Rumors are running amok that CPI Headlines to be released on coming Thursday would indicate re-acceleration of inflation. In addition…
Market is having diarrhea because of Moody + in anticipation of the inflation re-acceleration news.
UPST down 30%. What happened?
PLTR down 9%.
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Recession is imminent… The good thing is US might be the last to enter recession amidst the global slowdown.
Sold puts bot before earning too early.
Define “imminent”.
So you don’t know what that means.
Empty words.
Market live or die time… AAPL down Market bearish… AAPL > $186 Market bullish. Knox is in the bear camp, he thinks the Bear Market Rally is over. Face Ripper thinks is just a correction, a new ATH (S&P) by end of the year.
S&P is hugging the 50-day SMA… we want the 50-day SMA to hold!
QQQ has broken below the 50-day SMA… 50-day SMA is acting as the resistance… not good.
NVDA price action today appears to be leading the market out of the correction and back to a bull trend.
Let’s see whether AAPL and MSFT would second that.
Don’t worry. Xi will fix things by not publishing bad econ data anymore. Everything will be rosy in China.
China’s continued economic woes took center stage globally, as the country reported a further decline in health for its economy. China’s central bank unexpectedly cut a range of key interest rates in a bid to spur growth in its sputtering economy. Notably, it also suspended the publication of its youth jobless data after months of spirals.
Market got whacked again. However, I am still hopeful. We need AAPL and MSFT to confirm NVDA rally as correction is over, otherwise NVDA recent rise could be traders betting for good earnings i.e. another huge drop after NVDA earning.
Wednesday is the day. Resumption of the bull trend started on Oct 12, 2023 or continuation of the bear market started in Nov 22. Is earning day of NVDA the AI king.
Bullish.
Equities: Sentiment deteriorated sharply in recent days.
Nvidia crushed it.
2 Likes
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Resumption has started last week, right?
What about Jackson Hole?
Two weeks ago:
I continue to think there are too many dip buyers waiting in the wing for there to be any meaningful correction. Hopefully Xi will get his acts together and put out some meaningful stimulus. Then it’s party time!
