/biz/ - Business & Finance

>>9997000
im spooked by tech rn
especially how far its diverged from the rest of the indexes. our market cant be JUST tech. thats not going to work out. itll get pumped because its the only thing yielding any real return, and then itll dotcom itself. but who knows how long itll go on for desu

but TSLA in particular looks like its ready to JUST a lot of redditors just for holding the stock (sans total retard options redditors). take a look at how its been trading these last few months. its been trading FAR beyond its usual trading range and it hasnt even touched the keltner channels in like a month. all because of the well timed squeezes on new press releases. but the reality is, TSLA does have serious problems. they cant keep losing record amounts of money each quarter (while sucking down govt subsidies like its nothing), call it a beat, and then carry on losing money while the stock continues to soar to 400 and beyond. especially not if tech shows any weakness.

TSLA is big enough to move the Qs on its own. so if TSLAs moving up, the nasdaq will look a lot perkier. but if TSLA is crashing, we can expect a lot of wind out of the Qs sails. this relationship obviously goes both ways as well. thus i think the nasdaq will look a little weak next week, and TSLA in particular looks like it could correct in a pretty major way