Markets have been shaky these past few sessions—a reasonable pullback after a long uptrend. The intraday AMEX:SPY chart shows a double-bottom pattern, but it won’t confirm unless it breaks above $575. Personally, I’m waiting (and hoping) for AMEX:SPY to dip to around $565.50 before looking to go long again. 🚀👌
NASDAQ:SOFI has been on my radar for some months... Despite a sharp 9.3% drop post-earnings, it’s already fighting its way back up. SoFi reported a solid double beat in Q3 earnings, outpacing expectations on both revenue and EPS. Now, a quick 9% nosedive would normally leave any stock bruised and staggering for a bit, but not $SOFI. This bounce-back we’re seeing...
There’s an ominous topping signal showing up on the daily chart of NASDAQ:QQQ , suggesting caution ahead. Markets have been choppy and mostly flat over the past week, but don’t rush to short stocks just yet. Historically, November through January is a seasonally bullish period, which means we could still see upward momentum despite recent volatility. Patience is...