The Grinch Who Crashed Wall Street... Santa Selloff

[zdreg]

humble

Humble on the internet is non-existent.

 

[easymon1]

Looks like even the stalwarts of tech are starting to collapse like CRM & MSFT. Of course they have 40+ P/Es.

All that's left is for AAPL to drop. I still don't understand why it went from $150 to $180. It can easily get back to the $150-$160 area.

If AAPL does breakdown it will take DIA & SPY with it as well as the XLK which is 44.8% AAPL & MSFT:


As of 12/31/2021
Symbol Company Sector YTD Return
(as of 01/12/2022) % of Assets
AAPL Apple Inc Technology -1.15% 23.42%
MSFT Microsoft Corp Technology -5.37% 21.37%
NVDA NVIDIA Corp Technology -4.80% 4.39%
V Visa Inc Class A Financial Services -0.46% 3.20%
MA Mastercard Inc Class A Financial Services +2.22% 2.74%
AVGO Broadcom Inc Technology -6.52% 2.41%
ADBE Adobe Inc Technology -6.12% 2.37%
CSCO Cisco Systems Inc Technology -1.97% 2.35%
ACN Accenture PLC Class A Technology -9.01% 2.30%
CRM Salesforce.com Inc Technology -6.41% 2.19%

Chart links are broken.

https://stockcharts.com/freecharts/candleglance.html?AAPL,MSFT,NVDA,V,MA,AVGO,ADBE,CSCO,ACN,CRM

 

[Nine_Ender]

Humble on the internet is non-existent.

Humble lol Ken's all hype, bluster, and promotion.

 

[KCalhoun]

And yet UVXY SQQQ TZA skyrocket

Targets
UVXY 46
TZA 62
SQQQ 14
SCO 33
KOLD 22

 

[Nine_Ender]

And yet UVXY SQQQ TZA skyrocket

Targets
UVXY 46
TZA 62
SQQQ 14
SCO 33
KOLD 22

6% moves on triple etfs don't even register as an oversized move never mind "skyrocket". WTI is up at around 30% since you stated this thread. And that's not leveraged. Put a triple on that.

Let's say SQQQ "skyrockets" every single day left in the month the same points as today. It would go to roughly 58. Your target is 70. And that's one of your better ones.

 

[KCalhoun]

And the month's just half over..... watch what happens next... another winning day for me, scaling into inverses SPXU SDOW etc today again.

 

[brightside]

And the month's just half over..... watch what happens next... another winning day for me, scaling into inverses SPXU SDOW etc today again.

The sell off is real and its going to get worse. Wait until AAPL closes below the 50 dma. I just made a post about AAPL and a strong potential for a head and shoulder breakdown.
In bear markets they eventually go after everything. The low interest rate support level is gone. Buying the dip will be a dangerous move.

 

[Nine_Ender]

And the month's just half over..... watch what happens next... another winning day for me, scaling into inverses SPXU SDOW etc today again.

Your call was on Dec 2nd. You've gone backwards. You say "watch what happens next" or similar around 100 times a year. Meanwhile WTI went over $86 just now and you were still saying short it at $65-66 less then 2 months ago.

 

[KCalhoun]

nailed it i crushed VIXY SPXU

 

[brightside]

This is getting very ugly.