Looks like we are dumping!
Hello my dear bobros, I think this is it, we are dumping.
The potential of good news about a trade deal & obviously also FED good news are already priced in.
I do not expect stocks to rally much higher, even with good news. I think we got as high as we were going to go.
Worries about growth and the FED magically disappeared, every one forgot about that HAHA, but they did not really disappear, only short term.
It is even worse with the DAX, it looks like the selloff is accelerating:
The big bubbles leading the selling:
The bubbles all retraced between 0.382 and 0.618, 0.5 very often, except one of course NVIDIA, which is tied to Bitcoin.
The ones that retraced the more might or might not be the most solid investments when it all goes down.
As you can see, the price for Microsoft barely crashed compared to the rest, and it retraced all the way to 0.618!
Microsoft you could call the Coca-Cola, Heinz, Bank of America (Buffet most solid investments), of tech.
I also have to show this:
Bitcoin is flatlining, worse, it is flatening with a slight angle down.
This is very bad, this is what usually happens:
It seems to have the same outcome in both directions, but when it is pointiçng down it is much much worse.
When it is pointing down, no one can stop the selling, and the trapped bulls have to vomit everything fueling the seling even more (kind of a long squeeze).
Nvidia and AMD are in the top 10 most traded stocks now (Tesla is not up there anymore lol), they usually have a volume of about 1.5 Billion usd.
This is what I think could happen:
- Bitcoin collapses, as it seems to be about to do
- Nvidia collapses
- AMD quickly follows
- Tech companies follow
- The whole world stock market follows
Disclaimer: I am in 4 (uncorrelated) positions at the moment, including short on Bitcoin & the Dow Jones.
About the bigger picture I just think the FED is trying hard to avoid the stock market getting even higher, but they also want to avoid it falling too fast.
Just look at how popular the socialists, the social justice warriors have become. The FED job is to prevent these morons to come to power. It is their main purpose.
BEFORE THE FED
AFTER THE FED
BUT OH OH! THE FED ARE IN A TIGHT SITUATION NOW
Well, let's see how the FED gets rid of their 4 trillion without destroying the world and without printing ridiculous amounts of money.
YOU MIGHT WANT TO NOTE THIS.
IF
THE
FED
CANNOT
PREVENT
SOCIALISTS/FACISTS
TO RISE
THEN
THEY
FAILED
===> Back to a gold standard! Another failed FIAT experiment.
Why did these idiots overdo it in 2008+? Gee, but why? Why was it so urgent to print that much? Whatever. Incompetence. I should rule the world, I know best :p
Democracy failed too (not the voting for legislative power senate + deputies that's fine, the executive power is the issue), Might as well make MrRenev the president of earth, he knows.
The potential of good news about a trade deal & obviously also FED good news are already priced in.
I do not expect stocks to rally much higher, even with good news. I think we got as high as we were going to go.
Worries about growth and the FED magically disappeared, every one forgot about that HAHA, but they did not really disappear, only short term.
It is even worse with the DAX, it looks like the selloff is accelerating:
The big bubbles leading the selling:
The bubbles all retraced between 0.382 and 0.618, 0.5 very often, except one of course NVIDIA, which is tied to Bitcoin.
The ones that retraced the more might or might not be the most solid investments when it all goes down.
As you can see, the price for Microsoft barely crashed compared to the rest, and it retraced all the way to 0.618!
Microsoft you could call the Coca-Cola, Heinz, Bank of America (Buffet most solid investments), of tech.
I also have to show this:
Bitcoin is flatlining, worse, it is flatening with a slight angle down.
This is very bad, this is what usually happens:
It seems to have the same outcome in both directions, but when it is pointiçng down it is much much worse.
When it is pointing down, no one can stop the selling, and the trapped bulls have to vomit everything fueling the seling even more (kind of a long squeeze).
Nvidia and AMD are in the top 10 most traded stocks now (Tesla is not up there anymore lol), they usually have a volume of about 1.5 Billion usd.
This is what I think could happen:
- Bitcoin collapses, as it seems to be about to do
- Nvidia collapses
- AMD quickly follows
- Tech companies follow
- The whole world stock market follows
Disclaimer: I am in 4 (uncorrelated) positions at the moment, including short on Bitcoin & the Dow Jones.
About the bigger picture I just think the FED is trying hard to avoid the stock market getting even higher, but they also want to avoid it falling too fast.
Just look at how popular the socialists, the social justice warriors have become. The FED job is to prevent these morons to come to power. It is their main purpose.
BEFORE THE FED
AFTER THE FED
BUT OH OH! THE FED ARE IN A TIGHT SITUATION NOW
Well, let's see how the FED gets rid of their 4 trillion without destroying the world and without printing ridiculous amounts of money.
YOU MIGHT WANT TO NOTE THIS.
IF
THE
FED
CANNOT
PREVENT
SOCIALISTS/FACISTS
TO RISE
THEN
THEY
FAILED
===> Back to a gold standard! Another failed FIAT experiment.
Why did these idiots overdo it in 2008+? Gee, but why? Why was it so urgent to print that much? Whatever. Incompetence. I should rule the world, I know best :p
Democracy failed too (not the voting for legislative power senate + deputies that's fine, the executive power is the issue), Might as well make MrRenev the president of earth, he knows.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.