Futures red we will see tomorrow good to add up on stocks. https://x.com/StockMKTNewz/status/1728914215493349787?t=I2RXUiTIhiBoVsaxia_ysQ&s=09
Sold, what a run lol, I didn't think I would have gotten a chance to sell for a little bit of a profit this year Now I expect it to run further since I no longer have any position
Hope you guys had a great Thanksgiving. Dead wrong with my prediction from January since I expected 2023 to be a red year. Still feeling bearish for 2024, I just don't know if we can really avoid a recession after all these rate hikes but if somehow we escape another year without a recession then 2024 might be a good year for stocks again
I also sold SHOP on the pop today. I got into some of these more volatile stocks in 2021 and was sitting with unrealized losses until now, I am glad that I can at least sold some of them for some profits this year, thought it would take much longer for me to recover
China's PDD beats estimates as online discounter Temu booms | Reuters PDD soared after earnings. I don't use Temu a lot but know a lot of people are buying from them now due to their cheap prices
Don't really like CVS or WBA that much although I have a family member working at Walgreens, don't really feel like they are the kind of stocks that would beat the S&P 500 in returns. WBA's dividend is over 9% now, looks great but when the yields get the high then you wonder if the dividends will get cut at some point. Just my opinions of course and I am wrong very often I am actually looking at some medtech stocks such as SWAV, IMND and INSP for bottom fishing, not holding any of them yet but I might buy some of the big losers this year at some point in December since they tend to outperform in early January
The DOW near ATHs My guess is we will probably grind higher rest of the year (maybe a small pullback next week then just grind higher for last 2 weeks or so when we get closer to the holidays). Leaning bearish for 2024 but it depends on whether we will see a recession, I think next year we will finally see a mild recession at least but I thought we would see a recession H2 of this year so I probably will get it wrong again
I don't like it seems overbought now accept Walgreens up nice 4 percent. Prime to break Downtrend next few days load up. Overbought going up more or pullback a bit.
Seasonality might help the market this month unless we get some shocking bearish number from the jobs report or the CPI. I think @anotherdevilsadvocate mentioned the SPX might be heading to the new ATH before the eventual crash, maybe we are really heading that way
It's time for a correction in the stock market, according to Wells Fargo investment strategist Chris Harvey. Harvey said the US consumer is about to tap out and the Federal Reserve won't be cutting interest rates anytime soon. "The VIX is at 13, everyone's really happy, and it's time for either a correction or some sort of pullback as we enter the new year," Harvey said.
Yeah I'm seeing a pullback too, to start December. The sharper the better, to set the December low. We'll get the Santa rally, which may or may not be enough to get December positive. The big thing is to just get away from that low. I've seen some data that the recession may not be able to come next year even. I'll let the stock market tell me in the first 3 months.
A reminder that even market makers employ naive 20 year olds to do their work: The alpha in OMMs [Options Market Makers] Just an observation how many people external to the industry think we have some secret sauce and an unfair advantage just picking on all the retail traders while believe it or not but the reality is it's just a bunch of 20 yr old kids that go like "oh shit this looks too high let me just right click (or scroll down) a few times and hit out some vol" or when trading the 0DTE "damn this downtick looks kinda big lemme just left click (or scroll up) a few times and lift the screens". Then I see some people online posting some super complicated 0DTE trading models and I just think it's the funniest thing ever if people actually knew how the "pros" trade some of the most liquid products. Then I come to the realization that I have absolutely no transferrable skills anywhere else if our system didn't go vroom vroom every time I do big left clicks or right clicks. https://www.reddit.com/r/quant/comments/189flc3/the_alpha_in_omms/
There's now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risks (cnbc.com) Those of you who love the leveraged ETFs get a new toy to play with now
A lot of data this week but if we get out of this week without any severe damage then probably flat to higher rest of the year for the market due to seasonality
