@rightangletriangle3188
Thanks for the great advice. Don't chase the bounce, but potential sell into strength if hits resistance.
@steveagnew3385
Your remark about this correction being due to a change in Market character rings true. The combination of sudden tariff shock and drop in government spending provides this overbought Market with a necessary correction. The macro indicators, though, all point to a strong underlying economy that will adjust to tariffs and result in increased consumer spending as interest rates and inflation drop. The question is when will the Market bottom and how long will the bottom last? How will the Market character change?
@bztokyo7270
it would be nice if you could spend more time for us on the trend change from Jan 22 to December 23 which I think finally spx starting making a higher high from the jan 22 bear..were there any signs / signals you can teach us that gave some hints that before making a new high or reaching the same high from jan 22 during dec 23 that showed the bear market was over...if we do start repeating 2022 again , would be nice to know what to look out for...for example in oct 2023 it looks like 50 week finally moved over 100 week, or earlier signal on daily, for example looks like on 3/9/2023 the 100 day finally crosses over the 200 day....of course the weekly trends have greater weight but earlier signals would be of course better to jump in again...thanks for reading this long post if you did!
@truthwillalwaysprevail
Thank you Dave your Market Recap gives such a calm and confidence to look through the market without getting fearful or greedy. From your vlog today One of the key take away for me was go Bullish when out of the down trend channel. I believe you only trade stocks not options or should I say you only talk about stocks not options. Anyway, I have been selling puts longer DTE and Leap puts on NVDA every time it tanks 7 to 10% to DCA because NVDA earning and future guidance were phenomenal. When the market is tanking shorting seems to reward trader handsomely but the danger is if the stock suddenly goes up it could be catastrophic resulting in a huge loss. The better and safer way to short the stock when down turn seems pretty reasonable is doing short synthetic i. e. SCV + LP. If the market does tank you will be rewarded pretty well and if the market goes up then your upside risk is pre-defined unlike shorting stock Thank you for providing very valuable market analysis. You are DA MAN😂
@garyportugal8035
well said : ' a trade, as opposed to an INVESTMENT.'
@tanleproe
Thank you, Dave. Yesterday, the put-to-call ratio didn't reflect the big drop of 4% on the Nasdaq. However, the recent sharp price changes in the SP500 and Nasdaq are expected to be reflected in the 50-day moving average in the coming days. That 50-day average is approaching the 200-day moving average. The triple witching expiration is next Friday (March, June, September, December). Buy put options to hedge. GL to all.
@Trollberg
Hindenburg Omen fired up few days ago
@zenunderground
Am I crazy, or does Viking Therapeutics (vktx) have a bullish divergence on the daily RSI? And if it does, would you use that as a buy signal?
@bayyoung