Don’t get salty, motherfuckers.
The purpose of Exodus is to gauge investor psyche and how they respond to levels of stress. Today, and not since 10/24, we were oversold on the 3 mo algo — the only algorithm that knows the present tape.
The results? Nothing less than staggering. Bottoming out action.
Markets are strong AF. I’m fine, 100% long, into the teeth of the beast.
Top picks: SOXL, SOXL, SOXL
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Tremendous setup for the Turkey God Rally
Wouldn’t it be better to hunker down in stodgy, but stable, old utilities like PCG or EIX and collect dividends until things smooth out?
PCG, EIX? California is about to extort those two into bankruptcy. How old are you? 50+ Why do you want dividends? And if you do, buy a diversified ETF dividend setup in an IRA and let it compound
Old enough to play the bailout rumors.
Nice call. Welcome to Commiefornia not lost yet. Pensions are the new scam of bankrupt bitch. Yeah sure.
You have to been born and raised in Cali to understand this horseshit. Those fucking fires are arson with a smidge of shitlib envirofascist fuckheads doing. The super rich areas never burn down on accident. Ever. Just look at a map of what has burned since the Orange.
Watch NVDA absolutely kill it again.
Good call.
NVIDIA
forecast
2018Q4 Sales $2.7B (forecast) +/- 2% vs $3.4B Estimate
2017Q4 Sales $2.9B
-15% AH, other tech stocks also falling
NVDA & AMAT just shat all over SOXL
SHAT should also be all caps
SHAT is the tongue taco truck. That is 4 million strong. They play fucking kick the can. When the world is changing go back in time to cave drawings and raping.
OH NVDA
Yeah, SOX is my #1 short. Weakest sector in tech.
“The prediction? Pain.” ~Clubber Lang, Rocky III
NFLX stock is weak. VoD should be realtively immune from an econmic downturn, and certainly immune from a cyclic chip downturn, yet it is down in afteramrket. The message: bye-bye high-beta.
The issue is the Same Old Story. Amatuer investors chase hot companies tat they’ve heard of and run up the PE, with “analysts” cheering them on. Then things get shaky, and real price discovery (ie, VIX > 15) takes over, separating the wheat from the chaff.
NVDA’s revenue is about the same as INTC’s **net income***, yet INTC’s market cap was only about 30% higher.