SiP

Have a good weekend folks!

Biggest sellof for nasdaq since October 2022 (weekly). Sp500 since March. Biggest drop on NVidia since.... 2020 in pandemic. Ugly. But..... Next week looks very good. Big names Meta, Microsoft, Alphabet Tesla, Intel and many more from mag7. Could change the trend. I would close nq shorts next week if I had them hahahaa I'm all IN since Jan 2024 in oil, energy, copper and some metals. The Q is also whether to take some chips off the table.

And April suppose to be good because of tax Bahahhahaha

SMCI lost 20% today. 40% from peak. Wow. So the higher for longer started kicking? Eventually?

What a ugly bitch

Nvidia - 10%

Its time to sell gold? Too hot? Netflix earnings are not good enough to hold the market. Some technical indicators point out to end of this shallow correction. It will be interesting to see how the situation develops over the next week.

The market is in sell mode for past weeks. Stop buyin

higher yields are like knives, could kill the market.

whats the reason for drop? It was so nice for bulls. even too nice. Good todays retail sales print? too hot numbers, or maybe a dictator at ME said something.

So the economy is running hot Growth in Federal Tax Withholding Remained Solid in March Federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted daily by employers to the U.S. Treasury–continued to increase at a solid, healthy pace in March. We estimate that economywide withholding grew by 5.8 percent in March (compared to the amount in March 2023), about the same as the 6.0 percent growth recorded in February and in line with the range of 5 percent to 7 percent recorded in each month since May 2023, with the exception of a dip this past January (again, comparing all amounts of withholding to those from the same month in the prior year, see the chart below). https://taxtracking.com/growth-in-federal-tax-withholding-remained-solid-in-march/

There suppose to be WWIII @ ME after the weekend. I see that market didnt get the memo. Yen is crashing. Broke 150 USDJPY and keeps marching higher. Im amazed by strenght of US economy and USD.

Have a good weekend folks.

What is wucker?