Tech driven market is in a bubble now? How much can it absorb before bursting?
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.
So the equity market is still defying all odds, continue to smash records after records in the start of October. Bulls are definitely in LaLaLand and laughing at their bears counterparts. However, majority of the main indices are made up of high capex spend, hyperscaler tech companies with humongous forward estimate ratios. So there is a saying: “Whatever that rise fast, will fall fast too.”
With that, I definitely will take this continuous bull run with a cautious approach, hunting down stocks near their support levels or resistance levels to increase my trade probability.[Serious]
@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
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- twizzy·10-06 22:22TOPIV still feels too chill for this setup. If this snaps, short put sellers get gamma slapped way faster than people think1Report