Financial News vs. Noise
We have a bottom in place, at least for the short term. Watch yesterday’s low on SPY of $495.43 for support and $500 for resistance.
For QQQs it’s the 413 area and the 421//22 area on the upside
Market’s still look like they are in a downtrend, which would resume if those levels are broken. Continue to watch the semi’s
And rates, but they look to have stalled out for now
The next three days bring TSLA, META, GOOGL, and MSFT so ought to be interesting. TSLA kicks it off tonight, and it’s slightly green this morning. One would figure the worst has been priced in, but again I don’t see a ton of support until $100.
Elsewhere, Argentine stocks had a day. GGAL is one of our favorites.
Look way better than Brazil, which I removed from my watchlist a few weeks ago.
I don’t invest based on politics, just want to make money, completely different environment for business in each of these countries right now.
Gold miners looking toppy here.
Crypto miners starting to make some moves again. I have been out, but I like this MARA chart.
While I never wish ill on anyone, this isn’t a bad thing. She’s a great marketer but their analysis, trading, and risk management just suck. The media continues to trot here out there as an expert, which misleads many investors into thinking she is. Cathie Wood’s Popular ARK Funds Are Sinking Fast Investors have pulled a net $2.2 billion from ARK’s active funds this year, topping outflows from all of 2023-WSJ
Timeless wisdom from Gordon Gekko
Agree 100%, but not sure this dip is caused by geopolitical turmoil as much as rate cut expectations coming down from 6 to maybe zero. History says stock-market dips caused by geopolitical turmoil ‘should be bought, not sold’: BofA strategists-MarketWatch
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