Jump to content

World Stock Markets Trading Discussion - Haunted hallways


Recommended Posts

  • Replies 34
  • Created
  • Last Reply

We've had a bubble in the FAANGS.  Now it's collapsing.  It was a concentrated institutional bubble that reminds me of the Nifty 50 in 1972. That was also an institutional bubble in which the retail public played no role.  

Link to comment
Share on other sites

Bank stocks still very strong. JPM looks like it's trying to hit its 52-week high. But credit agencies MCO and SPGI have taken a big hit. Selling is just getting started in the credit card and payment services sectors. And brokers not looking healthy.

 

Small biotechs have just gotten clobbered. Hope to pick up some deals after we are done with the down phase. Large biotechs not hit badly so far. XBI  small caps down to $93 now. But FBIOX large caps are holding up. Not time to buy yet. But genetic engineering stocks are a deal already and antibiotics are getting wasted. Not bad prices on CRSP, EDIT, CORT, NBRV...

 

TSLA looks broken. Hoping it goes to zero.

 

The "Cloud" sector is getting heavily sold. These investors are fickle and run as soon as they see a turn. But they have a great ride on the way back up.

 

Small caps alreally got hit last week. MKTX, HEI A (Haico A) and ELLI are already back in my buy range.

 

EDIT: I take that back about HEI A - forgot there was a stock split recently. It is not at all in my buy range.

Link to comment
Share on other sites

Totally off the wall but Lee, have you ever run your analysis on the ES or SPY.  One can agree or disagree that the derivatives tail is wagging the market dog but a comparison can't hurt. Of course it's a lot of work.

 

Sure. No work at all. I've done it in Tradestation. The futures lead but only by seconds. Sometimes they lead moves that don't happen too. SPY follows pretty instantaneously. The averages are caluclated, so they're last, but again, we're talking seconds. It's not material to swing trading. Only matters to futures scalpers and bots. 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...