The current tech rally’s fate rests on Nvidia’s earnings, with a cautionary reminder of the overlooked lessons from Thanksgiving 2021. Despite substantial Black Friday sales, the only mega-cap breaking out to new all-time highs suggests a potential meltdown on the horizon. Bulls are urged to proceed with caution amid signs pointing to an inevitable market downturn. The warning signs include a market cheering fading inflation, raising concerns of deflation and a recession, particularly evident in the slowdown indicated by oil prices.
This Tech rally now hinges on Nvidia earnings, after the close tomorrow. pic.twitter.com/nFclqoEQj6
— Mac10 (@SuburbanDrone) November 20, 2023
Bulls, it appears you've forgotten Thanksgiving 2021.
There were big sales on Black Friday.
In your trading account. pic.twitter.com/w3axqyJJgB
— Mac10 (@SuburbanDrone) November 20, 2023
Bulls, on the left is how to do a proper end of year pump and dump.
On the right is how to do an end of year explosion. pic.twitter.com/YK7yGIf7MY
— Mac10 (@SuburbanDrone) November 20, 2023
2023: pic.twitter.com/OK31BcW0Mt
— Mac10 (@SuburbanDrone) November 19, 2023
Going to be an interesting week of earnings reports, especially with Nvidia on Tuesday after close. pic.twitter.com/ovTV52F5c3
— Financelot (@FinanceLancelot) November 19, 2023
What could possibly go wrong …. pic.twitter.com/mbI7D7mUWU
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 20, 2023
Only one Mega cap is breaking out to new all time highs.
Meltdown is inevitable.
Bulls, don't ask me when is inevitable. Your broker will inform you. pic.twitter.com/kB6r2PNbAF
— Mac10 (@SuburbanDrone) November 20, 2023
This was the largest 3 week gain for Tech since the pandemic lows.
And the largest 3 week gain to a new all time high since March 2000.
Any questions? pic.twitter.com/QFBPJY40zl
— Mac10 (@SuburbanDrone) November 18, 2023
You tried this already. It doesn't work. pic.twitter.com/26HyHb7kkw
— Mac10 (@SuburbanDrone) November 20, 2023
https://twitter.com/FinanceLancelot/status/1697744895048561122
The 2008 oil collapse that "No one saw coming" 🤫 https://t.co/WuEnEUXEOG pic.twitter.com/2lo2sKHQeg
— Financelot (@FinanceLancelot) October 27, 2023
I’ve been warning about this
The Market is cheering the fact inflation is fading. The problem is we risk deflation and a recession if prices keep dropping
Oil is warning you now things are slowing. pic.twitter.com/xaxuN6KkJ5
— QE Infinity (@StealthQE4) November 18, 2023