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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (86051)4/20/2024 8:11:32 PM
From: Sun Tzu  Read Replies (1) | Respond to of 97539
 
I got the feeling that the latter part of Friday was due to stoplosses being taken out and the options dealers getting squeezed. So I covered most of my short position 5 minutes before the close.

I don't think this market is done falling. I will have to calculate how much dxy has gone up over the quarter.



To: ajtj99 who wrote (86051)4/21/2024 2:20:23 PM
From: Libbyt  Read Replies (1) | Respond to of 97539
 
Where would you be a possible buyer of NVDA or AMD to add to a long term position? Do you still believe that NVDA will have new highs later in the year? Zeev always had some great Outrageous Buy targets, and we may not be there for NVDA but after the sell off on Friday it seems like it should be getting close.

When you hear ABT, anything but tech, it makes me think that too many people have now taken the opposite trade, and maybe a short position in big tech is becoming an overcrowded trade.