The FAANGS and probably the whole stock market are set up for a possible crash the rest of this week. Using Tesla as the hook, the NASDAQ was squeezed to within 20 points of it’s high, while the NDX actually traded at a new intra day high. The rest of the major FAANG components release their earnings, today, Thurs. and Friday. Some may be OK, but others won’t and like Facebook, even doing a $50 billion share buyback won’t help them. They are toast and I look for a bloodbath.<\/p>\n","protected":false},"excerpt":{"rendered":"
The FAANGS and probably the whole stock market are set up for a possible crash the rest of this week. Using Tesla as the hook, the NASDAQ was squeezed to within 20 points of it’s high, while the NDX actually … Continue reading