Stocks Rally, But Are Cracks Appearing?

Stocks had an ugly bearish reversal on Thursday. Are cracks evident even after Friday's bounce?

[@BrianAlbert-hh3pi]

seems like a solid way to generate extra income, but I wonder how it would affect one's portfolio in the long run.

[@EricaWaters-lr6zw]

I've dabbled in covered call trading before. It can be lucrative, but if not planned well, it could lead to significant losses, especially in a volatile market.

[@LeahLewis-ny9iu]

Plus, considering the current global economy, it's essential to be cautious. Economic downturns or geopolitical events can greatly impact the effectiveness of this strategy.

[@ChloeCarter-kd7gz]

The problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

[@HRMColoniallifeinsurance]

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@EricaWaters-lr6zw]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with DESIREE RUTH HOFFMAN for the last five years or so, and her returns have been pretty much amazing.

[@markloessi5799]

Thanks Chris and Kathy! Have a nice holiday.

[@mjbucar]

Thank you Chris.

[@paulantony99]

Thanks for the video.

[@drjonesrn]

Thank you. Have a nice holiday.

[@shayaristatus5709]

You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.

[@ifern4545]

Thanks for the update, Chris/Kathy. Happy catching the move up.

[@erichathaway8104]

Always excellent

[@dianasong4594]

thank u so much.

[@hiatuz3512]

Thank you 🙏

[@mikeb6354]

that was fantastic

[@TONYMOR]

Wow SMH/XLK & keeping check on Monthly XLP/XLY hitting resistance but possible early sign of rotation to defensive if breaks. 👍

[@jerryz4564]

Sell everything and buy NVDA. Sarcasm, but that is what is happening.

[@GaneshD123]

Great charts, great analysis! Thank you Chris and Kathy!

[@RamSamudrala]

@23:31 So the cloud didn't predict the 5% drop we had last couple of months but predicted it for June? Or is predicting another drop? The cloud is shifted compared to reality, is that the point?

[@mattg8431]

Can someone please summarize, no worries and clear sky still ahead?

[@afonsodeportugal]

Not really, it's all going to hell. 😜

[@josedezubeldia4424]

No me pierdo un solo sábado. Me guio por tus videos Chris.

[@beau6113]

Thank you! Enjoy your holiday!

[@RealTradesStockMarket]

I've been checking-in on this channel for years...he puts out TONS of info (obviously) but there's nothing actionable. Everything is backward looking. There is no edge with any of this.

[@AnshGangoly]

Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator

[@mda99das]

In summary bullish and do buy the dips.

[@RealTradesStockMarket]

That's basically always his un-said summary, LOL. He's not "predicting" anything.

[@dh-uo4lt]

Wen moon

[@rttube555]

Though carries some risk, long-term TQQQ might be a good investment idea if can hold through the volatility with for example a reasonable percent position. Thank you for your commentary over the last several years. We appreciate all the thorough analysis. One thing I learned from you is how valuable comparative charts can be in understanding market dynamics.

[@martian9999]

please be careful. Since 2011, TQQQ has had a maximum drawdown of -79%. During the post-Dotcom years, it probably reached -95% or so. You can reduce your drawdown by using a simple moving-average rule, such as the 50/200 day crossover known as the Golden Cross/Death Cross. This reduces drawdown from 2011 to a still steep but more conceivable 50%, yet it comes at price: CAGR is now +26% (previously: 38%).

[@7r0u8l3]

I love you man.

[@luisbarragan9555]

Long SMH short IWM is the easiest money ever. No need to waste time on analyzing stocks for hours on end.

[@crispiest99]

It hasn’t happened yet.

[@WiseOwl_1408]

Goofy

[@shaurysingh3520]

Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash

[@hooksx]

Technical analysis is nonsense.

[@thetruthwillsetyoufree9209]

It's a tool that should be used in combination with fundamental analysis and geo-political/macro views. You can question the predictability of any of those tools by TA Cleary illustrates visually what is happening.

[@louistran016]

Said the buy high sell low dude

[@IamTheJesus69]

If you use it for prediction then sure. If you use it for finding favorable points in time to transact from a probability standpoint then it is useful. I don’t care for most technical analysis, but key price levels and moving averages are useful to me. I know that they are useful for entry and trade management from studying 10,000s of instances of my setups in high momentum stocks.

[@tj86xj]

People selling the top need buyers, so please keep those blinders on..

[@martian9999]

TA is just the graphic display of price action, and its interpretation. To say this is nonsense is just a throwaway statement.