Good volume on what seems to be the bottom. Might be a good longer term hold.
We are are seeing the dreams of a Christmas past. I would be all over TSLA in a normal bull market but given the complete collapse of the markets, all we are seeing is low volume churning by retail investors. I would not touch TSLA, until it gets below $170, but ideally $140. TSLA is one of the best large cap stocks there is, but nobody will be unscathed in what...
The hopium of this stock is that it will help build the AI infrastructure. The problem is that AI infrastructure is already overbuilt and we are going into massive layoffs in the tech sector. Furthermore, the AI bubble is wakeup call is that like back in the internet bull run, most companies that have been buying all the tech to turn into an AI company will go...
There is little chance this stock does not correct give its extreme levels and the timing of the looming recession. People will be eating at home or at cheaper alternatives. The selling buy the top executives this early in the company history is not a good sign, not a disaster, but it makes one question the leaderships conviction.
The Vix is off and running this week. The market is massively over extended and now good news is even bad news, the sure sign of a market sentiment change to the down side.
The massive bull markets need huge pullbacks to work to new highs. We are set up for a major correction before the next leg up.
The homebuilders will probably be one of the best shorts over the next 2 years. Rate cuts are NOT bullish for homebuilders at this point in they cycle. The consumers is broke, and the price of homes is 50% higher than the historic mean. Furthermore, property taxes has made even low end homes unaffordable to the majority of first time home buyers. We are entering a...
Bulls have become a cult unable to see the weakness. Unfortunately YT has become a boiler room stock pumping platform. BTC CANNOT move on to new highs without a complete washout of new dumb money churned up by all the new ETF's Wall Street ALWAYS crashes a new ETF once everyone is on board.
PLTR is a perfect example of WS incompetence and dishonesty. Don't you find it odd that they never tell you they were wrong? Most funds are now back to even on PLTR and now they are very likely dumping in hopes to buy back lower once we enter the recession.
Once damage is done to a long term bull market, everything is turned upside down. The novice investor will see the price cut and impulsively buy only to get destroyed at new low after new low. Look out to the weekly chart to see where the massive support is and buy near there.
Looking like it is time for the usual silver rug pull. Silver has not once not destoryed the perma bull, death of the dollar, metals are money cult. They even agree the game is rigged, yet still fall for every sucker rally. Just because you have a physical object in your hand it does not make it some superior asset.
The bottom is likely in people are waking up to this being an AI / Quant play. The extremely low cap and insane potential makes BDP one of the best plays today.
We probably have a few more years before the silver bull market starts. That said, the best thing that could happen to ignite the bull market would be a final low below $12. Given the performance of silver over the last few years, it is more likely that we see sub $12 or even down to $8 before anything over $40.
The repeating patter for silver in the last decade has be substantial corrections after 3 failed tops. Too many bulls are in this market.
Looking like a triple bottom will hold. If not $8 is not out of the question. A big commodities super cycle set up is coming, what people must understand is that super bull markets must have a massive washout before the beginning of the run.
Until a final return to QE we can see some major losses in all markets. Metals are NOT a hedge against anything but the final collapse of everything and we are not there yet.
Every idiot internet trader, idiot tech lover, every idiot fund manager told you to buy above $20.
Markets are not made with a one sided trade. Likely scenario for this market is max pain before the launch to new highs. Patience is key as usual.