Posted on 08/23/2023 2:00:30 PM PDT by 1of10
Did anyone notice the DAX rise and fall overnight?
And the the 100pt jump in NDX 10 minutes after close.
Does anyone think that looks like a real market?
What in the sam hill is going on?
The DAX is ...sort of ... the gas peddle and the brake for the market.
It looked like the DAX had been run up over night to give them a little gas peddle for the open. At open they hit the gas and started dropping the dollar, which gave the market room to move up. They had pretty much gave there all by 11:00 and the market flattened out.
The DAX ranged around 103.35 to 103.40 ... where it should have been without the big overnight run.
NDX closed around 15152 ... 10 minutes into after hours NDX flashed over 150 pts instantly ... no warning ... just slam ... there it was BIG instant change.
Can anyone explain that to me? .... and still running up?
Brics? Jackson hole? ??????????????????
And this is why you don’t buy or sell on market moves. Many of them aren’t real and you are too late for all of them. If you buy or sell into them you are doing exactly what the big boys are counting on you do do... behave stupidly so they can profit from it.
High frequency trading guided by computers. If someone has their stop limits misplaced they will wake up with their stocks sold or bought at unfavorable prices.
There are things happening that the MSM is not really reporting.
As Nobody Special Finance says...there’s a lot of hopium going around. https://www.youtube.com/@NobodySpecialFinance
It’s NVDA (Nvidia), which reported blowout earnings due to insane AI demand.
Xi Jinping a No Show at BRICS
NVIDIA blew out their earnings. They were up 9% almost right after they announced. That’s going to drive the NASDAQ.
That was a little “goose”!
“buy or sell on market moves”
There is an ebb and flow to the markets...
a dance, a pull an tug ... a push and pull ...
The trick is tune your self to the music.
But I’ve been doing this for a long time ...
I’ve danced to a lot of different tunes played by a lot of different fiddles....
but...
I have never heard a tune like this.. this looks more like a
“disturbance” in the force.
Shaping up to be a GREAT Geopolitics week.
BRICS. Traders are reacting.
“fairy dust”
Awww crap ..... fairy dust?
Those giblits seem to get everything screwy.
... There was sure some thing “magic” about the last 24 hours .. that’s for sure.
“ Xi Jinping a No Show at BRICS”
**************************************
Right. He went to South Africa on a tourist visa to go on a Jeep Safari.
“Blue Horseshoe loves Anacott Steel.”
Putin didn’t show either... FYI
China’s Xi unexpectedly skipped a key BRICS event. No one is saying why
You are exactly right.
The S&P is up 15% so far this year. NDX is on a tear and has double the return of the S&P but can also be more volatile at times.
Spread your savings around in the various asset classes and leave it alone for decades and it will do all the work while you live your life. Of course there will be crashes and the like but that is what comes with investing.
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