Nasdaq has topped

Short 13523
Stop 13785
Target ~12k

5/1ish

Wanted to buy VIX, but not much point since short index.
 
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It's quite obvious to me that summer correction is very close, USD looks to me like about to bounce too, crude at 70, some tech stocks like TSLA & AMZN have to adjust. Check out USDCAD.

Looks great, but I may be totally misreading situation & may get shafted.
 
Master Pu said:
It's quite obvious to me that summer correction is very close, USD looks to me like about to bounce too, crude at 70, some tech stocks like TSLA & AMZN have to adjust. Check out USDCAD.

Looks great, but I may be totally misreading situation & may get shafted.
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When was our last summer correction? Which year?
 
Master Pu said:
Did you forget COVID-19?
And how about sell in May...
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There was no correction in the summer of 2020. It was in the late winter, and the market had recovered fully by the summer.

Nasdaq had a correction already this year. Why do you think another one is coming so soon?
 
Overnight said:
There was no correction in the summer of 2020. It was in the late winter, and the market had recovered fully by the summer.

Nasdaq had a correction already this year. Why do you think another one is coming so soon?
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Didn't I explain it? When you have the likes of TSLA being valued x4 Google you don't think this calls for price adjustment? They don't own the EV market.

Also I don't believe there was a correction, not proper one.
 
Master Pu said:
Didn't I explain it? When you have the likes of TSLA being valued x4 Google you don't think this calls for price adjustment? They don't own the EV market.

Also I don't believe there was a correction, not proper one.
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Two points...

1. Google is at 1.5 TRILLION market cap.

Tesla is 590 Billion market cap. So how is Tesla "valued" higher than Alphabet? Guess I never understood that bit about stocks.

2. Tesla is -13% over the last month. That's the general definition of a correction. No?

I never understood that bit either.

Fine. When the Nasdaq crashes 80%, which so many people in the world want it to do, you will finally call it the past-due "correction" it obviously deserves.

I so fucking hate bears.
 
Overnight said:
Two points...

1. Google is at 1.5 TRILLION market cap.

Tesla is 590 Billion market cap. So how is Tesla "valued" higher than Alphabet? Guess I never understood that bit about stocks.

2. Tesla is -13% over the last month. That's the general definition of a correction. No?

I never understood that bit either.

Fine. When the Nasdaq crashes 80%, which so many people in the world want it to do, you will finally call it the past-due "correction" it obviously deserves.

I so fucking hate bears.
More...

Haha, I'm not chronically calling for EOW.

Forget market cap, look at PE ratio. Google around 30 & Tesla 135=x4 Google valuation. Google does amazing AI & Tesla makes EVs & doesn't have much advantage over competitors, losing MS.
 
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