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Last night I was feeling very left behind since the QQQs were plunging, and I was sitting around with IWM puts, and the small caps were just sitting there like an oil painting. Well, I’m pleased to be “left out” tonight, because tech stocks are going insane. I mean, look, I don’t even know what to SAY about a chart that looks like Alphabet’s (GOOGL) except, gosh , that sure is going up a lot. It’s basically unchartable.
A more manageable chart is Microsoft (MSFT), which, yes, is up, but at least the chart still looks fundamentally busted and prone to crumbling in due time.
The odd thing is that Intel (INTC) has been absolutely clobbered until today, and then after hours, it’s getting clobbered even more. Sadly, this is not helping my SMH position, since I guess SMH is catching some of the heat from the techgasm. Oh, well.
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