Friday, April 4, 2025 - Markets got absolutely hammered today, with the S&P down nearly 5%, and names like Palantir, Tesla, Nvidia, and the MAGS ETF seeing even sharper losses. This is classic bear market behavior—short squeezes get sold into, bounces fail, and rallies are traps. We're now below declining 5-, 20-, 50-, and 200-day moving averages, which confirms the trend is lower.
I said earlier in the week: don't trust bounces in downtrends. If you shorted based on price action this afternoon—after the buyers lost control—it was a clean trade. But the bigger message is this: these are not dips, they’re trend continuations. Most individual stocks look broken. Qualcomm got crushed, energy was obliterated, and even relative strength names like Abbott and Yum are starting to wobble.
If you're trying to swing trade this market, it's dangerous. If you're trading intraday, wait for clean setups, use tight stops, and stay nimble. Missed opportunity > lost money. This isn’t the time to be a hero—it's a time to be smart.
