OceansWave wrote a post · 2 hours ago

First round of Red Christmas

$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$ $Advanced Micro Devices (AMD.US)$ $Microsoft (MSFT.US)$

Yesterday was just the start with Powell turning into a Bear that ate Christmas.. judging from recent instability of US government, this is just the start..

Institutions resorted to taking profits yesterday as it was very clear fron Powell that there will be less rate cuts next year… which is not a good sign for US markets as potential inflation may return..

Tomorrow is Quad Witching day.. many options, bonds, etc will expire so there is tons of volatity and be prepared that less buying will take place as many would want cash at hand..

The US government is potentially going to shut down as Rep do not agree with the Dem on the budget.. I can understand why since Biden has been screwing Trump before he leaves office, giving more money to Ukraine, selling border materials, etc.. definitely Trump ain’t gonna stand around to let this continue.. best way is to shut government down, but this will bring down the USD and stock market..

In short, if you are still in profit, it might be better to take some profit.. don’t bother to DCA at the moment as its not yet at the bottom… better not buy in at the moment as well..

Not financial advice but just observing the market and news.. Technicals ain’t gonna be useful at the moment, as 70% is technical but 25 % is news related.. the other 5% is really on luck..

good luck traders!!

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OceansWave

I ain’t any guru… i follow technicals and trend line of the market

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