"BTFDF" - Cathie Woods
Fundamentals:
1) You can't price in $1.9 Trillion dollars, I don't care what you do.
2) The people getting the $1400 (including college kids cause dependent adults qualify now) are the same people who form tops.
3) Tax deadline day is April 15th.
4) Clear value stock rotation.
Technicals:
1) Bounce off trend line drawn from the two daily lows of March 2020 and October 2020.
2) Trend line point is also convergence point with daily 50ma and 4hr 100ma.
3) From 1hr candles and lower; the RSI 30 oversold point has been beat repeatedly several times over these past weeks. Big funds do not sell bottoms, especially this over sold; this is retail paper hands getting shaken out by naive understanding of how bonds and business cycle works, especially the mis-understanding of how economic expansion stage begins.
4) Retail mania and frenzy has composed this market, a flat top does not represent a retail top for correction; blow off tops do.
One Trillion, Nine Hundred Billion bottles of beer on the wall; One Trillion, Nine Hundred Billion bottles of beer...
Take one down, and pass it around...
One Trillion, Eight Hundred Ninety Nine Billion, Nine Hundred Ninety Nine Million, Nine Hundred Ninety Nine Thousand, Nine Hundred and Ninety Nine bottles of beer on the wall.
Fundamentals:
1) You can't price in $1.9 Trillion dollars, I don't care what you do.
2) The people getting the $1400 (including college kids cause dependent adults qualify now) are the same people who form tops.
3) Tax deadline day is April 15th.
4) Clear value stock rotation.
Technicals:
1) Bounce off trend line drawn from the two daily lows of March 2020 and October 2020.
2) Trend line point is also convergence point with daily 50ma and 4hr 100ma.
3) From 1hr candles and lower; the RSI 30 oversold point has been beat repeatedly several times over these past weeks. Big funds do not sell bottoms, especially this over sold; this is retail paper hands getting shaken out by naive understanding of how bonds and business cycle works, especially the mis-understanding of how economic expansion stage begins.
4) Retail mania and frenzy has composed this market, a flat top does not represent a retail top for correction; blow off tops do.
One Trillion, Nine Hundred Billion bottles of beer on the wall; One Trillion, Nine Hundred Billion bottles of beer...
Take one down, and pass it around...
One Trillion, Eight Hundred Ninety Nine Billion, Nine Hundred Ninety Nine Million, Nine Hundred Ninety Nine Thousand, Nine Hundred and Ninety Nine bottles of beer on the wall.