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Politics : Formerly About Advanced Micro Devices
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To: Real Man who wrote (1462645)6/14/2024 7:40:35 AM
From: Rarebird  Read Replies (1) of 1574098
 
You went long SPX at the peak of complacency while the broad market has been tanking but the major indices have been held up by Megacap tech.

For someone who is usually talking about a stock market crash and end of world scenarios, you couldn't have gone long SPX at the worst possible time.

There are massive bearish divergences in the market now starting with the fact that most stocks are declining. Although that is not a market timing tool, it does raise a lot of caution that the clock is ticking for the Megacap tech sector too.
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