Thoughts on short term market direction
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HI Oli,
The last 3 days was a big reversal(gain) followed by a Dip, followed by a modest gain(yesterday).
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What direction might we expect on Monday given Trump's reversal of China tariffs for (some) tech products?
The obvious answer would be gains for tech stocks but I know it's not that simple...
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You’d expect the likes of Apple to get a good tick up …but like Monty Pythons Spanish Inquisition…expect the unexpected
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Trumps taken a wrecking ball to the US economy, people trust him even less than they did before, so I think it will be some time before things recover, no matter how good the companies are trust in america has been eroded.
What's the point of doing a deal with him, when he'll change his mind the next day, next month or next year.
Markets need stability, not constantly changing direction with an unpredictable president.
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Our main Pharma holding is Vertex. They have majority manufacturing presence in Boston, Massachusetts, where they use a cutting-edge continuous manufacturing facility for cystic fibrosis drugs like Trikafta. Their golden goose.
Other companies:
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Personal highlight but this morning it seems my Cobens stuff just climbed enough to surpass the previous ATH back on 20th Feb before the Nvidea wobble and SMCI fright and Trump doing his Trumpy Tariff things. I’ll still keep my head under the pillow for a while tho… just incase.. but that was nice to see.
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Great to hear Jim,
The King is at 171.50 in PM. Big day brewing
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@Adam-Kay said in Thoughts on short term market direction:
The King is at 171.50 in PM. Big day brewing
i have no idea what this means....
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Think it's that the Nvidia share price was at 171.50 in pre-market.
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Thanks Steve- Yes, PM means in pre-market trading. You have pre and post market trading for those that can't get enough. These are official, regulated markets albeit not on the respective official exchange. They are run by large broker dealers on the ATS-alternative trading system.
Main facilitators being:
Interactive Brokers
Charles Schwab
Fidelity Investments
E*TRADE (Morgan Stanley)
Webull
RobinhoodNB: Not to be confused with T212 or any other platform offering 24hr trading which is completely closed market where they offer you whatever price they think you will pay/sell at. In my opinion, to be avoided as the naive will not strike a good bargain!