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📉 Tuesday, November 8

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Sirens

📉 Tuesday, November 8

Sirens Buying/Selling Opportunity

Dennis Wisco
Nov 8, 2022
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📉 Tuesday, November 8

24hourjournal.substack.com

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.

Twitter avatar for @ShaanVP
Shaan Puri @ShaanVP
Here's the 30 second summary of the FTX drama that is blowing up in crypto. 1/ How FTX (a multi billion dollar co) almost died overnight 2/ And why this is a god tier strategic move by @cz_binance
5:10 PM ∙ Nov 8, 2022
6,029Likes1,448Retweets

Lastly, I have begun adding an ETF portfolio below that will provide better guidance on trading during these cycles.

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