tsptalk's Market Talk

[amoeba]

Bottom fell out after Burry's X posts reconfirming his AI bubble bust expectation.

Sent from my moto g 5G (2022) using Tapatalk

 

[TommyIV]

Did Nvidia just save the AI trade? That's the hope this morning, after weeks of talk of a bubble and even a crash coming to the stock market.

Now it is still early and this could fail. The gap left behind at the open is large and there will be some gravity trying to pull it down to fill it, but right now this morning's 2% gain puts the index back above the 50 and 30 day averages and, surprisingly, right back in the rising trading channel. so holding this morning's gains is crucial.

From an enthusiastic morning to a sinking ship. The S&P 500 held a morning gain of 1.4% around the time of your post. It now holds a 0.6% loss ten minutes after the IFT deadline and is back below its 50-day EMA.

 

[tsptalk]

 

[tsptalk]

Capitulation? The close is everything.

 

[coolhand]

Capitulation? The close is everything.

NAAIM is still fairly bullish, so we may very see that capitulation. I gotta find some popcorn.

 

[Boghie]

Wish I had more in G/F.

A speculation bubble my be bursting, but the economy is starting to roll. So, all is good.

Then again, this downward move happened too late to take advantage of. We shall see what happens at 1500 EST.

 

[tsptalk]

Wash. Rinse. Repeat...

https://twitter.com/x/status/1988983803604529414

 

[JTH]

Wash. Rinse. Repeat...

https://twitter.com/x/status/1988983803604529414

This will be the 4th Down Thursday in a row.

About a -5.32% loss over these last 4.