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FF: "Bad news is again Bad" PULLBACK - then Dec/Jan rally


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#71 redfoliage2

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Posted 22 November 2023 - 11:32 AM

Regarding NVDA it looks the profit taking sent it to 480.  It's likely to be bought around here.  I see NVDA will be above 600 by the end of the year .....................

AI sector will continue to lead the market higher:
https://m.investing....s-432SI-3241343


Edited by redfoliage2, 22 November 2023 - 11:37 AM.


#72 redfoliage2

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Posted 22 November 2023 - 12:13 PM

Market breadth very strong today on the move higher.............................


Edited by redfoliage2, 22 November 2023 - 12:18 PM.


#73 redfoliage2

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Posted 22 November 2023 - 12:33 PM

Market breadth very strong today on the move higher.............................

But as tomorrow is a holiday we may see some profit taking late in the afternoon .......................


Edited by redfoliage2, 22 November 2023 - 12:36 PM.


#74 redfoliage2

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Posted 22 November 2023 - 02:34 PM

At this juncture I see there may be a ST pullback in the cards   ..........................


Edited by redfoliage2, 22 November 2023 - 02:40 PM.


#75 redfoliage2

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Posted 22 November 2023 - 03:04 PM

At this juncture I see there may be a ST pullback in the cards   ..........................

Likely SPX 4500 will be tested again....................


Edited by redfoliage2, 22 November 2023 - 03:12 PM.


#76 dTraderB

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Posted 22 November 2023 - 03:26 PM

Insane CRUDE MARKET!
PLUNGED, THEN VIOLENT REVERSAL.
CLOSED all 6 LONGS.

Closed ES HEDGE LONG 4565
WILL REOPEN below 4535

Holding 1 NQ HEDGE LONG.
Will open 2nd NQ hedge LONG below 15950

OUT OF HERE! HAPPY THANKSGIVING!

BACK ON SUNDAY EVENING.

#77 redfoliage2

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Posted 24 November 2023 - 12:00 PM

Let's see what the Black Friday sales data will bring for the market on Monday.  If the data better than expected we may see a pop up at the open.  I'd not keep any short positions over the weekend .....................


Edited by redfoliage2, 24 November 2023 - 12:09 PM.


#78 redfoliage2

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Posted 24 November 2023 - 12:44 PM

Let's see what the Black Friday sales data will bring for the market on Monday.  If the data better than expected we may see a pop up at the open.  I'd not keep any short positions over the weekend .....................

Likely record online sales ........................