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If @onetricky's post is correct about a revision to the...

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Ewebute

6,379 Posts.

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19/08/24

12:18

Post #: 75267609
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Originally posted by YMCA: ↑

My novice view for what it is worth is shorting NDX is a very risky bet right at this minute as I see NVDA, which has essentially been carrying the index, being further pumped into earnings release which will drag other tech stocks and the index. I'm expecting an earnings beat as the likes MSFT & META hand over billions even though AI binge spending by tech companies isn't translating to more profits at least at the moment. Seasonality wise August is a good month for US indices. I think the conditions for a short will be better in September with certain economic data releases as per below. Having said that I'd listen to what ewebute, baron1, professorben and other seasoned vets have to say!

https://tradingeconomics.com/calendar

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If @onetricky's post is correct about a revision to the Employment data is correct, then it is economic WW3. Total implosion of the markets. That would mean stocks like NVDA will just plummet and I wouldn't like to be long on most things. There might be areas of divergence, but I would wait to see what happened a few days after the smoke clears

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