What the "Dow" is happening?

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We neatly bounced off the 200-day moving average yet again,  in a textbook fashion.  Machines have truly taken over it would seem :) .  Anyways , this is a good setup now heading into what will likely be a good first quarter earnings season  ...
 
fortune11 said:
We neatly bounced off the 200-day moving average yet again,  in a textbook fashion.  Machines have truly taken over it would seem :) .  Anyways , this is a good setup now heading into what will likely be a good first quarter earnings season  ...
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Jim Cramer credits the Stormy Daniels interview with raising the market's spirits.
 
eyephone said:
What?s in the cd that was tweeted?
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Don?t know maybe something saved for next time to get even more mileage out of it ....

but with evangelicals now comparing trump to king David I can certainly see the hand of God in today?s rally .. I do wonder what magazines (maybe made of Stone?) they used for spanking purposes in those days ...
 
Mostly based in FANG stocks, and NVDA. Each has a unique problem in addition to getting a bit out over their skis. FB is under investigation, AMZN is a Trump tax target, and TSLA has its own problems. In any event it?s ok to bring these prices back to earth, as long as it stays within the sector.
 
I like the lesson that prison movie gave with Andy and Red as the main characters.  Pressure and time.
Sure my stocks took a hit, but I'm using the Buffet strategy of never selling because retirement is still 25 yrs away.
 
Bottom line is ? the upward channel and trend line is still holding above 200 day moving averages ?meaning the trade war has not dented market perception of current bullish cycle or that with the gaziliion exemptions being granted, it is now being perceived to be toothless .

The FAANG stocks by themselves aren?t enough to cause a broader market deval

You don?t need any hocus pocus about valuation / cheapness or trump rally etc to understand the trend . Everything is ultimately reflected in price and charts that  tells you all ...
 
So would you buy or hold or sell FB?

Have you seen videos of Mark Z. giving speeches on YouTube?
It may matter because when he might potentially testify before Congress.
 
I traded through it after its initial collapse.  Now, don't own a share directly.  I have never been comfortable with the monetization model and the barriers to entry.  I remember MySpace. Call me a fuddy duddy, I don't really like social media. I am more comfortable making money in things I have a better understanding of.
 
eyephone said:
So would you buy or hold or sell FB?

Have you seen videos of Mark Z. giving speeches on YouTube?
It may matter because when he might potentially testify before Congress.
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Not sure if you addressed this to me but I am not really a believer in timing single name stocks ? very few people have an edge . Rather trade market and broad sector ETFs where trends and cycle turns can be better  identified as opposed to worrying day and night about your favorite name blowing up .

As to tech , I am a believer in adding apple whenvever it sells off ? to me , it is the only ?value play? in tech
 
See you soon Mark!
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can't take credit for this....saw it on reddit.
 
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