Getting a bear signal here which implies a 10-15% pullback on the Q's, topping out in the first two weeks of March. We probably tag 450 first. Not going to attempt to play the downside, but will be tightening stops on longs and looking to get long with both hands if we see a 2-3 week flush.
Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
You realize to get 10% Q's would have to fall under 400. You really think that's possible?
Also, from a technical perspective, this was very close to putting in a monthly bearish candle on QQQ. yesterday when this was a 421- Just a $5 drop would have put in a very bearish candle, but obviously that was wiped out by this crazy pump (which is what always happens). Not sure what bearish signal you see. Looks to me that this parabolic rally continues.
This is shaping up to hit 460 in March with another green monthly candle. Again, every chance of any weakness technically is immediately destroyed. That's this market.
The moves this week have been crazy. More intense V's than before. I still fail to see how this ever ends. If anything, the longer we go in time, the more intense the manipulation is to keep this market up.
What else other than 0DTE aka the hedging can explain the guaranteed V protecting every single drop? There's never a chance that it goes down.
What else other than 0DTE aka the hedging can explain the guaranteed V protecting every single drop? There's never a chance that it goes down.
%%
LOL;
looks like QQQ is not going to hit $400 ,FEB anyway LOL
Old turkey, in that book said ''ITS a bull market you know'' you know; but that' s not a prediction +not so , that it ''always happens''
Might never trade below 400 ever again%%
LOL;
looks like QQQ is not going to hit $400 ,FEB anyway LOL
Old turkey, in that book said ''ITS a bull market you know'' you know; but that' s not a prediction +not so , that it ''always happens''
Just noticed SMCI is joining the S&P 500 on Monday March 18th. Its already up another 12% in after hours trading. It's probably going back up to $1078.
Super Micro, Deckers to Join S&P 500 Index, Replacing Whirlpool, Zions Bancorp -- Barrons.com
6:34 pm ET March 1, 2024 (Dow Jones) Print
Andrew Bary
Super Micro Computer and Deckers Outdoor will join the S&P 500 index, according to S&P Dow Jones Indices, which announced the changes after the market close on Friday.
The companies will replace Whirlpool and Zions Bancorp, which will move to the S&P MidCap 400 index. The four companies are swapping places, with Super Micro and Deckers Outdoor leaving the S&P MidCap 400 index.
The changes will take place before the opening of trading on March 18 and coincide with the quarterly rebalance of the indexes. S&P Dow Jones Indices said the market values of the four companies are more representative of their new indexes.
Super Micro, Deckers to Join S&P 500 Index, Replacing Whirlpool, Zions Bancorp -- Barrons.com
6:34 pm ET March 1, 2024 (Dow Jones) Print
Andrew Bary
Super Micro Computer and Deckers Outdoor will join the S&P 500 index, according to S&P Dow Jones Indices, which announced the changes after the market close on Friday.
The companies will replace Whirlpool and Zions Bancorp, which will move to the S&P MidCap 400 index. The four companies are swapping places, with Super Micro and Deckers Outdoor leaving the S&P MidCap 400 index.
The changes will take place before the opening of trading on March 18 and coincide with the quarterly rebalance of the indexes. S&P Dow Jones Indices said the market values of the four companies are more representative of their new indexes.
And NVDA enjoined the DOW last Monday, replacing Walgreens. It did nothing for the DOW.
So the news you posted moved the SP needle neither one jot, nor one tittle.
They did? I think you meant AMZN. Close enough.
I think the reasoning for adding SMCI to the S&P 500 was that it's market cap was too large for the S&P 400 Midcap. The amazing thing is that it is still part of the Russel 2000 small cap (IWM) with a market cap of $50+ billion.
Even the SPY is just another momentum fund. Deckers is up like 90% since the end of last October. Whirlpool has been dropping for a while pretty much since the beginning of the pandemic. Zions is caught in the regional bank death spiral of never ending HTM losses.
Even the SPY is just another momentum fund. Deckers is up like 90% since the end of last October. Whirlpool has been dropping for a while pretty much since the beginning of the pandemic. Zions is caught in the regional bank death spiral of never ending HTM losses.