
 
Overnight said:
NO!

This time it really is different. There's a serious sector rotation going on. NDX is kaput until 2022. I should know, I am long.
More...



Dang man. I guess I will just go with your flow and agree with you. 2022 it is. I hope you have some dry powder for the next 15-20% drop.......
 
don't need to beg for rally up or rally down.
Just go and do day trading.

US index futures price range has been very good!
Look at NQ daily price range.
Since Feb 2020, ave daily price range is 600 points.
before that, it was 200 points.


So it is an excellent opportunity for day trading.
 
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