Wait till 18000 next and then 17,000. The entire nasdaq is breaking down. And when 16k and 15k comes it will literally feel like a deep dark depressing market. It won't take much for stocks to fall deeper into the abyss as tech is now losing all signs of leadership. The internals of the market are completely broken. Don't be surprised by drop of at least 25 to 30% in 2025!
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
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Wait till 18000 next and then 17,000. The entire nasdaq is breaking down. And when 16k and 15k comes it will literally feel like a deep dark depressing market. It won't take much for stocks to fall deeper into the abyss as tech is now losing all signs of leadership. The internals of the market are completely broken. Don't be surprised by drop of at least 25 to 30% in 2025!
Semiconductors are the new industrials. I think Cramer said that years ago on his show. Semiconductors is the canary in the coal mine.
Recession is just a matter of time now. I bet that 140K NFP will be adjusted down to like 70-80K in a few weeks. Next month could be NFP < 50K.
.... were ... their ... finally
He he
How about now?
Of course no one knows bull/bear, until after the fact.
These are outstanding when markets have days like Friday but damn soxs gets so knocked down that it never comes back unless you time it perfectly. Soxs could easily skyrocket to 40 45 50 55 65 70 100 but let me tell you that will only last weeks maybe months but never yrs as once markets find a bottom soxs will get destroyed. I really do hope it skyrockets cause I will be shorting it like crazy above 50 60 70 80 100....it would take a lot of sell off to push it above those levels but it could easily happen
UVIX ill admit I'm short. Shorted a small amount last week that was printing money but Friday it closed above 6. I sold puts on it as well at $6 and $8 going into end of year so even though im.short I ll collect a premium on my sell puts if it skyrockets above 10 again. And if it does I'll gladly short above those levels as UVIX never stays above double digits for long!
excellent points and valid technicals well said
I found out the hard way it’s important to use trailing stop (4-6pt)
both instruments I think will double within 6 weeks, my f/s were tight and got hit Friday. I’m reentering both early next week
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Double in 6 weeks???
Damn....
I would definitely sell calls against SOXS at those levels knowing how quick the nasdaq could rally sending shares of SOXS down an easy 30 to 40% in 2 weeks from your doubling time frame.
If inflation data is high and the markets do not like the fed rate cuts of .25% then I think we could see great volatility and great drop however you have to be ready for those 2 to 3 percent weekly bounces .....
I'm short USD and TECL I'm holding at a loss on both but USD short is very close to profits. If you claim SOXS to 60 than USD could easily fall below 65.
I would greatly short SoXS at 60 plus or just go long a bunch of soxl if this happens by end of year....the problem with 3x etfs is once the sell off it takes a hell of lot of up days and a continous amount of up days to get it back to its all time highs. ...