Tomorrow S&P takes out pre covid high?

Tomorrow S&P takes out pre covid high?

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Apple $63 bil cap increase right now in pre market . A staggering $2.166 trillion cap or 10.4 times sales . Speechless is too soft a word . I’m basically on the sidelines here outside a few long scalps . Till the casino cools down I’m content to watch history.
 
Nine_Ender said:
And S2007S is bleeding money on his short positions as he posts sarcastic posts about free money. Some things never change.
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I don't fight the trend ... on an intraday basis.

I don't touch the trend on a daily or higher basis.

The music nowadays is playing way beyond 78 rpm speed and what few chairs might soon be left will probably be in splinters.
 
Might be wrong but I think the trigger for correction (or worse) will be fall Covid return with a gusto. Hope not.

And wouldn't that be ironic.

The virus that giveth (to Amazon and tech friends) taketh.

National new cases:
CV new cases.png
 
SammyJ said:
Apple $63 bil cap increase right now in pre market . A staggering $2.166 trillion cap or 10.4 times sales . Speechless is too soft a word . I’m basically on the sidelines here outside a few long scalps . Till the casino cools down I’m content to watch history.
More...



This is history in the making. Fed sitting quietly printing money to keep the markets running to extremes. Something will give as it always does. Think about that, apple valued at a staggering 10.4 times sales. Im telling you something is going to give, how anyone can think this is normal is just idiotic.
 
SunTrader said:
Might be wrong but I think the trigger for correction (or worse) will be fall Covid return with a gusto. Hope not.

And wouldn't that be ironic.

The virus that giveth (to Amazon and tech friends) taketh.

National new cases:
View attachment 237875
More...



It won't be, the next market drop will not be due to covid, the surge we saw with states shutting down a month or 2 ago would have caused another market drop and it didn't as the fed kept the printing machine on full blast.
Covid is no longer a worry for the markets
 
S2007S said:
It won't be, the next market drop will not be due to covid, the surge we saw with states shutting down a month or 2 ago would have caused another market drop and it didn't as the fed kept the printing machine on full blast.
Covid is no longer a worry for the markets
More...
Wish I could be as sure as you.
 
The only way Covid causes a big mkt drop is if deaths sky to 4000-5000 a day in the fall and winter and the shock causes people to shelter in place .I see no difference in traffic or store crowds than in Jan.
 
Nine_Ender said:
And S2007S is bleeding money on his short positions as he posts sarcastic posts about free money. Some things never change.
More...

He's been constantly bearish for well over 10 years. He's obviously not a trader, and is the only person I've blocked on this site.
 
Free money tuesday. Wheeeeeeeeeeee

Green green green everywhere.



US 30
28,395.5
DERIVED
00:21:12 | Futures
+156.5 +0.55%

US 500
3,443.38
DERIVED
00:20:45 | Futures
+15.88 +0.46%

US Tech 100
11,675.50
DERIVED
00:21:14 | Futures
+39.25 +0.34%

Small Cap 2000
1,576.85
DERIVED
00:21:08 | Futures
+10.35 +0.66
 
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