1) Good Morning! #MARKETS PRIMARY TREND IS STILL UP! Battle Royale Over Stimulus Pushes Futures Up Overnight. However, DMI On All Time Frames Teetering On Going Negative. Good News Is Lower Prices Allow Better Buy Points On Stocks With Cup And Handle Formations. 21ema Gets Bounce
2) Ah the news....throwing the market to and fro and always making for a good Hallowe‘en Scare for nubie traders. Hallowe’en is my favorite holiday being that I’ve been a horror movie fan since a child. I always enjoyed the psychic stories the most, the ability to predict!
3) That’s probably what got me into the stock market, a story about a man who makes a deal with the devil for one years worth of future newspapers with stock quotes so he can make a fortune, only to find out he dies the next day as he reads his own obituary. Bwahahaha
4) Or the man who is given psychic abilities and turns a small amount of capital into a vast amount of money. Either way, most traders dream of making a killing (evil laugh) in the markets. But in reality it takes years of practice and dedication.
5) October has gotten the reputation of being the scariest month of the year with crashes littered throughout it’s history. As a matter of fact, yesterday was the anniversary of one of them. Today is today though and we have to look and make some predictions which is what I do.
6) Technical Analysis is day by day and sometimes hour by hour, especially for market direction, but the real key is picking the right vehicle, in this case the right stocks, or #BTC as it rose to $20k. #Bitcoin has been rising, and I suspect #stocks will follow it this time.
7) The two have been linked for a while, one following the other. Usually it‘s stocks first and then BTC, but occasionally its the other way around. It’s a nice reminder that Primary Trends are the most important indicator. That being said, stocks are nowhere near in danger.
8) Yes, it’s true they dumped a little but in the zoom out, this is just a blip. The indicator for the Best 6 Months Of The Year needed to reset, which it is in the process of doing. In the meantime, at the minimum, several hundred stocks are resetting as well.
9) Today, futures are up but teetering on the DMI so could fall again, but major stocks are using this to reset, Apple, Microsoft, Tesla just to name a few. And while I am cautious about buying them right now, if you understand the trend and reset, all of these guys are beauties.
10) So currently we are biding our time. Markets are working through the news which the algo’s of the Big Boys use..stimulus, election, covid at the Big 3. But November is coming. Expect more choppiness today, but in all truth it will take days even weeks to see a correction form
11) And that’s if it even does, since Best 6 is right around the corner. Both Biden and/or Trump could surprise us going forward. One big October surprise is probably coming which clinches the election. But our focus is the markets.
12) They could go either way ”today” but that’s not the
”future”. We should instead be building our lists for purchases and taking advantage of the wait as we reset. That’s what the institutions are doing, while 99% of the populace is wrapped up in the elections.
13) That’s the way you win. You follow the Big Boys, you do your homework, and prepare to pounce. You make strategic moves. (Did you notice I made this thread 13 posts long?) Enjoy the final harvest which is what this time is really about according to our ancestors. Peace & Love
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