DID YOU BUY THE DIP? Rotation From Nasdaq into Russell Continues...
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- Опубликовано: 6 сен 2024
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Jason Shapiro discusses today's #stockmarket action as an early rally failed and the #nasdaq and S&P500 closed lower while the #russell continued to show strength and proof that traders are rotating into small caps expecting the rate cut in September. Patient is key here and trying to catch the bottom will not end well.
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Sage advice. Buying individual stocks is just a casino. However, I love a casino!
🤞😂😂😂
Market dip, I buy. Dip again, buy again. Dip once more, buy. what good is my dry powder if I don't use it to buy discounted shares from fearful panic sellers.
So basically tech is correcting, which is why diversification is key. My portfolio's up ~$481k YTD. Oil and large cap dividend payers did fine today.
I am so upset. Sat on the sidelines all through 2023, and just got up the confidence to get back in a few weeks ago. Not happy☹
We were due for a correction. Very healthy dip. This is when the money is made!!!
These daily videos are awesome
They really are
I like them too.
Phenomenal, you learn faster with live examples
Whoever thinks this market will continue upwards and beyond has their head in their rear. There is a correction coming since the Russell and the Dow are showing signs of weakness. Depending on the correction may determine if the market rallies once more in the summer for a final blow off top and slightly newer high. After that, watch out. Cycle Analysis predicts a hard drop in the late summer early Fall. Also, we are now 190% Market Cap to GDP ratio. That is very extreme......currently I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Francine Duguay program is widely available online.
I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.
I scalped the little rally, not holding anything in this current market. Get in get out is my motto right now.
SO happy your back !! You the man!
Learning so much here, thanks Jason
I am actually enjoying this market. I am not making money on it, but it is fun. As an intellectual exercise watching it is amazing.
Better than any movie
The oct 2022 v-shaped low actually happened early in the day (at the opening)
Russell rally is a trap, IMO....and big tech buybacks will restart again here soon. Classic Wall Street just toying with us.
YES... exactly. A huge trap.
Agree 100%. As soon as buybacks re-commence and megas start reporting, everyone is likely to rush back into Qs. So funny too, cuz everyone was waiting for a dip, and now they’re getting one and buying the IWM instead of scaling into positions.
@@indianajones3315 i was really hoping that the market would rally even higher so I could build my massive short position even more at even better prices, but I might not get that now. Which is okay. I have a crap ton of shorts already. My buy to cover will be when the VIX spikes above 80. That might be years from now. Then i will cover and go long all the stuff I want but at much cheaper prices. Of course I will let price and how it acts tell me what and where exactly I do that. I don't hypothisis about most things.. except maybe MACRO ... I think the USA is in real trouble folks just haven't figured it out yet.... but they will and when they realize it they will have lost at least 50%... I think everything said and done we get an 86% crash. That will be the buy event not now...not at these bubble prices. Now is the time to be taking profits and if you don't know how to short properly just wait. Yes you might miss another 10 percent up... but better to miss that then lose 50%. Of course most are not going to do this. They are already FOMO iing .... like crazy. You can see it in the stocks that have gone nearly vertical. Things that go up fast are the one that come down the hardest. What I worry about most is someone who has worked their whole life and is close to or in retirement and they lose half of that. That event is going to make me a lot of money but I know while my bank account is getting bigger there are a lot of folks that just lost their house, their car, and might even have to go back to work. Going back to work at anything older than 65 is a travesty. Folks who are long and have bought into not timing the market but time in the market, and don't use stop loss orders are at real risk.
what do you mean by vacuum?
Markets hate a vacuum means:
If one thing leaves (air leaving creates a vacuum) something must replace it. It means markets hate “nothing happening.” When money leaves one place (tech, for example) it needs to go somewhere else (the Russell 2000 small cap stocks).
But money and markets hate to stand still because they are made of people who, right or wrong, need to take some action to “move the market” and they make sure there is no vacuum.
Sometimes doing nothing is best. Jason said being patient is something he likes to do when there is no clear opportunity.
The best traders have a lot of discipline.
What do you mean by there will be a vacuum in Nasdaq once the rotation is done?
One thing can happen, people waiting for tech rebound, they don't want Chase Russell. Or both indexes rally, there would be problem when market started to form a top. I don't know this gonna happen. beginning of the year , people don't chase tech , and bid into Russell now is opposite
I think the rotating into the Russell trade... is going to be known as the biggest rug pull in history.
I think what he means is when the Nasdaq sells out…and lots of money has left the tech stocks - it will be like everything got sucked out.
And I think he meant that eventually - it could be a while, a day, a week, a month, two months, maybe longer - but tech will come back into favor eventually.
For me the key was the point that the market is not going to give you a gift. There is no pause where the market says: THIS IS THE BOTTOM.
Also, my other favorite part was him saying that EVERYBODY is trying to pick the bottom. We are all trying to get in there and it’s very, very hard to do.
That observation is both simple and powerful.
