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Is this latest push up past its due date?
1 posted on 02/23/2024 4:56:53 PM PST by Eccl 10:2
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To: Eccl 10:2

Vital signs still OK? Don’t know how to read this chart.


2 posted on 02/23/2024 4:59:17 PM PST by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: Bob434; calljack; cgbg; Craftmore; DCBryan1; EEGator; Fireone; fretzer; hecticskeptic; ...

RSI peaked and is showing negative divergence.

MACD heading toward a bearish crossover.

Stochastics pointing to a bearish downturn.

Please ping me if you want to be added to the list, but…

NOTE: For discussion purposes only. I am not any sort of financial or investment professional, and I take no responsibility for any actions taken by you, nor does FreeRepublic.com.


3 posted on 02/23/2024 5:00:34 PM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Eccl 10:2

Personally, I believe the markets are close to peaky-peaked out, but I don’t see them falling off a cliff in the immediate future.

I thought it was incredible how the PANW earnings reaction smoked 100 points out of the /ES and it came right back with NVDA earnings. IMO, this is a big FOMO market. Not big fat——big thin. Remarkable. Catalysts going forward? Ehhhh...?

I would take or protect some.

Incidentally, I have not checked this but my sense is that the rally since October is possibly one of the top 5 rallies of all time. If not in the top 5, it’s still huge.


6 posted on 02/23/2024 5:11:02 PM PST by Attention Surplus Disorder (The Democrat breadlines will be gluten-free. )
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To: Eccl 10:2
Starting to enter seasonality weakness. Today's breadth was typical of the 440 qqq call wall rejection and NVDA 800 call wall. Looking forward, pce this week is critical. Everything is primed for the March opex. Fed rate rate decision and seasonality will define a barcode situation until those events are addressed.
8 posted on 02/23/2024 5:45:40 PM PST by Theoria
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To: Eccl 10:2

“Is this latest push up past its due date?”

Maybe. I like what I own, just watching the show and fine tuning.


9 posted on 02/23/2024 6:04:05 PM PST by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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