Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
I'm not sure if it is a sector rotation or its a sell off because of the ASML export ban to China? Or it could just be people waiting for the new year to sell their winners so they don't pay taxes for 16 months instead of 4 months.
Towards the end of the day its seemed like a general sell off even Bitcoin and related stocks started to deteriorate especially COIN & MARA.
Towards the end of the day its seemed like a general sell off even Bitcoin and related stocks started to deteriorate especially COIN & MARA.
What a close. Of course it pumped and couldn't close below the 20 DMA. So predictable. Can't wait for this to gapup and pump tomorrow and watch most of this drop magically evaporate.
Cause that's what you do ... watch.
Might be right.
$NDX closed lower than the previous 10 trading days!!!!!!!
$SOX lower than the prior 11 TD's.
You forgot to mic-drop at the end of that, haha.
Semis got bitch slapped today. Geez ...just as soon as you think they can keep going they got pummeled
The forever bull market is taking a breather in early 2024.
Nothing dramatic yet, but enough to blow up or put a dent in a leveraged long-only strategy without stops.
20 SMA check
30 SMA check
40 SMA a sneeze away below.
But hey 200 SMA is much, much lower.
So predictable .... that the market doesn't do: couldn't, can't, won't, never, always and laughs at those who say otherwise.
The forever bull market is taking a breather in early 2024.
Nothing dramatic yet, but enough to blow up or put a dent in a leveraged long-only strategy without stops.
A slight, but decent pullback last week and we are already off the races with a classic meltup Monday. Look at NVDA just rip to the stratosphere! December too we had a first week pullback and then it exploded. Never count this market out. It always finds a way to make that V and go right back up like magic.