Pre Market Opened Heavily on the Green Side
This must be a dead cat bounce. How long will it last?
Chinese equities dominate pre market after chinese markets had a solid rebound from 52-week lows. Bitcoin and Ethereum bounced back nicely overnight after a massive drop the day before so you can see a few crypto related ETFs climbing early this morning. Tech is on top of the leaderboard as well which is a stark change from the norm lately. Possibly wait for the top to short this dead cat bounce on tech? All of the major indices are somewhere in the top 15 in my ETF leaderboard so this is a good look for the broader equity market at least for the short term.Vanguard total stock market index is in the green in pre market as well. Energy is also going green after the very red day yesterday in the energy sector.
Chinese equities dominate pre market after chinese markets had a solid rebound from 52-week lows. Bitcoin and Ethereum bounced back nicely overnight after a massive drop the day before so you can see a few crypto related ETFs climbing early this morning. Tech is on top of the leaderboard as well which is a stark change from the norm lately. Possibly wait for the top to short this dead cat bounce on tech? All of the major indices are somewhere in the top 15 in my ETF leaderboard so this is a good look for the broader equity market at least for the short term.Vanguard total stock market index is in the green in pre market as well. Energy is also going green after the very red day yesterday in the energy sector.
Remember we are in a bear market right now. I don't think this is the bottom yet but we are very overextended to the downside so a green day here and there is normal. But since I’m no expert. I ask myself two questions. Is this the bottom? And how high will this dead cat bounce go? The first question doesn't make sense to me yet so im waiting for a short opportunity.
$SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $SPDR Dow Jones Industrial Average Trust(DIA.US$ $iShares Russell 2000 ETF(IWM.US$ $Tesla(TSLA.US$ $Crude Oil Futures Main(MAY3)(CLmain.US$ $VIX Index Futures Main(APR3)(VXmain.US$ $Apple(AAPL.US$ $Microsoft(MSFT.US$ $Amazon(AMZN.US$ $GameStop(GME.US$ $AMC Entertainment(AMC.US$ $Palantir(PLTR.US$ $Roblox(RBLX.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Intel(INTC.US$ $Alphabet-C(GOOG.US$ $Netflix(NFLX.US$ $Twitter (Delisted)(TWTR.US$
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MoneyOng : Today don’t hit 600 I happy liao.
SpyderCallOP 烈火站牛: I’ve seen TSLA make over 10% moves but it is not often. If there is a good day for TSLA to run up that high then it is a day like today when it has dropped so much. But I dont think we will get that high today. That is a solid resistance level though. Good analysis
Ooonly Youuu MoneyOng: I think u need to sell. Then price will go up.
SpyderCallOP Ooonly Youuu: i love it when that happens to me
solo invest : Bear traps are my favorite. Bull traps are boring
Always Hungryy : but what's the historical correlation of premarket and futures numbers translating to the same in intraday?
SpyderCallOP : Intraday doesnt always go like premarket. Especially in volatile times.
Always Hungryy SpyderCallOP: I got burnt once. Thinking premarket is the run-up. And then bam. It was Tesla. So yeah ouch. But eventually it recovered days later and then Immediately sold. Not into greed, so ended up with bruises but no blood.
SpyderCallOP Always Hungryy: I know how you feel. When tesla does not hit like you want it to then you can lose big. I’ve been there with tsla. But when it wins it wins big
SpyderCallOP solo invest: Lol
