I’m still having a hard time getting behind stocks as the Dow approaches 30,000, and the NASDAQ approaches 10,000. Today’s hybrid screen left behind a bunch of topish looking candles, and they even faded $TSLA as it traded near $600 this morning. Did you read what I just wrote? Yes, $TSLA almost hit $600. That’s where we are currently. Bet against stocks, lose your life.
The Chinese New Year is upon us, so get ready for more pandemic with the Coronavirus. I’ll be looking to buy dips in tickers like $LAKE, $NVAX, $APT, & $ICCC. As crazy as it sounds, I almost feel more comfortable buying names like $LAKE over $AAPL at a 1.5 trillion valuation. That is not sound financial advice, it just shows you how elevated I think we are.
Cash continues to be king. There will be hell to pay soon.If you enjoy the content at iBankCoin, please follow us on Twitter