Everything about the indicators scream overbought:
RSI is high
Price is stretched above VWAP
Riding the upper Bollinger Band
Only thing still bullish is EMA12 > EMA26, and that’s lagging. Once that crosses, the dump is on.
And let’s not forget: the Buffett Indicator was already at 1.7 before today’s jump. Normal is 0.8–1.3. We’re deep into ‘correction incoming’ territory.
So yeah, this bounce? Classic sugar high. The real pain hasn’t even started.
Normally it's called a dead cat bounce (idk why 😿) when the stock market crashes and then has a nice little bump before crashing more.
It's people trying to buy the dip, and fat cats pumping and dumping more shares, VCs trying to dump money into stocks to keep it near an attractive number, etc.
What Trump did here was gave the stock market a line of cocaine during it's dead cat bounce.
I've just managed to turn the current instability into profits. Ive done better this month, as I have set aggressive positions against the market in preparation.
When I mentioned COVID, I was mentioning, you know, the biggest drop in the market since the current one.
In some states, after a year lease is fulfilled, if no future negotiations are made, the lease becomes a month-to-month contract.
Even still, not only is there no way that you have to pay for May or June without having signed anything, you very likely provided them with some kind of sign on collateral like most lease deals require, like first and last month's rent, plus security deposit, something like that. That should all be coming back to you.
No doubt he (Elon) has (propped up the stock from the white house), and is. TSLZ has been a wild ride. But every time I consider getting off that roller coaster I just say "nah. Fuck him." And let it ride. I only put $1000 in TSLZ and that's like $2500 now I think. Idgaf if I lose all that; that's now a principal investment :)
And yeah you probably right. But anybody who has a full time job and a 401k is out here mindlessly investing in TSLA through their 401k, I'm out here trying to take money out of Elons bank.
And to those that don't have a full-time job and are, I guess for lack of a better word, otherwise envious...
I built my own stock portfolio on ~$20 a week out of a part time check from a brewery, starting in 2009. Y'all can do the same (well actually, we'll see...). Vote with your dollar, etc.
Not everything. But yeah, I used them to buffer damage my portfolio would have otherwise taken, and then made aggressive puts against highly volatile stocks like RDDT and DJT. Bought dumb sounding options for pennies, selling them for dollars.
Prior to inauguration day, I balanced my portfolio to favor bets against the s&p 500 (SQQQ, TSLZ, SPXS, ...)
I kept enough of my exposure to the s&p 500 to not be an idiot here. Basically while the s&p went down $1, I went up about $1.25. and also the opposite.
Then, as my assumptions appeared correct, I starting making aggressive puts against DJT, RDDT, and many others. Employing a common bear market technique referred to as "shopping for lottery tickets."
Today's not looking good because Donnie is giving a talk and DJT is getting another bounce, but if it sinks back below $15 before May, I'll cash in another ~$10k.
Fucking at least wait until the semester is over you assholes, Christ.
It sounds like this isn't something that just happened but has been happening in a vacuum without the universities being notified, and they're discovering it manually.
This to me appears as though they're trying to create a pipeline to create scary optics (of scary things) of 'rounding up and deporting protestors from college campuses'.
This is heartbreaking. I hope all here on visas are able to finish their semester and find a clean way to GTFO. But honestly your life and safety have no price. It is worth every penny to find a way out of here ASAP.
Wouldn't that defacto violate HIPAA?