Yesterday the stock market took a major dive but what really caught my attention was the afternoon selling pressure. Big tech names were tanking like nothing I had seen since February 2016. Anyway, me being the idiot I sometimes am decide to try to catch a few stocks that I want to own but end up getting my face ripped off and then exiting my trades. Today the market opens and we seen a major tank job and reversal. I like to call it a "hand of god" reversal. Stocks start going through the roof and I was able to capitalize with some small gains. At this point the question is whether the action today is just a dead cat bounce or if we'll keep the current level of the market tomorrow. To me this really looked like a dead cat bounce but we also need to consider that those who are responsible for the current market bubble we're in aren't gonna let this market fall too far unless this is setting to be the "big one". Likely scenario is that the market doesn't make a huge move in either direction tomorrow but big high flying names will likely move higher. I'm currently holding shares of (ULTA) and (TSLA). If this market makes another big move to the downside I'll be out until the dust settles. Stocks on my watch list are (AAPL) (NFLX) (DPZ) (AMZN) (HD) (BABA) (AVGO) and (NVDA). Be careful out there.
Any long term investments should be SILVER, GOLD, or CRYPTO!!! The stock market is simply a means of creating wealth and then transferring it to hard assets.
Well well look who it is, Martian Money Hunter!
Looks like is my post is getting more action than I am tonight