@cflanders7 · ranked 2 of 2 scored days
#46
3up today
I always listen whenever Joe talks about markets! https://t.co/DDRfN7Ad5n
Wouldn't be surprising to see memory names and other AI names that rallied above their declining 50dmas to come back and test them. See if they can hold those levels and then make higher highs with the 50dma turning up.
They are saying there is a chance that the US GDP could grow from 30 trillion to 45 trillion by 2030. That would be a 10% GDP growth every year for 4 years and that growth continues at that rate. And you thought the internet bubble was big?
I'm very skeptical of a name like SPCX to get back to or make new highs quickly. Had a large 53% correction with the space sector topping after its IPO with the indexes barely pulling back. CRWV had a huge post-IPO run. It corrected around 50% but it coincided with a bear
How are you positioned this weekend?
Just waiting now for the market to move one way or the other. Patience is key. Very few stage 2 break outs with huge power and follow through this earnings season.
Same is true for trading. Amateurs are in for the excitement
Incredible tennis for a 65 year old and I think a David Ryan cameo at the 29:20 mark! https://t.co/b3vh6JwzUo
The market today:
Spent the weekend reviewing my trade journal/notes/trades for 2024. What a different market. Huge Stage 2 break outs everywhere. Complete opposite of now.
This market action is bringing back painful memories of previous bear markets.
Back in the States finally! How are you positioned this weekend?