DJIIXICSPX Wait until all the stonk bros realize securities are extremely overvalued and physical silver is 10x undervalued. Thats okay, gold and silver are just silly old worthless relics though, right?
IXIC I think it's pretty clear now that the Nasdaq has completely broken down technically. it has blown thru all of its near term support. The bottom is hard to pinpoint right now but there is still a lot of pain ahead
IXIC futures opened down about 1% Trump doesn't rule out a recession amid trade tariffs. Get ready for taking more paper losses , clsoing out your paper losses and just taking the actual loss, or look for companies that are still relatively "cheap" and worth buying now. We're going to lose another 2-5% this week is my guess. Amongst all the losers there are some really good companies at great prices. OKTA is one. V is another great dividend paying stock I would buy and hold it add to. Some say it's too early to sell the leisure and cruise co.paniea but I don't think it's too early to get out now. Norwegian (NCLH) , Royal (RCL) is already down a big chunk, and down 15% just in the last week. Out of the cruise lines this is the best, doesn't mean I'd buy it at anything over $150. Carnival (CCL) doesn't look all that great either. The cruise lines will be cheaper in the future. Don't buy now. Airlines are also something to look at. Only a few Inwoudlmr actually buy today. Good luck all!! We need it!
MASDAQ Support and Resistance IXIC Resistance 1 @$18,376 2nd resistance @$18,461 3rd level of resistance @$18,510
Support Level 1 @$18,016 2nd support level @$17,941 3rd level support @$17,883
SP500 support and resistance Support #1 @$5,721 #2 @ $5,701 #3 @ $5,686 Key numbers to watch are the one month and 13 week lows which are the same number @ $5,667
Resistance #1 $5,818 #2 @ $5,837 #3 @ $5,854 .it's very close to breakdown and selloff to $5,800
IXIC The NASDAQ has completely broken down. Broke 200 day on third attempt. If the bulls were going to trump this bearish trend then it would have happened at the 18,200 level. The bulls were able to keep it above the 200 day for 2 days, as I said, on the 3rd try it went right thru it and closed just over 18,000. On Friday it traded as low as $17,768 but the market turned and it closed up .7% at 18196. 2 consecutive closes under the 200 SMA. A key number to watch is @$17,771, which is the 30 day low and also the 13 week low. another important level is the 1 year low which is $15, 222. I'd say the odds of it breaking down to 15k is pretty low, but there's so much uncertainty in the market related to the Trump administration and more importantly, the tariffs. which is has been changing or moving the date almost every other day. tariffs will hurt us but uncertainty will likely hurt more. GL all! I still think we close out the year @~17,000, but that doesn't mean we don't trade as low as 15,500-16,000
BABA I love this company but it's going to turn along with the IXIC and SPY they'll all close down from the prices right now. The SPY and Nasdaq will likely close in the red and BABA will close around even. Long term I own it and live it , short term (7-10) days it's going to selloff . Just my opinion
IXIC Will we close under 20,200 or will the bulls take over and start a multi day push up? Im strongly leaning towards a continued breakdown on the Nasdaq. It's testing the 200 day again. It will close under it soon and then we're in for more pain well the bulls are in for pain.