Another up day, yet all of the high growth names are diverging again. They’re off their lows and people are buying them again; but you can’t trust a stock that opens down 8% on no news and expect to make money in it. The earnings are coming in better than expected, and selling off for it.
Edgeless market. Downdraft is coming.
But I think May can be constructive, even though seasonality is working against us. In 2012, the NASDAQ dropped 7% in May.
Back in 2000, at the beginning of the dot com rollover, the NASDAQ dropped by more than 25% from April through May. It bounced 12% in June, dropped another 4% in July, then peaked out +13% in August before falling in earnest. If these new tech stocks are going to follow a similar pattern, they will rally hard in May, base out in June, rally again in July, then collapse in August.
Don’t play the earnings. There’s too much reality in that trade. Buy the fantasy, the cow eyed hype and great expectations, the narrative set by stupid brokerage firm analysts, then sell into it.
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First !!
You should be. You are the greatest trader of all-time
Indeud.
I am long like a beast…SPXL
FLY, emerging markets, watch em, EDC from here is your vehicle of choice.
Riding CVS and JAZZ through earnings.
I like JAZZ
Excellent choice in music Fly. More electronic music.
YELP beat and raised outlook, so naturally it’s getting hammered in AH
New avi is super fly
Great pic. You know Cocosa?
Wait for the bottom and the base and the confirmation. 5 day Qs on OS makes sense here. May see some counter rotation attempts as the Dow hits highs despite grandma Yellen
YELP #’s out.
yelp just yelped all of the shorts … like a Russian tank
long QQQ calls as of today. if it can break and hold above $88.43 (then 89.68) that is bullish. it already put in a higher low on 4/28. IBB also put in a higher low on 4/28. if it can break and hold $235.48 and $245.42 then very bullish for QQQ.
You are lying like every other poster here.
When AAPL reported I said it was silly for it to go and hit 600 again.But it did, hitting 599 today. I have said since 2010, we need AAPL to roll. IMHO 600 is IT for AAPL, nothing above that it in my Fibo world. It topped. Now maybe I can have my massive sell off. Funny, it looks like my 1755ish is going to be the neck in a H and S pattern.
I’m a fib guy too. QQQ retraced 61.8 of recent correction on 4/24 and put in a higher low on 4/28. correction will be over if we put in a higher high.
AAPL is going to go to all time highs.
Ish.. Ish.. ish.. you have been wrong ish… for so long ish.. it make you worthless.. ish..
Hey.. put an “s” in front of your “ish” and you almost get “shit” basically what your calls have been for many years ish.
Here is an idea.. put a noose around your neck.. stoopid piece of shit ish!
YELP now above $60 AH. bullish for QQQ
not a part of qqq
doesn’t matter, its still high growth tech. bullish tech names in QQQ
*bullish for*
good luck with that theory
Great video.
+1
True detective is just terrible
You’re an idiot. Awesome show
No, you’re an idiot, terrible show.
QED
What?!
Wrong!
How fucking retarded are we all supposed to be? There must be a manual out there.
good song man
great music
long PBA and HCLP
Retarded market where only old man stocks doing well. Sitting this one out for now.
….not that there’s anything wrong with making money in old man stocks…it’s just boring, like watching paint dry.
It is more retarded than that. The problem with a bipolar tape is that it is bipolar.
Long yelp after hours and loving it
your lying.. like everyone else on this site
Old school track, nice to see that your music interests are diversified.
cool tunes and vid you may like Chromatics tick of the clock…
IMF loans billions of Western tax payers $$ to pay Russia for natural gas .. Gasprom is pretty much Putin’s baby lmao what a bunch of morons playing politics…. interesting world we live in
I am playing Hoppertunity to win the Derby. I will play exacta boxes with the fave California Chrome and longshot Medal Count.
fuck you and the horse you rode in on.. fly died like a pleb
My 14 year old son beat the fly by 14 percent so far this year! Keep suckin his dick!!
Hears an idea… whenever the fly sees a post with a female name.. he tries to suck their pussy.. believing that the poster is really a female.. guess what.. he is sucking dick.. much like his picks this year..lol
fly never gets retweeted on twtr.. they all think he is toxic junk… he even went begging up to Cramers joint when he got the shit scared out of him last week .. looking for Cramer to bless him some how..
Now he is Cramers lap dog.. Hey.. dogs die in the gutter..
The fuck is this guys problem ^
Sir, you live a very sad, sad life. I wish you the worst, and I hope that everything bad in the world happens to you, and only you. Good for your son, he’s probably smarter than you. Maybe he will even turn out ok despite having a horrible father.
Oh, I think he’s (perhaps a she) super-cool! Best part of this blog.
It’s amazing that in this day and age when you can be anything you want to be on the internets– so many choose to be idiots.
LOL @ THE MENTALLY ILL.
Fuck you crazy types. I hope you get shoved into an asylum.
Anyone reading this guy knows, without a shadow of a doubt, he is in desperate need of psychiatric care.
Well birdbrain, you seem to have real issues that might require a stay in the state hospital. Get well soon.
nice numbers from PFPT, see if it gives back it’s AH gains tomorrow…
what do you guys think of CAJ, PC, SNE here? looking at some bigger caps in Japan.
WETF is an interesting play on Japan down here, owner of the ETF DXJ.
Every day is a day of trying to figure it out.
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… it takes a “Beautiful Mind” to trade this “Market” !
Or else, a “High Freq Trading Algorithm” !!!
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The “Stock Market” … has become a FUCKIN’ JOKE !!!
It is a rigged, corrupt, manipulated SCAM !!! IMO
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A COMPLETE FUCKIN’ SCAM !!! IMO
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… just BUY 10 Shares of BRK/A … go have a DOZEN Gin and Tonics … STFU !!!
Do a “Rip Van Winkle” …
SLEEP for 25 years …
Wake Up Rich !!!
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Seriously !!!!
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What happened Alf. You seem a little down today.
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… well, I DID git stung by a wasp today !!!
Right on my right index finger !
I smashed that lil bastard with a vengeance !!!
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Beyond that … THIS MARKET CAN KISS MY ASS !!!
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You see that golfer last week ? He had to jump in the lake to escape a swarm of hornets. Mother f ‘ers damn near took him out !
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… I guess I was lucky in that it was just a “lone stranger” !!!
That lil SOB nailed me good though !!!
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