FAANG Stocks Sell Off & EVERYONE Calls For A Market Crash

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Facebook down 5% today along with other faang stocks taking a big hit. Although the overall market is still above its 200 day moving average, everyone is calling for a stock market crash. This is controlled selling taking place which can result in more controlled selling. A crash may be too easy to navigate, however something that market participants are not prepared for is a prolonged bear market that slowly heads lower. Its time to be very tactical.

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[turbofanlover]

All that cash under my mattress is getting a bit restless. ;)

[mattinthehat]

Good analysis. Pretty much a textbook seasonal correction in progress - not to say that some news could break (as it could on any day. Ever.) and cause a black swan event. Debt ceiling drama will cause $VIX to stay elevated, but as soon as that (biggest current risk) is handled, and because Delta is waning, we are set to rally into the EOY. I love watching these videos a day late to see how the prognostications panned out. Good job!

[mnice]

Almost forgot, where is lumber to gold?

[drooyrich]

so go FANG stocks .. so goes the market .. btw .. they are incredibly and insanely over prices .. lots of money to be made with put options ..

[Cryptokat]

No Dollar today? Can we please have the Dollar?

[matthiasengh]

big players just aren't ready for the adjustment yet.. more money to print still

[teh_watcher]

Great analysis and commentary my friend, keep it up!

[ArkOmen]

Forceful selling is coming for sure. But I think there will be a bounce first...

[Yetified_Mayhem]

Love the vids! Imo, Maybe a bounce, then more downside..Darkpools indicate they will keep us in a pretty wide range for now.. Never listen to mainstream media, follow the price action and flow....Stay paytient and green!

[passantgardant]

This isn't like the last time at this level at all. Now we have lower lows and lower highs. This is a trend change. We are no longer in the bull.

[reggiezu]

Thank you mika, I added some twlo and some adobe shares to existing position, both are great companies younger intrinsic value at good buying level, adding 40% of planned position. Will see if I get more lucky and price drop further so I can add 30% 30% otherwise will just hold

[jamesblace]

As they are now talking about a bear trap, go short all in

[irekirzyk]

People don't realize that when trend shifts every indicator will lag and show you bounce and be oversold.

[CBUCK]

amazon dump facebook DUMP ampy calls lOL

[silverliner]

In your conclusion you gave the best advice. Never trade more than you are comfortable with. Trading should always be fun but taken seriously.

[sruler]

Yea this particular trip down - people were bearish to begin with. Last September and before the Covid crash everyone was bullish

[ttaylor]

Bought INX at the end of the day. Expect a bounce in the next few days.

[simontero]

11:30 Folks need to be clear on the differences between a "Crash" and a "Retracement"