The stock market is overvalued

[IIowaFarmBoy]

I am curious. You are a technical trader. What is your analysis? The momentum is heading north, but an overall evaluation is telling me to short. As a technical guy, where are you seeing the primary levels of support and resistance?

Technicals are what you can save after the market responds and say...see that is what happened. You cant predict human behavior consistently.

 

[IIowaFarmBoy]

The market is a bit below full maturity.

Inflation and full employment changes things for now.

Somevl stocks have a while to go.

We are simlar to midle late 90s except AI hasnt gone full bloom yet which changes things like the internet and computers in the 90s.

You have a good shot at getting pounded by inflation right.now. Depression aint happening for awhile.

 

[HawkeyeHitman]

Everyone should own Crowdstrike.

 

[Jan Itor]

I know there has been recent good news on earnings and GDP and etcetra, but the S&P 500 in my opinion is way overvalued. The Fed has indicated more rate increases are in order. The effect of past increases is delayed. I see a recession happening in the next 6 months. The market has had its best half year in many years. Time to short the market. And I did in a big way today. Perhaps too early in the day, but we shall see. I may go broke or get rich(er). I make mistakes all the time. I took profits on TSLA in the 170s and it kept going up. It's all fun.

What are your views on the market?

This aged well.

 

[markfromj]

Follow me if you love to gamble with reckless abandon. Short S&P emini futures at 5368. Write some calls at 5375. Don’t stay in short for long though. Tom Lee says we are going to 5500 by months end.

Oh, well if Tom Lee said it, sign me up!

 

[Bank of Hawk]

decided to go 100% NVDA in my taxable brokerage account after their last earnings and up already 19% just on that trade. I feel like I’m on a long term heater at the casino. Can’t lose .

 

[markfromj]

decided to go 100% NVDA in my taxable brokerage account after their last earnings and up already 19% just on that trade. I feel like I’m on a long term heater at the casino. Can’t lose .

Sell! Sell!

 

[Funky Bunch]

Tom Lee says we are going to 5500 by months end.

Opened at 5499.99 lol. Only took 15 says. Guess he'll get another CNBC appearance today.

 

[Funky Bunch]

decided to go 100% NVDA in my taxable brokerage account after their last earnings and up already 19% just on that trade. I feel like I’m on a long term heater at the casino. Can’t lose .

this thread continues to deliver

 

[Bank of Hawk]

this thread continues to deliver

lol , I did shave 25% off my position last week.

 

[TC Nole OX]

 

[kwik44]

Bought 20k in uranium etf this week. Good times.

 

[bunsen82]

Bought 20k in uranium etf this week. Good times.

Is the reasoning in your mind for war purposes or due to increase nuclear energy prospects?

 

[kwik44]

Is the reasoning in your mind for war purposes or due to increase nuclear energy prospects?

More-so energy prospects, with a bit of lean on war, but not for the obvious reasons. Sanctions on Russia have been helping with the gains this year. Supply is low.

The long term growth & dividend are what is appealing to me.