SPY on daily chart looks like a possible consolidation.. (fed next meeting is end of jan, pretty close to AMD earnings. ) it is possible that market would be consolidating towards end of Jan before fed meeting. if its a head and shoulders, it is possible to head towards 577. (below 577 will be concerning because the last time this happened was last year october it headed towards 50ma.) which the 50MA weekly chart is 540.
iG68 : any insight on MU? able to hold above 84 but still cant break the 90....
pootpoot OP iG68 : micron chart is disgusting. lower high and lower low on diff time frames. unless it hit 78 dollars, im personally not keen. if u have followed my moves on micron.. its all quick moves as i do not like their balance sheet.
pootpoot OP iG68 : take my feedback as pinch of salt . buy what you like and believe in.
71529569 : what buyin point,ark is buying though
pootpoot OP 71529569 : cathie? she bought in when amd was at the lower pennant. bet she didn't see this coming that amd fell off the pennant . so i highlighted before that i think amd will come back to the lower pennant before earnings. Just a conservative gauge.
韭菜变主力 : Anything mispriced to short with a good risk reward? SPX is so resilient; they just rotate back and forth. Most stocks have gone through a doubling process since their 2023 October lows. Like RSP, most of them are pulling back since the end of this November, and many of them are in downtrend now, but they are still overvalued.
Seems rotation is the only game in town.
Sweee 韭菜变主力 : should ask @Master Corgi he is the goat in shorting
Sweee : my belief is market volatility will spike in jan when the whales come back from holidays, direction can be up can be down. If its down Earning season will bullish, if its up earning season will be bearish The wildcards will be FED or trump throwing stun to the markets.
pootpoot OP 韭菜变主力 : i think SOUN is crazily overpriced.
pootpoot OP Sweee : market might be pricing in no rate cuts in jan
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