Take Profit as S&P Hits 5800 or Hold Till 6000?

As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?

avatarSmartReversals
2024-10-17

$SPX - The Trend is Your Friend Until Proven Wrong

$.SPX(.SPX)$ - The Trend is Your Friend Until Proven WrongPrice action continues above the 5 DMA, technically speaking the bullish trend continues intact. The bearish Stochastic crossover and the resistance at the higher Bollinger band suggests caution. Oscillator can continue overbought as circled. All eyes in the 5DMA. $NASDAQ 100(NDX)$ closed with an intriguing candle, like💚if interested in chart.The financial analysis for banks is different from other industries. Banks generate revenue primarily through interest income, fees, and other financial services. Get access to the key financial metrics for the banking industry, applied to $JPMorgan Chase(JPM)$
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$SPX - The Trend is Your Friend Until Proven Wrong
avatarpretiming
2024-10-17

The S&P 500 is transitioning into a correction trend

$.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ Long-Term Strategy:The market remains in a Bullish zone, with a 'Buy and Hold' strategy continuing to be effective for 21 days, resulting in a cumulative return of 3.9%. As no significant changes are anticipated in the trend, holding the current long-term investment position is recommended.Short-Term Strategy:The S&P 500 is transitioning into a correction trend as buying intensity weakens slightly, with an ascending rectangle pattern expected over the next 10 days. The short-term strategy remains 'Buy and Hold,' with upward movement dominating at a ratio of 4:6 (downwar
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The S&P 500 is transitioning into a correction trend
avatarWallStreet_Tiger
2024-10-16

3 Aspects Tell You Will US Equities Continue Their Rally After the Record Highs?

Last week, U.S. stocks hit historic highs, reflecting widespread optimism among investors. Now, the market’s attention has shifted to earnings reports and the upcoming Fed meeting in November, where there’s an 84% chance of a 25-basis-point rate cut.Looking back at last week, all major indices— $.IXIC(.IXIC)$ $.SPX(.SPX)$ $.DJI(.DJI)$—rose more than 1%, with the Dow and S&P 500 both hitting record highs on OCT11.Can the Rally Last Until Year-End?With the prospect of rate cuts, strong macroeconomic data, and solid corporate earnings expectations, U.S. stocks are on solid footing to potentially continue their upward trend. Let’s dive into three key indicators
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3 Aspects Tell You Will US Equities Continue Their Rally After the Record Highs?
avatarAN88
2024-10-16
Yes will hit 600. Buy dip and keep long term 
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avatarNAI500
2024-10-16

PFE & ABBV: Potential to Outperform SPX Over the Next Decade

As the $.SPX(.SPX)$ approaches its all-time high, some undervalued components like $Pfizer(PFE)$ $AbbVie(ABBV)$ are flying under the radar. Both of these healthcare stocks boast dividend yields over 3% and are poised for further increases, making them likely candidates to outperform the S&P 500 in the next decade.1. $Pfizer(PFE)$Last December, Pfizer raised its dividend for the 15th consecutive year, with a current yield of 5.8%. Even without additional hikes, this stock can provide substantial passive income. With many new patented drugs in the pipeline, investors can reasonably expect steady quarterly dividend increa
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PFE & ABBV: Potential to Outperform SPX Over the Next Decade
avatarUltrahisham
2024-10-16
Take Profit Now as the Broad Market Index Hits New Highs? Investors around the world are watching closely as major stock market indices, such as the S&P 500 and NASDAQ, hit new all-time highs. For those who have seen their portfolios grow steadily during the recent bull run, the big question is: Should you take profits now? The idea of taking profit involves selling some or all of your investments when they have appreciated in value, locking in gains before the market turns downward. While it may seem tempting, especially as the market reaches new highs, the decision to sell requires careful consideration of several factors. 1. Understanding Market Cycles Stock markets tend to move in cycles: periods of expansion followed by contraction. When a broad index hits new highs, it could be a
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avatarPinkspider
2024-10-16

Market correction incoming ?

