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SOCIAL MEDIA AD BOYCOTT spreads - can NASDAQ still rally ?


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#1 dTraderB

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Posted 26 June 2020 - 08:22 PM

A sudden avalanche of  companies boycotting Facebook and other social media seems to be growing

larger even on a late Friday evening and night.  Can NASDAQ still rally to ATHs?  

 

Coca-Cola joins Facebook boycott with a pause on all social ...
The Verge-1 hour ago
The Coca-Cola Company is pausing all digital advertising on social media platforms globally for at least 30 days starting July 1st, the soda ...

 

 
 


#2 dTraderB

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Posted 26 June 2020 - 08:33 PM

Facebook reverses policies as ad boycott sends stock down
MarketWatch-4 hours ago
Facebook FB, -8.31% , which gleans nearly all of its revenue via advertising, saw its stock drop 8% in Friday trading after Unilever UL, -0.67% ...
 
 
 
Unilever, Coke and Hershey's abandon Facebook advertising ...
Which-50 (blog)-20 minutes ago
In some cases, the campaign has spread to other social media platforms. Shares in both Facebook and Twitter are getting smashed as a result. In recent days ...


#3 dTraderB

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Posted 26 June 2020 - 08:42 PM

Getting a bit crazy & overdone now with all these doom & gloom predictions.  Sure, markets will decline but "Black Swan" crash? No what, it is a different world and an different market, with the FED and CONGRESS waiting to pump even more trillions. Do not rule out the FED buying ETFs!

 

‘Black Swan’ author says if investors don’t use a ‘tail hedge,’ he recommends ‘not being in the market’—‘We’re facing a huge amount of uncertainty

https://www.marketwa...inty-2020-06-26



#4 gannman

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Posted 26 June 2020 - 11:46 PM

the problem is if people think the reopening is delayed 

 

if that happens we will see a mass exodus imo 


feeling mellow with the yellow metal


#5 dTraderB

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Posted 27 June 2020 - 08:14 AM

SPX island still intact. So is uptrend line.

 



#6 dTraderB

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Posted 27 June 2020 - 08:18 AM

Panic in the air. Inverse ETFs like QID and SH are seeing a jump in volume, accounting for more than 1.5% of total volume. That has been a pretty much perfect sign of a short-term pessimistic extreme, except for that nasty bit in late Feb - early Mar.

https://twitter.com/...596211101978625



#7 dTraderB

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Posted 27 June 2020 - 08:19 AM

Traders are throwing caution to the wind amidst the mad scramble for everything GROWTH: The MSCI World Growth/Value ratio's 14 month RSI is at its *highest level* ever! (higher than in 2000 and 2007) Growth & tech seems at risk of a big shakeout here - remain on high alert.
 

https://twitter.com/...466291843440643



#8 dTraderB

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Posted 27 June 2020 - 08:20 AM

NASDAQ's rally has pushed it *16% above its 200 dma*, while only 45% of NASDAQ members are above their 200 dma! There is only 1 other time this happened (big NASDAQ rally on weak breadth): Feb 2020, just before stocks crashed Only difference? Breadth now is *WORSE* than in Feb
 


#9 dTraderB

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Posted 27 June 2020 - 08:24 AM

S&P Positioning. Large Speculators covered/didn't roll *70%* of Net Shorts last week. It was the third largest net increase of all time, rivaling the summer of 2007. Looking at history – at a minimum, this positioning is no longer a clear supportive signal for Stocks.
https://twitter.com/...832648409817088

 


#10 dTraderB

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Posted 27 June 2020 - 08:26 AM

$SPY After-Hours return now +27% since Mar 19 bottom (2d before market). Nearly all the gains have been after-hours. The easy streak has worked spectacularly for 3 months. How long can it continue? Watch closely for when this changes. Have a great weekend!
https://twitter.com/...470265937977345