Now Reading
Tech Domination
0

Tech Domination

Tech Domination

by The MoleNovember 17, 2021

Cognitive dissonance seems to have evolved from a temporary phenomenon to a national pastime. Volatility continues to be pumped in the back months while the SPX is wiggling its way from one all time high to the next. If the equities market is starting to look like one giant bubble to you then you’re surely not alone.

However the difference of being right and succeeding in the market is a tough lesson Mike Burry unfortunately had to learn the hard way earlier this week.

Not sure if you ever read or watched the Big Short but Mike actually got lucky last time around in 2008 solely due to the fact that common sense and MVA were still a thing back then. These days all that counts is what the FOMC and TSLA are doing.

In the end of course price is the almighty and common denominator and anyone standing in its way is bound to get stomped on. With the SPX once again pushing toward its prior ATHs I decided to lift its skirt and take a good look at what’s getting everyone all hot and bothered.

It’s not finance that’s for sure which hasn’t done jack for several weeks now.

Clearly the rotational game has us back in big tech as shown here via my monsters of tech synthetic index.

However if one adds TSLA the current advance is losing a lot of its luster.

Which is somewhat concerning given that TSLA stands at #4 when it comes to SP100 market cap.

So let’s talk about that…

evil_separator

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator