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Showing posts with label ADBE - NOW Stock. Show all posts
Showing posts with label ADBE - NOW Stock. Show all posts

May 6, 2020

Markets with no fear and on a tear...

Markets with no fear and on a tear...

Markets have been on a tear after the huge drop in Q1 March when we dropped around 12K points on the DJIA and have recovered over half of these points already.. But that is not the main story here - the DJIA, a closely monitored daily index is not reflective of what is happening in other bubble areas of the NASDAQ and software companies which are trading at multiples unheard of even in the dot com bubble days... And no matter what anyone says - or the talking heads on Bloomberg or CNBC - these prices for the stocks are driven entirely by nothing else other than Fed policies and actions. There call to basically monetize anything and drive rates to ZERO during this pandemic - along with now going as far as loaning money to businesses is beyond belief.. The Fed has clearly crossed its mandates without any regard for the future of this nation or the debt that is entailed on our future generations. We utter or throw words of TRILLIONS as if it is a joke - now the US is indebted and the Fed's balance sheet is now growing like a weed..with no Roundup.. Over $6T and heading higher - we wish we had a money printing machine to print unlimited money in our backyard with no repercussions or consequences for our actions - at least that is what these bozos at the Fed and in the government think.. It is just keep printing and there is no way in hell we will ever pay back this debt - EVER!!!

Machine trading has taken over markets - stocks are moving over 100% in a span of less than a month and not one talking head or the Fed comes and says - yup this is a bubble... Totally out of it - they will all be out of their positions at the Fed when the bills come due and earning millions at private banks/institutions and will be called saviors.. No wonder sometimes we agree with Trump - that there is really fake news and propaganda out there to keep this bubble growing - companies with ZERO revenue growth and revenues trending down and folks come on TV and analysts screaming new targets and buy recommendations - unheard of in the last 30 years.. There is ZERO sense of price discovery any more and no regard for revenue, PEs, P/S ratios, margin and name it - no metric matters.. It is just trading and some justification is provided for why the stock price is where it is.. Just take a look at AMD, NVDA, SHOP, COUP, TTD, CRWD, ZS, ZM, OKTA, DXCM and many more - trading at numbers we would consider not just in the stratosphere but beyond... But what does this mean - as long as the Fed rates are ZERO and policy is accommodative you have to trade this market and make money. Trading intraday or overnight and using options has been a really profitable way to make money.. And with the volatility in stocks as high as it is now - there is no way you cannot make money.. Machines are trading and the where the machines are buying and the market actions and stock intraday volumes are very reflective as to how the action during the day is going to be.. The list above is very useful for making money and monitor these stocks and you will see what we are saying - SHOP has moved over 100% in less than a span of a month.. Think about it - people are giving money to the US government for 10 years at 0.3% and this stock moves 100% in less than a month... Yup it is not a bubble...!! The Fed is asleep and is actually just acting as ignorance is bliss or are fully aware but refuse to bring reality and real price discovery back to markets...We are truly in a different era and market model and what I call the Twilight Zone markets.. 

Here are some charts for your perusal - just huge moves and if you were smart you would have bought as the VIX was in BUY territory... just take a look at the bounces of the recent correction - staying long as we expect DOW and SPY to hit brand new highs next year - 40K for the DOW and 400 for SPY.. 

Also check out our buy/sell signals in charts below and on our stockcharts page along with our screeners - truly awesome.. 

We will be adding unlimited trading for $30 on our site soon - so for all you options traders (stock trading is ZERO commission) and unlimited options trading will be $30.. No one offers that except us in partnership with Tradier brokerage - options commissions on per contract basis are half of all the other brokerages.. $0.35 per contract vs $0.65 for all others.. The $30 unlimited trading has no limit or minimums..

  

 

and many more on our site at www.trucharts.com/stockcharts.aspx.

make money while the sun shines.. long any tech stock.. Wait on leisure stocks for now till August..

Bob B.
Founder - Trucharts.com