$Advanced Micro Devices (AMD.US)$ according to my intense mo...
$Advanced Micro Devices (AMD.US)$ according to my intense monitoring lately. AMD have been following SPY (closest reference although not entirely.) . if we observe most stocks including large caps are at their breakout levels. so my guess is that it is the time to buy but with a cut loss. asssuming if SPY breaks 600 and hits new high above a new channel. i would assume that will be the start of AMD reversal. i may be wrong, just my observation. not financial advice thou. attached image was the cut loss scoop from SPY. i believe the reversal will start by tomorrow i hope. because im tired of hedging![]()
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Master Corgi : Market has pretty much peaked. It just looks like it’s waiting for a catalyst to have a big correction. Won’t be good for AMD if that happens considering it’s no where near its ATH.
pootpoot OP Master Corgi : well i think no one can determine whether its peaked. in terms of job report, cpi and other metrics it still displayed a strong economy. VIX is low, spy still scooping cut losses (i may be wrong.). of course if u are uncomfortable u can exit the market and watch. i would prefer to take the risk and stay vested as nov and dec are usually winning months of the year.
Master Corgi : Why can’t determine if it’s at the peak? The SPY, QQQ and even IWM are practically at ATH… NVDA is there as well, the one stock that can pull the market if things go south. VIX is almost at the bounce level too if you’ve followed.
Rosscco : Well Done !
pootpoot OP Master Corgi : possible. then watch lor dont buy. its a personal choice anyway. im not encouraging others to buy either.
Master Corgi pootpoot OP : Haha I day trade so doesn’t matter if Santa rally or a crash happen. The trend is my friend. Just sharing my opinion to your post.
pootpoot OP Master Corgi : understand. well see how far this run can go.