Forever Bull Market

[v-shape-0DTE]

Contrary to what you might expect, today was a welcomed pullback. Very necessary and difficult to achieve. The only question is how long till the V is made.

I never bought into the idea of all these fed cuts, but I've been saying that it doesn't matter anyways. Market is still controlled by semi's. NVDA, SMCI etc.. And then it will be something else to keep this market propped.

Also good to see yesteday's bearish candle play out. I am not shocked by the 3:30 pump where QQQ went up $3 like nothing and we'll have to watch the next few days. QQQ down $8.50 for the week which is significant as prior to this week has only had 1 red week in '24. You know the week is far from over with how this thing goes and all the BTMFD.

 

[nitrene]

Amazingly SMCI was actually up on a day when IWM was down 4+%. SMCI is a stock rocket. I noticed the QQQ bottomed at -3% from yesterday's high. The exact same percentage as the last sell off.

 

[Laissez Faire]

Seems like another V in the making. At this point it seems like even a nuke wouldn't affect the market.

To me, it seems like something changed after last year's rally. Prior to that, we had larger ranges with good swings both up and down.

 

[v-shape-0DTE]

Seems like another V in the making. At this point it seems like even a nuke wouldn't affect the market.

To me, it seems like something changed after last year's rally. Prior to that, we had larger ranges with good swings both up and down.

Yep, everyday 0DTE/ money printing changed the market forever. It never fails. Already half of the weekly deficit I mentioned yesterday already magically cut in half. This is the most unstoppable market and the rare dips just continue to fuel this thing higher.

And it happens so easily because the drops are never real in the first place. If you look at all of the decent red, not only does it always go up the next day, but it never even has a single red print the next day.

And then there's SMCI and NVDA which continue the most epic pump I've ever seen.

 

[Laissez Faire]

Yep, everyday 0DTE/ money printing changed the market forever. It never fails. Already half of the weekly deficit I mentioned yesterday already magically cut in half. This is the most unstoppable market and the rare dips just continue to fuel this thing higher.

And it happens so easily because the drops are never real in the first place. If you look at all of the decent red, not only does it always go up the next day, but it never even has a single red print the next day.

And then there's SMCI and NVDA which continue the most epic pump I've ever seen.

LOL. I don't think we're quite on the same page, but yes, the market seems incredibly strong at the moment and I'm sure it will continue through 2024.

I don't think it's a 'forever' bull market, though, and epic pumps tend to end with epic dumps. Stock market indices are in a sense rigged to the upside, though. Just have to go with the flow and play it like a video game (not like an economist).

 

[S2007S]

SmCI up over $200 in 1 week


If you take notice nvda and smci now trade almost exactly the same. This morning they both dipped at the exact same time. And then recovered at the exact same time.



Coin up nearly 50 bucks in one week

Mstr up nearly 300 dollars in 1 week

Riot up 60% in 1 week

Arm up nearly 40 dollars in 1 week

These are just a some stocks going parabolic the last few days...

 

[maxinger]

SmCI up over $200 in 1 week


If you take notice nvda and smci now trade almost exactly the same. This morning they both dipped at the exact same time. And then recovered at the exact same time.



Coin up nearly 50 bucks in one week

Mstr up nearly 300 dollars in 1 week

Riot up 60% in 1 week

Arm up nearly 40 dollars in 1 week

These are just a some stocks going parabolic the last few days...

SMCI
What happened on 19 Jan 2024?
It was a decisive breakout with a huge volume.

 

[S2007S]

SMCI
What happened on 19 Jan 2024?
It was a decisive breakout with a huge volume.

Jan 19 (Reuters) - Shares of Super Micro Computer SMCI.O jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to strong demand for artificial intelligence servers.

The company is also riding a rising need for its liquid cooling solutions from data centers processing more generative AI applications

 

[S2007S]

SMCI
What happened on 19 Jan 2024?
It was a decisive breakout with a huge volume.

I'm sure with only a tiny market cap they will run this company right a market value of $100 billion by mid 2024 and quarter billion by 2025

 

[S2007S]

You know what's funny...a couple of yrs ago I remember nvda amzn msft, avgo etc about 50 to 70% lower...I mean you can name any stock....
Well you look back and see people running from these stocks and a market that everyone thought was headed lower , now up hundreds of percent and everyone is literally clawing and fighting to get back into these names at hundreds and thousandsof percentage points higher....