Morgan Stanley's Mike Wilson, the man who has predicted 20 of the last 2 market corrections, says the strong U.S. Dollar could derail the stock market rally.
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Market correction incoming ?
avatarSamlunch
2024-10-16
$SPDR S&P 500 ETF Trust(SPY)$  $Apple(AAPL)$  $NVIDIA Corp(NVDA)$ $Coinbase Global, Inc.(COIN)$   📈 $SPY Temporary Pause! • Bulls took some rest today once the trendline broke lower with the pressure coming in from chips and money rotating into Small caps. • If 580 is not reclaimed early tomorrow SPY can drop down to 577 and under we have 575. • 575 is a good buy the dip level on SPY and I do not see anything under at the moment for OPEX week. • Bearish engulfing on the daily. Not a good sign. • $QQQ ISLAND BOTTOM has been dismantled by the bears. Expecting a bounce off it tomorrow.
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avatarKUN_axl
2024-10-16
Hold pretty good month
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avatarTRIGGER TRADES
2024-10-16

Pivotal spot for $SPX in the short-term!

Pivotal spot for $.SPX(.SPX)$ in the short-term!If it can hold above 5772, it should produce another high to 5871-5900 for a 5th of a third to continue to see the dips get bot.However, below 5772 would lead to a multi-day correction targeting -5672 before the final leg up under [W5] of Wave 5. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ ImageImageWe crushed Friday's price action using the WXY Model combined with ICT concepts.Alerts were sent at Thursday's low, close, and Friday's ope
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Pivotal spot for $SPX in the short-term!
avatarAkyl
2024-10-16
I would take some profit out and keep the balance for long term. 
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avatartilly86
2024-10-16
No idea what I'm doing but it's fun
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avatarIykyk
2024-10-15
Will go higher   Let's just add
1Reply
avatarAN88
2024-10-15
Hold until 6000 or more for long term 
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avatarDavidSG
2024-10-15
For traders, take profit when reached all time high. For investors, hang on to your prized stocks, compounding effect will take place in the long run. You may not be able to buy back the stock at such lower price. May the market be with you. 
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avataramroui
2024-10-15
$Ocular Therapeutix(OCUL)$ took 💯 % profit woohoo! Feels like a great time to cash out now after watching the trades for the last hour. Thankfully I wasn't greedy and managed to cash out at $10.58 [Grin]  
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avatarAqa
2024-10-15
Bad news today. Biden adding more countries on the list of U.S. AI chips selling restrictions. $DJIA(.DJI)$ $S&P 500(.SPX)$ all heading downwards. History repeats again. Thanks @Tiger_comments @GoodLife99
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avatarPinkspider
2024-10-15

US companies bankruptcy rate one of the highest since pandemic

BREAKING: 512 large US companies have declared bankruptcy year-to-date, only 6 less than during the 2020 pandemic. Outside of the pandemic, this is the largest number of bankruptcies in 14 years. In September and August alone, 59 and 63 firms filed for bankruptcy, the most in at least 4 years. By sector, the greatest number of bankruptcies have been seen in the consumer discretionary, at 81, followed by 60 in industrials and 48 in healthcare. 3 of the 5 bankruptcy announcements with liabilities over $1 billion were in the consumer discretionary sector as Americans pulled back on spending. Corporate bankruptcies are at recession levels.
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US companies bankruptcy rate one of the highest since pandemic
avatarValue_investing
2024-10-15

Amazon: Where One Door Closes, Another Opens

Last week, $Amazon.com(AMZN)$ 's stock rose about 1%, even after $Wells Fargo(WFC)$ downgraded it from "Overweight" to "Equal Weight" on October 7. Despite this, Amazon underperformed compared to the $Invesco QQQ(QQQ)$ , which saw a 2.3% increase. Wells Fargo's concerns stem from Amazon's investments squeezing profit margins and a weakening positive impact from its advertising revenue. However, they remain optimistic about the company's long-term prospects.Profit Margin and Investment TrendsWells Fargo has lowered its price target for Amazon from $225 to $183. Interestingly, this target aligns closely with the stock’s current price, suggesting that they do not fore
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Amazon: Where One Door Closes, Another Opens
avatarPinkspider
2024-10-15
With China drilling near Taiwan base and North Korea patrolling near South Korea and the looming imminent Israel attack on Iran, the geopolitical risk is major concern and election will see more volatility. Trim if you may hold if you like remember as Warren Buffet said: Be fearful when everyone is greedy. 
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