Stuart Spencer

This semi pump is relentless.

Semi’s are ruining the market basically after earnings NVDA didn’t move for over a month when semi’s start to look exhausted NVDA comes alive. NVDA slows down AVGO goes nuts upside, then INTC starts rallying out of nowhere. Each semi company takes turns propping up the market. Feels like the Government doesn’t want the markets to fall on election year.

If you average down it keeps going lower. Interest rates are high, Consumer credit all time highs. Retail is dead, housing dead, 2 active wars, Possible invasion of Taiwan, North Korea South Korea tensions. All kinds of hot spots all over. High CPI market goes up low CPI market goes up. Record homelessness, open borders, no budget. I guess the everything is perfect we are at all time highs. It doesn’t feel like the market should be melting up since October. I guess if someone drops a nuke we will go parabolic to the upside.

Can’t even get one down day. WTF

Just Buy nothing makes this market go down!

Once the market does reverse it’s gonna be a long haul to the downside possibly the rest of the year. Like a slow grind lower and lower. That’s why the big push upwards with no real consolidation it’s the last gasp up.

Snowball affect algos start the ball rolling as soon as as buyers step in algos stop buying. Stock moves up once it starts dropping algos kick back in buying until buyers come in then algos stop again. If you notice certain times of the day like right at 11:00 am algos kick in. Last 2 years the firms using these algos have gone through the roof. Markets are dominated by computer price action.

If all of this going to the moon attitude doesn’t make you nervous hold on for the crash

$12 plus a share and you have a double from here. Double your money in a month or so.

This is algo trading trying to get your shares. Huge reversal coming