Investing General Discussion

Between the different accounts I manage, plus watchlists, I have a shitload of symbols on my board covering just about all the sectors. Out of more than 50 symbols I see one in green. It is an ocean of red this morning. No safe havens.

Here is the FTEC chart for 2021, which gives a solid look at pure Tech, not Tech plus Comm (GOOG, FB etc). $104.35 is support and then its air down to the 200-DMA at $101. Except for the couple of runs up, we have been trading in the $108 - $103 range. With earnings behind us, unless there is some external driver I could see us trading sideways in this range for the summer.




edit: Same chart with QQQ overlay

Fuck me, ETH under 2500

Edaw said:

Fuck me, ETH under 2500

View attachment 354559

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Escalator on the way up, elevator on the way down.

TSLA trading at $550 pre-market. There is literally nothing but air between $550 and $425 if it cant hold $550. That BTC investment is now working against it with BTC plunging.

Gravel said:

I'm not posting in the crypto thread anymore because it just turns into a shit show, but this is why I don't consider these an "investment." There's nothing backing any of these up except speculation. What's the bottom for Ethereum? Is it $2k? $1k? $25? Could it evaporate tomorrow?

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I view it the way I view art. It does have a value, but it cant be quantified. Its whatever someone is wiling to pay for it at any given point in time.

I'm gonna hit up a nice place for breakfast and sit this day out. I'll watch the crypto markets and chortle away. Meanwhile, I'm sure my investments in stocks wont do that bad. It can't be that bad and I definitely wont look until its all over.

Tech bouncing off of support. Lets see if it can sustain the bounce.

These are the days you look for quality on sale.

Dip buyers already getting tired.

CRM somehow staying green through all this shit.

CVX dividend yield over 5%. God damn its tempting.

Not noticing anything on ATP