The NASDAQ is still the most overbought since the post-COVID crash rally at 86.34 on NAMO. These conditions rarely end well for buyers, who are starting to seem a bit exhausted. pic.twitter.com/FX67UpWXp5
— Markets & Mayhem (@Mayhem4Markets) January 15, 2023
Profitless "innovation" was destroyed last year. Not too much different than the dot com bust. The only question is whether the pain in that space is actually over yet… pic.twitter.com/zRIIo9q3oe
— Markets & Mayhem (@Mayhem4Markets) January 15, 2023
A reminder that Apple still has one of
the most expensive valuations in its history.EV to sales is currently 2x the level it was at the peak of tech bubble. pic.twitter.com/arK1HSnMYJ
— Otavio (Tavi) Costa (@TaviCosta) January 15, 2023
Keep a close eye on how the market reacts to $SPX 4000 as we head in to monthly opex. It could act as resistance, but if we break above it I would imagine a lot of buying will be released both due to options positioning and market technicals. pic.twitter.com/A8yRzlxT25
— Markets & Mayhem (@Mayhem4Markets) January 15, 2023