📉 Tuesday, November 8
Sirens Buying/Selling Opportunity
The indices ended today in a MIXED SMALL GREEN zone, with the Dow Jones Index and S&P 500 Index seeing multi-day gains.
Close of market
S&P 500 3,828.11 | +21.31 | +0.56%
DJIA 33,160.83 | +333.83 | +1.02%
NASDAQ 10,616.20 | +51.68 | +0.49%
Read below for Thesis, Terms, and Disclaimer.
Tuesday, November 8 presents a 🔴 SELLING opportunity.
Expected time to sell for short-term gain/loss: <1 week
Daily Market Recap
If you purchased shares during the last two buying opportunities, then the top of the cycle may be peaking and hence, a scaling out of shares may lead to a short-term gain.
If your portfolio equates to a short-term loss, scaling out and selling a portion of your shares may protect you from severe downside risk.
This latest cycle may be ending and hence, you will want to wait until the next cycle to begin dollar cost averaging into an investment.
Today’s market accelerated at the open, and upon some bad news in the cryptocurrency space, then the market took a deep slide downwards before recovering and finishing in the positive. The cryptocurrency market experienced one of the premier startups go belly up. FTX.com is an exchange where traders can buy and sell cryptocurrencies, and as of yesterday, rumors circulated of liquidity issues.
Lastly, I have begun adding an ETF portfolio below that will provide better guidance on trading during these cycles.
Keep reading with a 7-day free trial
Subscribe to 24Hour Journal to keep reading this post and get 7 days of free access to the full post archives.