I'm basing this off TA whether people like it or not. Its in a cluster range like all the Mag 7 are back in May-Jun. With this data report and BOJ - Everything is at critical level this week going into next week. SPY closing under its 18SMA
If there's good news. META breaks 655 and has a clear path to 673
Maybe you get dip buyers at 639. But the next leg down for any support is 635 then 620...
Agreed. I actually think there will be a correction quarter (at minimum). I have massive $330 and $320 puts on AVGO. I’ll be looking at NFLX calls for next leg up hopefully around spring break.
When a bull market comes to an end (during a correction like we are in right now), the previous market leaders usually lead the way with correction. The general market follows afterwards, typically after a few weeks to months. Coming out of such a correction, new market leaders will emerge and they are usually the ones that make their leg ups first, before the general market. So watch out for that. The list I gave are potential candidates but could be different stocks too
No. despite the doomer attitude of a bunch of poors on wsb. They're just naming stocks likely to be leaders in the next leg up. I'm skeptical of iren but the rest of these lead the entire sector.