Stock Market Today: November 12th - 16th, 2018

Housing stocks getting hit once again

 

Close. The SPX hit 2735. Maybe tomorrow, the SPX will rally above 2740 and at some point above that 2740 level, I shall probably exit for profit taking and risk management.

 

Think NVDA will pop on earnings...see in a couple minutes.

 

NVDA weak. Almost cut in half in just 2 months. Might never see $300.

 

Yeah not looking good. Most semiconductor stocks are cyclical, could be in a downturn now after a long bull market.

 

Got lower highs on the last 6-7 candles

Might as well mark down today too, thanks to last night's ERs.

 

I opted for risk management and profit taking. I exited my long at SPX 2730. I had entered at 2682.

 

A fresh start for me again. I'd like another collapse to that 2650 to 2680 level for another buying opportunity. This 2600 to 2800 range bound activity is actually doable for swing trades

 

I want 2680 for another long entry

 

So far, so good. I exited at 2730. It hit 2738. It's at 2721 now.

 

What caused that pop? 20 pts in 10 minutes.

EDIT: Presidential tweet, lol

 

What did he say lol

 

China wants to make a deal.... Until Kudlow says the opposite later.

 

I seriously doubt we can get a deal done with the Chinese at G20 later this month, I think the best case will be something like good progress is made but no deal. We will see I guess lol

 

I don't know where that burst up to 2747 came from but the bears need to take this puppy non above the 2660 level for a real buying opportunity

 

LOL staff at the WH already walking it back.

 

A test of 2620 at this point would be perfect for buying long