Elon Musk is not surprised by the bad news hitting Tesla rival Rivian. He’s been warning about it for some time.
On Wednesday, Rivian announced a disappointing quarter and outlook and said it would cut its salaried workforce by roughly 10%.
Shortly after, Musk wrote on X that the rival maker of electric vehicles would go bankrupt in about six quarters on the current trajecto...

We finally got a relief rally after 6 red consecutive candles from SPY.
Many other stocks like Google, Microsoft, Amazon etc rebounded too. Even for Apple, it staged a nice recovery from an early sell-off due to bad news.
Going back to SPY, have posted previously that there is potentially a double bottom on the daily chart. If this is validated, the broader market should continue this rally, with the next heavy resistance at 387. But before that, there is a gap around 370-373. If t...

Will inflation be over by years end? I don’t think so, therefore additional rate increases next year. Couple that with a recession.
I don’t invest, I day trade but I imagine the companies you picked have sound fundamentals. So I ask you again, when will they recover the additional losses incurred? And also? How will they respond to a recession environment?
When you’re picking stocks, you’re really looking in a rear view mirror. You don’t know what’s coming. So, before you buy tomorrow ask how ...

So we had a FED Rally as many would have expected. Indicators were pointing to shorts covering, bulls entering despite prices were falling. If you saw it and positioned for it, kudos to you. if you did not, don't worry as the market is always here you'll get other chances to be on the right side in the future.
What are we to expect now? Based on my analysis. there are certain things to look out for to ensure this rally has more juice for it to last the next few weeks or if it will be a weak bul...