/biz/ - Business & Finance

>>12341507
>something something macro trend (which is potentially plausible)
>something something debt crisis

The usual. Fact of the matter is both Nasdaq and S&P confirmed bull flags, broke short term resistance, and are likely to continue trending up for a while here until bad news, rebuff at key resistance, or overbought on daily RSI, whichever comes first. I slammed in an extra chunk of cash when I saw Nasdaq fail to set a meaningful low around close yesterday. Apple revising guidance to lower revenues for the quarter was the bears' chance to push in to lower low candles. Didn't happen. Bulls have control for now.

>>11143239

Significant bounce in the cards for tomorrow. There was sector wide overreaction to Tilray finally deciding it was time for the deep dive off the peak. That was clear by the buy volume running the price up off the low right up until market closed.

I'm not going to try to day trade Tilray tomorrow but I certainly will be doing some volatility surfing on others. Including on, apparently now obviously a literal trash company that isn't worth the price of the paper its business license is printed on, Australis Capital. People on plebbit and similar stock forums are out saying blah blah it's only worth the PP price from a couple months ago blah. Just watch.