Wall Street Rallied
Both S&P500 and Nasdaq clocked their longest winning streak in 2 years. There’s a huge rally in the tech industry, which was led by the Magnificent 7.
Except for Alphabet, the other 6 megacap stocks all had a more than 2% gain last Friday, with Microsoft soaring to a new all time high!
The market has gained back quite a lot of market value that it has lost from Aug to Oct period.
The key question that is in everyone’s mind right now is, can the stock market rally continue? Let’s address this question in my latest video.
Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google + Option trades
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Successful investing is about managing risk, not avoiding it. DYODD
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OceansWave : Nice content.. almost forgot about the US Government Shutdown potential.. although at the current stage, it’s rated at 30%, but still possible to happen.. let’s see how it goes..I do recall recently that after the recent state elections, somehow the democrats have slight majority of the house.. however, for a bill to pass, I think u need 2/3 majority.. still let’s see how it goes for the market next week.. not gonna jump into trades until we can see the market behavior
Cow Moo-neyOP OceansWave: Yup - love your last sentence!
philzero : Longest winning streak in 2 years? What about the 12 days streak?
philzero : you should amends your statement and not provide misinformation to the community.
On track for longest winning streak and longest winning streak is a totally different story.