Market really heading into correction? Or is it just a blip?
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $iShares MSCI Japan ETF(EWJ)$ With key indices such as QQQ and SPY extending losses for second day straight, do the whales think that AI related tech stocks are finally overextended in their valuations, which is reflected in the pullback? This bearish signal is definitely backed with volume. However looking at past few months, bears usually would not last long. So position yourself properly, have your stop losses intact to ride this chop
Bull or Bear market? AI truly a bubble or a reality into the future?
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. $Invesco QQQ(QQQ)$$SPDR S&P 500 ETF Trust(SPY)$ With the key indices such as S and P 500, QQQ kept breaking new highs, driven by tech stocks, how much does it need to run before its considered a bubble? A weaker consumer index, a higher than predicted CPI number does not seem to quench the thirst of tech bulls. So continue chasing the hype, or position ourselves for a potential retracement? Share your views in the comment section![Bless] @PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. $Netflix(NFLX)$ I have been selling credit put spreads on NFLX since it retraced to $70+ levels after its earnings announcement. Its providing me constant premiums and wins so far. So lets see whether this will last or its truely a trap. Please share your views and opinions in the comment section! Thank you for your kind attention.[Bless] @PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. A summary of key events for this coming week. @PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. $OpenAI Lab Ecosystem ETF(OAIW)$ This is OpenAI pre IPO offering price. Isnt it CRAZY? This is proof that valuations for tech companies, especially AI related, are out of whack. Yes I do not deny that ChatGPT, primary software of OpenAI, has the potential to grow and justify its forward valuation. But definitely not right off the bat. @PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. Lets see if US gets bankrupt first or Iran will give in on US terms. Ultimately no one will emerge as a clear winner for sure. @PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. $Paramount Skydance Corp(PSKY)$$Warner Bros. Discovery(WBD)$ Wow. PSKY is forced to sell one of its most valuable asset, CNN in order to facilitate the acquisition of WBD. This proves that in the US once you ruffle the wrong feathers, there will be a mountain of red tape created for you to unravel before you get what you want.[OMG] @PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions. Is AI boom still on track? or is it reaching a bottleneck in valuation? Share your views in the comment section! @PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]