Semiconductors are leading the charge sharply lower for tech, led by NVDA, AMD, UCTT and a few dozen others — with bone crushing declines. These stocks deserve to be murdered or buried alive. The oscillator in Exodus, powered by predictive algorithms, is not close to oversold yet.
Amazingly, there’s a flipside to this debacle, an alternative universe where the rotation is as clear as the day is long. The banks are being bought with extreme vigor.
On May 31st, 2017, Exodus‘ mean reversion intelligence flagged oversold for FAS. It’s important to note, for the sake of posterity, it was correct — yet again.
Our track record is 13 wins zero losses over the past year. No one knows mean reversion better than me.
The regional banks are enjoying the tech wreck the most — with 3%+ gains in dozens of names. Candidly, this all feels too mechanized, not very spontaneous. This organized and orchestrated rotation does not feel main streetish. My best guess, Goldman is making a killing today, while Joe Blow is getting his brains shot out in his tech heavy margin account.
The house always wins. Get an edge.
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I was paper trading UCTT for the hell of it. I could have made one short this AM. Anyone going long on it? I’m watching it as we speak. Going to leg down to 22.00 by closing.
DAMN
Paper trading? Don’t you have better shit to do than play pretend? Are you going to play doctor next?
You busy later?
I’m only 15% cash I’m chasing some stuff in NASDAQ and NYSE. Feel better, fuckface?
Sorry, didn’t mean to hurt you feelings. On a positive note, you’re managed to impress frog.
Actually, I am impressed that derp would paper trade. People can learn a lot from paper trading. This makes me think he has more brains than I previously thought.
I thought frog was banned.
NASDAQ crash preempted by miraculous news conference – our President has killed Dracula!
BONE CRUSHING ROTATION IS UNDERWAY: TECH IS OUT, BANKS ARE IN , PLUNGE PROTECTION TEAM LEAVE OFFICE FOR FRIDAY AFTERNOON
/or summer holiday
/or just they needed to deroll some vix
that AMZN fat finger though
crazy action
Big oil got its freak on today as well.
You’d think gold would have caught a bid with the SPARTA KICK action going on
Finally somebody grew a brain. The Nasdaq 100 (or 10) for that matter is way out of control. It goes up every single day. Pump Amazon and Google to 1000 for the fun of it. Ok now back to reality.
Surely y’all will look at AAPL again on this pullback. What a gift.