Will Nasdaq hit 12150 by election night?

Bugsy said:
Yeah it looks like it's almost a vertical line up at this point. Even the corrections are quick and small.
More...
%%
Good QQQ......extended uptrend;
may get more extended................................................................
 
murray t turtle said:
%%
Good QQQ......extended uptrend;
may get more extended................................................................
More...
I dunno, I just faded the Nasdaq breakout at the top. A scary prospect in this day and age, but ffs, markets still need a correction. I'm up about 4 points currently, but looking for it to drop down to 11,350 area.
 
Bugsy said:
I dunno, I just faded the Nasdaq breakout at the top. A scary prospect in this day and age, but ffs, markets still need a correction. I'm up about 4 points currently, but looking for it to drop down to 11,350 area.
More...

Don't let your emotions get in the way.

The market doesn't "need" to do anything. Trade what you see not what you think.
 
Relentless said:
Don't let your emotions get in the way.

The market doesn't "need" to do anything. Trade what you see not what you think.
More...
No. Markets needing a correction isn't a feeling or an emotion. It's a fact on every time scale. The when is the only question. As to fading the breakout I do that because probability wise you win more often than you lose in doing so. That's also a fact. By doing so I'm currently up 50 points on the trade. It doesn't need to hit 11350. My stopout is in the money at this point.
 
Bugsy said:
No. Markets needing a correction isn't a feeling or an emotion. It's a fact on every time scale. The when is the only question. As to fading the breakout I do that because probability wise you win more often than you lose in doing so. That's also a fact. By doing so I'm currently up 50 points on the trade. It doesn't need to hit 11350. My stopout is in the money at this point.
More...

"Need to correct" and "will correct" are not the same. But I take your point.

Nice trade by the way.
 
Apple makes up now 13% of the ndx

And 6% of the s$p

All they have to do is push apple up 2 to 3% a day and the entire market rises.

Literally only 5 or 6 stocks controlling entire market.
 
Bugsy said:
What positives are there in increased regulations and higher taxes in the business world that can be seen as a positive? Can you name the positives that Wall St. and the markets would find that would push the markets up if Biden won the presidency? There is a reason the markets skyrocketed to levels unseen in the past when Trump took office in 2016. If it didn't matter which candidate took office the markets would have cooked the rise that ended up taking place after election into the stock price pre-election, and there would have been no insane market boom such as has never been seen in any presidency. That did not happen and for good reason.

I'd love to hear what you feel the markets will see as an expected reason to rise should Joe/ Kamala win, and the progressive left shit storm the Democrats have evolved into driving their mandate. Trump runs on business and jobs for America. Democrats run on LGBTQ, racial injustice, higher taxes to implement new programs, increased regulations/ scrutiny of business, and the results are business leaving the country for greener pastures, just as they did under Obama.

The market almost doubled under Trump. Unlike Obama who came in when the markets were scraping the bottom of the barrel, where the Dow was down 50% in the 7,000's due to the 2008 recession with nowhere to go but up, Trump came in when the Dow was at 16,000 already. It nearly reached 30,000 under him. I'd love to know what a Democrat controlled presidency would do to spark economic confidence in America that you feel will drive the markets up.
More...



So basically after everything you said the markets as of this second are pricing in a 10000000%%%% trump win in November
 
S2007S said:
So basically after everything you said the markets as of this second are pricing in a 10000000%%%% trump win in November
More...
No the markets are pricing in free money along with an economically viable President. But if Democrats win there is no balance. Even if they were still pumping free money they will tax everything possible just like they do in every Democrat city and state. They will ramp up regulations choking businesses that make them take their jobs overseas where it's fiscally viable. They will create tons of federal jobs eating even more taxes.

Think about it. Even with zero interest and a rock bottom market Obama still could only take the Dow over and above it's prior high by about 3000 points in eight fucking years, and he came in AFTER the recession had done the majority of its damage. A literal retard would have looked good with markets having nowhere to go but up. His over regulating industry and high taxes pushed our jobs overseas.

Trump came in when it was almost at it's all time high and has virtually doubled it in less than 4 years because he creates economic and consumer confidence. He cut regulations at a 3 to 1 ratio while lowering the corporate tax rate to 21% from over 30%. He created bilateral agreements with trade partners eliminating multilateral deals. He utilized tariffs to compensate for unfair trade agreements.

Biden is a Chinese puppet and will push our jobs and money into China.
 
Last edited:
You must log in or register to reply here.
Back
Top