50 ema usually sees an acceleration to lower Bollinger band. short term, that would say down first then bounce. At that point, the move would look corrective, but could certainly fail and go lower after the bounce. Follow the rules!
@@tristar8950 Long term, MAYBE...But on Thursday & Friday the bears won both days. This morning, just when Bulls thought that SPY was bouncing back up, as soon as SPY hit 575, it crashed back down to 571. For all the Bulls this morning who thought we were rallying up got fooled
@@BigErnieBrown Nothing geopolitical going on right now.. Only thing I see being a huge factor is Janet Yellens fuckery in the bond/repo market that prevented the market crash in 2023 is coming back to bite us all in the ass.. But OP is probably right, it will most likely be earnings that cracks the market.. Look at that giant hole that was torn into MSFT this week. Could the market be coming to the realization that NVDAs sugar daddy is tapped out and it might reflect in NVDAs earnings? NVDA isn't going to be able to keep up it's already fraudulent quarterly growth. Law of big numbers is coming for them. If their earnings aren't anything less than 5-10% above expectation say bye bye to the AI bubble and thus the stock market. Top that off with SMCI, which is objectively a scam company at this point in time. They have very close ties with NVDA.. Could it be SMCI was helping NVDA cook its books which is why they can't file their report and their accountant just quit? How many of NVDAs other customers are in similar deals to keep the AI hype bubble going? This isnt all that far fetched, NVDA long before the AI bubble had a long history of lying cheating and scamming.
But don’t be surprised if a Trump victory, which predictions markets are pricing in, pushes bond yields even higher. Inflation pressures could return due to the combination of tariffs and fiscal stimulus, including tax cuts, that the former president has promised. That possibility that rates could be higher over the long term is likely not priced into either the fixed-income or stock markets.
Ohh wow economic illiteracy at its finest. Were you one of the St0nk HODLers I pawned TSLA shares off to when it was rolling off its ATH? You sound like one of the loves to buy "ATH breakout" kiddos.
I'm very confused by statments like "bears miss out on another bull rally." Why would bears miss out on a bull run? It would seem to me its bulls who miss out on bear runs. While bears hit both directions . This is evident by put to call ratios while the market is falling. The bulls only ever pick up on a direction change when it bottoms, then they might be frisky enough to start buying a few puts right as bears are starting to buy the dip or at least throw out some calls. I've tried to teach the poor bulls the beauty of puts but bless their autistic little hearts. It's just too complicated for them. BTW dont listen to this kid. This is most likely his first market cycle. It's always a good idea to not buy dips until they stop dipping. You never know when the dip is going to be the dip that keeps on dipping . 😂
That really depends on how you look at it. Historically, a rally in the 4th year of a presidency favors the incumbent. That makes obvious sense. However, this rally has accelerated as polls show the race for the presidency have tightened. That implies Trump is viewed favorably by the market. And then there's recent history. The last two elections were preceded by a couple of months of the market going sideways then breaking out in reaction to the election. Both Trump and Biden had post election rallies. Having established a pattern its possible the market is rallying early, in anticipation of a post election breakout. As a result of all these factors taken together I'm being cautious. I'm mostly in cash. The market has already experienced an aggressive rally. Trump threatens big tariffs and Harris threatens to raise taxes. Mr. Market may take a dim view of one or the other. And whichever candidate that is might win.
So he's been bearish as we rocketed majority of October...now bullish as the chart breaks down? Lmfao....lower it is! Just confirmed my bear bias, thank you. Have you not seen october momthly candle? 😂
Ohh man, this kid sounds like it's his first market cycle. He doesn't know what the hell is going on. He'll learn after he trys to buy the dip in NVDA At 130 Then again at 120 Then again at 100 Maybe he will learn before it bottoms close to its intrinsic value of 65-70 a share and stays there for the next 10 years.
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Sell off today (11/01/2024) after initial spike in SPY and QQQ along with trend line break on daily charts indicates upcoming heavy drop.
50 ema usually sees an acceleration to lower Bollinger band. short term, that would say down first then bounce. At that point, the move would look corrective, but could certainly fail and go lower after the bounce. Follow the rules!
I don't think anyone can predict how the market will react to the election result.
Lets go Bitcoin!!
