Thanksgiving week. Been some wild price action over the years this week, stay ready for anything.
Keeping an open mind is crucial. Couple things I have been noticing recently are the deadness and rotation out of the Mag 7. First hint is $Amazon (AMZN.US)$ giving back the entire move from the 200 breakout the second is $NVIDIA (NVDA.US)$ failing to continue post earnings. $Meta Platforms (META.US)$ just been chopping around below moving averages, MSFT in no mans land. What I have seen is strength in Small Caps and Sector Momentum in high growth spaces such as Nuclear Energy continuing, the plow into BTC post Trump(Elons BFF** $Tesla (TSLA.US)$ ) and now Quantum Computing making a run. This shouldn't come as a big surprise if you look at the $iShares Russell 2000 ETF (IWM.US)$ and things like $ARK Innovation ETF (ARKK.US)$ , its speculative money out there. Whether this trend of money flow out of megacaps into small-mid caps continues remains to be seen, it can, it can also be a signal of weakness to come. Just noticing that short traders have to be beyond frustrated here for the most part. I am not talking about intraday guys, im talking about the population that has been holding stocks short, it has been terrible for a year and a half and I honestly think a lot of people are afraid to short stocks here, I am not, though I do have my long-interest lists I am open to any scenario here albeit im not chasing just because things continue to rise.
What typically goes on a thanksgiving dinner? Roasted turkey? Mashed potatoes?
My friends and I have said we’d like to attempt our own this year (a friendsgiving) and wondering how to make it American.
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Digital Cat : Turkey
Gravy
Stuffing
Mashed Potatoes
Cranberry Sauce
A vegetable dish
A pie
Space Dust : gravy is the most important food group.