Nasdaq breaks 20k!
Now short, we will see.
Small posi with fairly tight stop.
It has a chance to go up further. After sometime When a stock or an index hit some price barriers they tend to go up further. Difiintely,they will fall and history will repeat. At some point AI bubble will burst along with semi-conductors. I want to buy tech stocks in fire sales as they are way too expensive.
Last edited by Valuegrowth; 21-06-2024 at 05:27 AM.
NZ bank’s trading in government bonds sparked FMA complaint over market manipulation
Brilliant - the mostlly toothless old mutt gets sent in to sniff around some steam arising off a pile of Govt Bond mutters & whispers
Will it be a peppercorn token, the Court & Legal Costs & a 'Be a Good Bank' card issued .. assuming .. when finally they find a trolley with all wheels intact to push it into a Court in distant future ?
Wonder how much other digging and shuffling went on around the acres of Robbo's other growing pile
of Govt IOU's thrown out to fill his widening gap ?
Crikes,this rebalancing will be interesting ! TIMBER?
"Micron (MU), Qualcomm (QCOM), KLA Corp (KLAC), and Lam Research (LRCX) also closed at all-time highs on Tuesday, catapulting the broader S&P 500 Tech Index to its own record and bumping up its year-to-date return to an enviable 31%.
But the closest investable match — the Technology Select Sector SPDR Fund (XLK) — is underperforming its tech sector benchmark by over 10 percentage points this year."
"After the close Friday, the XLK ETF will be rebalanced to drop Apple's 22% share down to 4.5% and increase Nvidia's 5.9% share up to 21.1%, based on Bloomberg estimates."
Reply With Quote
Originally Posted by Daytr
Bookmarks