Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Momentum Monday – Apple At All-Time Highs and Nasdaq 10,000 is Upon Us.

 

Momentum Monday – Apple At All-Time Highs and Nasdaq 10,000 is Upon Us.

Courtesy of Howard Lindzon

Happy Monday.

As always, Ivanhoff and I did our weekly ‘Momentum Monday’ and toured the world of stocks and markets to let you look over our shoulders and see how we are seeing things. Here is this weeks show.

I walk through some ideas and the rare asset inflation story that is the Nasdaq 100 and certain brands.

Other quick thoughts…

Let’s begin with a reminder that it is frothy out there. When I say frothy, I mean that even I am getting used to stocks making 50 percent moves in a week. It feels like we are getting a bubble inside a recession.

Robinhood traders are having fun betting on airlines and dunking on Warren Buffett…while the dunking is what the media is focused on the BIG picture is how easy it is with Robinhood to be a contrarian to Warren Buffett and Wall Street. From Robinhood to European neobank and brokerage products, people can express themselves even with $100 pounds as contrarian to Warren Buffett in real time.

All that said, I DO NOT think Robinhood traders are driving the market. From watching the price action I believe it is the sloppy government buying of stocks to get prices to where they want to keep the narrative.

Not getting much fanfare is Apple which closed at all-time highs. This has the bears in a tither. The bull case (my case) is Apple is now a bank on top of a technology, retail and fashion company with Apple pay and new payment plans for their products.

While social media pounds on Facebook, Equifax – the analog evil, creepy, mailbox stuffing, data selling, credit controlling empire, baby Facebook is back at all time highs. Facebook while not at all-time highs closed at a monthly all-time high in May. I doubt the government or social media will chase off the buy the dippers over the next 10 plus years.

By the way…the Nasdaq is inches (2 percent) from 10,000. I started my Nasdaq 10,000 countdown in 2014 and am not surprised we got here. I did not think we would get here so quick after March, but the lack of financial media attention as it approaches is rather startling.

Have a great week.

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For full disclosures, click here.  

As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!