CRASHY MARKET
BE PREPARED for high probability major drop today or Monday
CRASHY MARKET - high probability major drop today or Monday
Started by
dTraderB
, Jul 19 2024 12:02 PM
6 replies to this topic
#2
redfoliage2
-
- Traders-Talk User
- 18,941 posts
Member
Posted 19 July 2024 - 02:05 PM
It's unlikely for a market crash with a backdrop of solid earnings growth, disinflation, the Fed pivoting to rate cuts, and ending of Rassia-Ukraine war once DT is in the WH. This is a big dip though, but likely to be bought soon next week ............................
Edited by redfoliage2, 19 July 2024 - 02:11 PM.
#3
pdx5
-
- Traders-Talk User
- 9,576 posts
I want return OF my money more than return ON my money
Posted 19 July 2024 - 03:30 PM
It's unlikely for a market crash with a backdrop of solid earnings growth, disinflation, the Fed pivoting to rate cuts, and ending of Rassia-Ukraine war once DT is in the WH. This is a big dip though, but likely to be bought soon next week ............................
Good points.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
steadyquest
-
- Traders-Talk User
- 894 posts
Member
Posted 19 July 2024 - 06:34 PM
So far from high to low we're down a whopping 3%. Scary.
#5
steadyquest
-
- Traders-Talk User
- 894 posts
Member
Posted 20 July 2024 - 10:55 AM
If this breakout holds and the depth of the low is mirrored to the high then its market cap could more than double - though I can't imagine why.
#6
steadyquest
-
- Traders-Talk User
- 894 posts
Member
Posted 20 July 2024 - 01:56 PM
Tsla is whispered to beat - 0.65 vs consensus 0.59 - but the forecast could be more important.
https://www.earnings...com/stocks/tsla
Googl, Aapl, Meta, Msft and Ge are also whispered to beat.
#7
steadyquest
-
- Traders-Talk User
- 894 posts
Member
Posted 22 July 2024 - 10:29 AM
Anyone else here suspect that rumors of the Q's demise are greatly exaggerated? Support, once broken, becomes resistance.
