who have thought in late march that the Nasdaq would reach such dizzy heights and probably record highest levels again before June 2020
I did write on a post somewhere here that was going to happen.
I actually got 1 like for it too!!!
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i do think there is going to maybe one or two days for the shorts though,’ maybe even tomorrow who knows, but over the last 3-4 weeks they been chewed up.i i put a post on here about IG displaying the percentage of clients who go short/long [for all it worth],Interestingly its been been roughly 64-70 short for a few weeks in the overall. At the moment its 70 will they be a big dip when we get into the other quarter s who knows .
Interesting - I just read small options traders are most long in ages - so yes we’re probably overdone on the upside for a time
But… we are in a long term secular bull market for AI and biotech.
The covid bottom was a screaming buy for the hedgies and mutual funds - plus with the Fed backstopping everything it only added to the go long thesis.
Finally everyone on here seemed to be bearish and I just love being the contrarian.
Just out of interest to do you trade IG index options at all? I’m thinking about giving it a crack .
lol money has to go somewhere ,it interesting just sitting back and observing the chart and seeing how quick the reversals are, frightening,as some of the tec companies flourished during the circumstances .Wonder now things are slowing changing what effect this will have
I think with all the algo trading thats going on sell offs are quicker and deeper but don’t last that long.
One point I forgot too mention before is this is an election year so the markets are often pumped to be at their highest for when that begins.
yes another “fun packed” year then