What To Expect From This Market

Posted by Joe Duffy | Nov 20, 2024 | Joe Duffy's Trading Advantage | 0 |

On the weekend update I mentioned AAPL and UBER as stocks that I thought could rally. Neither provided a great opportunity as APPL was a gap up and go (and I wasn’t chasing), while UBER was a gap lower and then sideways. Though I think the breakdown in UBER is indicative that all is not right with the broader market. My theme of sideways still holds.

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Support for the SPY is 575 as per current attached chart. I would take a long position there if we see it, for a short term bounce. NVDA earnings Wednesday.

Thanks,

Joe

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Joe Duffy

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