NQ Update

Not even bad earnings from AAPL and AMZN can stop the melt up.

I guess they're all waiting for Biden to spend more money. US goes socialist, market goes up, lol. All cash, though I might short China.... oversold but just looks broken.

Comment:

The disconnect between the market and reality is amazing. Not even bad earnings AND poor guidance can take stocks down. The market has gone full crypto, people are buying for the sake of buying and underlying value means absolutely nothing. (cryptos actual have no underlying values, you're buying a bunch of numbers)

When the market starts to completely ignore fundamentals, you're just trading by guess work. At this point, all I gotta say is that the market will melt up until it doesn't, lol. Probably sell the news event when the bill passes.

I might start focusing on foreign markets, the only way to make money on US stocks is if you can get bullish on garbage stocks like FCEL, lol.

Comment:

Algos are in full control, appears they want the top trendline no matter what.

Fed meeting next week so be careful though. Also if you're bearish and want to short, try foreign market ETFs or ADRs. No way I'm shorting US stocks or indices.