The biggest bull trap ever coming soon
How do you know
@@fromthenorth3541 Wasn't wrong. SPY trapped the bulls after the first hour and from there after, SPY went crashing back down
You got that wrong Bear trap
@@tristar8950 Long term, MAYBE...But on Thursday & Friday the bears won both days. This morning, just when Bulls thought that SPY was bouncing back up, as soon as SPY hit 575, it crashed back down to 571. For all the Bulls this morning who thought we were rallying up got fooled
I don't rule it out at all.
Thank you
The PCE rocket thumbnail fell on its face
Nice, thanks Cory!
Thanks for the sweet update Corey
Good morning 🌞 thank you 🙏🏽
New schedule? Releasing videos in the morning now? Why?
Stock market just gave you warning. The market will let you know soon.
It’s all about earnings that dictates direction
What about geo political events or systemic and or credit risk? Just to name a few.
@@BigErnieBrown
Nothing geopolitical going on right now..
Only thing I see being a huge factor is Janet Yellens fuckery in the bond/repo market that prevented the market crash in 2023 is coming back to bite us all in the ass..
But OP is probably right, it will most likely be earnings that cracks the market..
Look at that giant hole that was torn into MSFT this week. Could the market be coming to the realization that NVDAs sugar daddy is tapped out and it might reflect in NVDAs earnings? NVDA isn't going to be able to keep up it's already fraudulent quarterly growth. Law of big numbers is coming for them. If their earnings aren't anything less than 5-10% above expectation say bye bye to the AI bubble and thus the stock market. Top that off with SMCI, which is objectively a scam company at this point in time. They have very close ties with NVDA..
Could it be SMCI was helping NVDA cook its books which is why they can't file their report and their accountant just quit? How many of NVDAs other customers are in similar deals to keep the AI hype bubble going?
This isnt all that far fetched, NVDA long before the AI bubble had a long history of lying cheating and scamming.
But don’t be surprised if a Trump victory, which predictions markets are pricing in, pushes bond yields even higher. Inflation pressures could return due to the combination of tariffs and fiscal stimulus, including tax cuts, that the former president has promised. That possibility that rates could be higher over the long term is likely not priced into either the fixed-income or stock markets.
Ohh wow economic illiteracy at its finest.
Were you one of the St0nk HODLers I pawned TSLA shares off to when it was rolling off its ATH? You sound like one of the loves to buy "ATH breakout" kiddos.
I'm very confused by statments like "bears miss out on another bull rally."
Why would bears miss out on a bull run? It would seem to me its bulls who miss out on bear runs. While bears hit both directions .
This is evident by put to call ratios while the market is falling. The bulls only ever pick up on a direction change when it bottoms, then they might be frisky enough to start buying a few puts right as bears are starting to buy the dip or at least throw out some calls.
I've tried to teach the poor bulls the beauty of puts but bless their autistic little hearts. It's just too complicated for them.
BTW dont listen to this kid. This is most likely his first market cycle. It's always a good idea to not buy dips until they stop dipping. You never know when the dip is going to be the dip that keeps on dipping . 😂
SPY $545 - $544 put credit spreads opened 11/1 expiring 11/15 for a $10 premium/contract.
Is this channel dead?
This guy is not honest. He never posted losses. Ask people who joined Discord 😂
markets setting up for a Trump win
That really depends on how you look at it. Historically, a rally in the 4th year of a presidency favors the incumbent. That makes obvious sense. However, this rally has accelerated as polls show the race for the presidency have tightened. That implies Trump is viewed favorably by the market. And then there's recent history. The last two elections were preceded by a couple of months of the market going sideways then breaking out in reaction to the election. Both Trump and Biden had post election rallies. Having established a pattern its possible the market is rallying early, in anticipation of a post election breakout. As a result of all these factors taken together I'm being cautious. I'm mostly in cash. The market has already experienced an aggressive rally. Trump threatens big tariffs and Harris threatens to raise taxes. Mr. Market may take a dim view of one or the other. And whichever candidate that is might win.
Yess! Lets gooooo 🇺🇸
Yeah, don’t underestimate the lefts ability to cheat and rig the election though.
You mean another coup attempt after losing again?
Yesir
So he's been bearish as we rocketed majority of October...now bullish as the chart breaks down? Lmfao....lower it is! Just confirmed my bear bias, thank you. Have you not seen october momthly candle? 😂
Ohh man, this kid sounds like it's his first market cycle. He doesn't know what the hell is going on.
He'll learn after he trys to buy the dip in NVDA
At
130
Then again at 120
Then again at
100
Maybe he will learn before it bottoms close to its intrinsic value of 65-70 a share and stays there for the next 10 years.
He has never ever been right. He is a clown.