Alright so we are not doing the regular podcast audio, this is just a quick note for the subscribers. Yesterday we saw a mixed day but all in all with the earnings out of the tech giants behind us now, well its quite obvious that the AI mania is still in full force. Something we want our readers to know and know explicitly is that FOMO like this, let’s just say, the moves can run a lot higher than many suspect.
This is not something you want to fade.
As you guys know we watch the longer term time frames and both the daily and the weekly point to continued strength.
We do not believe you fade inflationary nominal price moves, we do not think you look for fundamental excuses to fade them either.
This obviously has the making of 1999esqe FOMO and you will get run over trying to fade. As if the ARM earnings yesterday followed by the 60% jump in its price isn’t enough to solidify the fact that the markets are anything but rational!
With that said, the Nasdaq is pushing up against the 18000 …
