The uptrend isnt parabolic yet

[derektrader]

I keep thinking stocks are way overbought but everytime i look at the naz or s&p, i just see a strong uptrend. We either have to have a melt up which we may be in the middle of, or a big volume down day that clearly breaks the trend. For now, enjoy the easy money to the upside.

 

[Overnight]

I keep thinking stocks are way overbought but everytime i look at the naz or s&p, i just see a strong uptrend. We either have to have a melt up which we may be in the middle of, or a big volume down day that clearly breaks the trend. For now, enjoy the easy money to the upside.

Welcome to 2010?

 

[Market_Diver]

I keep thinking stocks are way overbought but everytime i look at the naz or s&p, i just see a strong uptrend. We either have to have a melt up which we may be in the middle of, or a big volume down day that clearly breaks the trend. For now, enjoy the easy money to the upside.

Only slightly. Still healthy.

 

[pauk]

I think we need a blast off starting from monday to take us towards maybe 4200 area for a temp top.
And then maybe a drop back to 3500, followed by the next rally to new highs

 

[derektrader]

Either way the market is walking a tight rope.

 

[Nobert]

,,In those 13-een years, market went down ten times, 10% of more, so did my portfolio, but in the end i still done better, simply by avoiding the loosers.'' - Peter Lynch
(not sure tho, was it 13 or 10 years, anyway)

Good place to start building a clue on where to find the loosers :
https://www.elitetrader.com/et/threads/industry-returns-the-decades-winners-losers.346782/

Went through the balance sheets in 6 months, of the SnP500 list and down to 600M caps.

There's a looot of garbage out there, that officially remains in that list. Maybe ~20% (or even more, haven't gathered the exact number of companies that haven't made it through the ,,accepted process'')

 

[murray t turtle]

,,In those 13-een years, market went down ten times, 10% of more, so did my portfolio, but in the end i still done better, simply by avoiding the loosers.'' - Peter Lynch
(not sure tho, was it 13 or 10 years, anyway)

Good place to start building a clue on where to find the loosers :
https://www.elitetrader.com/et/threads/industry-returns-the-decades-winners-losers.346782/

Went through the balance sheets in 6 months, of the SnP500 list and down to 600M caps.

There's a looot of garbage out there, that officially remains in that list. Maybe ~20% (or even more, haven't gathered the exact number of companies that haven't made it through the ,,accepted process'')

%%
WOW look a the low pe ratio in 2000/SPY/s+p500 chart in this thread.The way the WSJ hates hi PE ratios; I should have never bought anything 1999-2020/LOL

 

[Nobert]

The way the WSJ hates hi PE ratios; I should have never bought anything 1999-2020/LOL

Aaaa - men

Since we have those march lows, only once every few years, buying any other time is just too risky & foolish.

 

[murray t turtle]

Aaaa - men

Since we have those march lows, only once every few years, buying any other time is just too risky & foolish.

%%
True--especially with the dow;
QQQ/TQQQ/QLD trends so well, good buy most any time except a bear market...…………………………………………………………………………………………………………………..

 

[destriero]

Translating the Sicilian:

"I have no money, but if I did I'd ride this until it drops!"

Such a value-add.