This is a superb video and an excellent channel.
Vacuum like a drain vacuum like sucking it up or vacuum like in space where it just floats around lol
excellent advice
Thanks Jason
love your look and wisdom Jason. Thanks for your message and insights.
Jason, quick question if I may. When interest rates get cut will this not make the market go up? More companies can afford to borrow money for their businesses and by lowering interest rates the Fed is adding liquidity into the market place?
depends what the market already discounted in beforehand.
What a great day to stay away from the trading screen 🙌
So true: markets bottom on bad news.
Brilliant, patience is the key, NASDAQ has to lead...
Wise words, Jason, Thank you
Big funds aren’t allowed to buy small caps, they have market cap restrictions in their prospectuses
Hi! What did you mean by vacuum in the NASDAQ? 🙏
My interpretation when no body left to sell, it will suck everyone in at once.
I think he means that when lots of people sell Nvidia, Apple, Microsoft, Meta, Amazon, Google, etc., they will seem unpopular and cheap.
This is when they will be “unloved” and people will be focused on the next hot thing.
But then, like a vacuum cleaner turned on, these TECH stocks will suddenly seem EXCITING again and investors will start buying back in.
So, markets hate the vacuum of everyone leaving (emptiness = vacuum) and they will fill it again.
I hope this analogy helps! 😊
Interesting times
as always 🐐
Make sense? Try daytraders running the market up then crashing it.
I think 401k and IRAs mean a stead stream of money into the market and the managers need to buy something. I don't think the small caps are good right here. What happens when they call a recession ... most likely all ready in one ... and the 10 year yield goes up not down? I estimate at least half of the Russell 2k companies are zombies. How are they going to stay afloat if their revenue is declining and the cost to borrow is going up not down? Say they just refi at a 2 year when it gets slammed back to zero.. which it will that only keeps them alive for so long... its not just the Federal Reserve trying to thread the needle... lot of folks are. I think that is possible but highly improbable.
Dagwood.
M2 went up. GDP was up. Small corrections are normal
This may be what Jason meant by a vacuum
no trade
YES I DID! And im gonna buy everyone of them for the next few weeks! Don't miss out!!!
Jason. - we hear you may be Kamala's VP pick...
the NASDAQ Vacuum!
I always look forward to seeing your salty old mug railing about the market
Watch the leveraged ETFs
Which ones.. the shorts or the longs?
Guys, a novice here, what does it mean to "keep watching the tape" ?
observe how the market is trading without bias
@@Jay-jd1bi thanks boss
@@Jay-jd1bi I thought is that you watch candle and how price action moves
A stock market tape, also known as ticker tape, is a visual representation of stock trade info….it can be a physical ribbon of paper (in the old days) or an electronic display.
The “tape” provides investors with real-time information about price movements and market conditions. When Jason says “watching the tape” he’s using trader lingo that’s been around for many years from before people used computer screens.
20 years from now if you tell people you spent hours using “THINK OR SWIM” they won’t know what you’re talking about 😂
It all comes from the fact that before electronic trading, stock trade information was printed on paper “tape” and watching the tape” meant “watching the market.”
People are freaking out now, first time I heard people , let get out of nvida positions.
No music today 😂😂😂
I gathered my shekels...just kidding I'm up long
Don't buy Nasdaq this Friday. If doesn't rebound or it's a weak bounce, it will likely proceed much lower for the next month. If it does rebound it can be just a bull trap, because there is absolutely no strength demonstrated.
I was day trading both yesterday and today. I could feel and see the fear in big bearish candles at key areas. The close today on the NASDAQ was picture perfect... 1220 to 1235 reversal up until it hits a trader pivot and then reverses into the close. This trade alone ... but you have to be very skillful can make someone a lot of money. You can't trade with indicators for it to work... pure price action.. there are very few people with this skill set. It works because you are just jumping on the coat tails of big money. The openening using price action is money too.
Buybacks start again on Monday. You honestly think AAPL, NVDA, etc aren’t gonna be buying back their stock?
@@indianajones3315 it makes no difference whether they will or will not buy back their stock, buybacks have no fundamental effect on stock price, it's all in the head of financially ignorant people
@@bpb5541 This is what nasdaq does bro, its correction is deeper because it's the most volatile asset, this is not a bear market (yet), dow jones just broke out its consolidation, btc is about to do the same, with a very nice bullish momentum, we saw the same thing last year btw.. nasdaq and spy in a deep pullback and btc was taking off, and I was like "this sh*t will catch up, no way!" lo and behold, a few days later both indices started to rally aggressively. all those markets are synchronized but not to the T, that's why there's delays between them, it's normal, a two-three weeks delay for one to catch up to the other. They can still drop further to test the daily 200 M.A but if dow and btc remain bullish guess what? Sooner or later SPY and nasdaq will follow. If dow and btc start to crash then yeah.. This might be a top and the beginning of a major correction
People getting suckered in and the bigs dump on retail on every rebound and bounce😂
Ponzi