Trading since 1998. SOES Bandits were my mentors. Learn how trade the financial waves via Technical & Fundamental analysis, Value & Momentum.
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Joined August 2012
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Where are the markets headed after TARIFFS youtu.be/m3Vn6dOg-iY?si=MlKC… via @YouTube
The volume and purchasing data is showing the up trend is still intact for stocks that got us here. Buyers stepped up and purchased stocks like NVDA (which seems to be a safe haven at this point) META, AMZN & LLY.
Core CPI year over year 3.8%
Commodities are up almost across the board, I would expect the next CPI number to come in hot as well.
performance since Oct. 12, 2022, the day the bull market began. Since then, the S&P 500 has risen 43% with a maximum drawdown of 10%. Meanwhile, the average index stock has seen a pullback of 26%.
Can you afford a share of NVDA or SMH? Will this feeding frenzy continue? I guess if enough of us can afford a $40K NVDA setup to figure out what to buy then yes it will. Will there be a pull in? As allways. If you need to buy now? buy 1/3 now and the rest on pull backs.
Who killed off an eight-day stock rally? The Bulls which bought the market up to S&P resistance just below 4400 level. Or Powell "inflation has given a few head fakes in the past" and said he wouldn’t hesitate to move again if needed.
Can this be a market top?
Were still in a bull market, but there is a lot of pressure on the market, Bear case is long list starting with high interest rates.
Ways to protect your long position portfolio? Selling calls against your position (which can call away your position) if you don’t want to risk being called away, you can buy puts.
Chart above S&P is @ a resistance level but I also see Bull Flag which makes a case for Longs.
Apple market cap is 2.6 trillion $ that’s bigger the the EU market cap which is 2.4 and double Germany market cap which is 1.3 T.
