17 replies to this topic

[K Wave]

Despite lackluster FB, BIg 5 Fang bulls appear to have won the pivot battle thus far....

 

As long as 5400 holds, bulls with the ball swing term...

 

Some big earnings still coming over next few days, so status could change at a moment's notice...

 

[12SPX]

It's very exciting and love that your sticking with your outlook not flip flopping on every move!!  Flip flopping, hmmmm who does that remind me of lol!!! 

[K Wave]

So far that big mega-cap fang index has held where it needed to..

If it survives apple and Amazon without breaking back below 5340, we may be about to blow an epic Super Bubble

[K Wave]

And if it does break under 5340 tomorrow, could be a different story..

But right now, despite some breakdowns in some big-name stocks, it looks like the mega caps are going to keep driving this thing higher.... until they don't..

[K Wave]

And it looks like the rule of alternation applies. Amazon getting hammered...

Apple a bit less so...

This sticks until tomorrow, may get interesting....

[12SPX]

OMG just looked at call option prices as I've been on a mini holiday, they are crazy bullish, I think this is the worst of the year, not good for the rabid bulls!! 

[K Wave]

And we can add badly burnt coffee to the ever growing list of stocks breaking down...

 

But until they break the Mega Caps, the prestidigitatious levitation act on the indexes continues.....

 

[K Wave]

AMZN desperately tryin' to hang on to the now momoless 200 day MA after the opening dip....

 

Likely big decision just about to be made on this one...