Larry McMillan Stock Market Update Video 10/28/2024
By Lawrence G. McMillan
Join Larry McMillan as he discusses the current state of the stock market on October 28, 2024.
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Some stuff I am reading today morning: Tariff whiplash returns to markets ( Yahoo ) The Bond Markets caused Trump to blink ( The Street) Gold prices surge to new record highs ( HT ) The downgrade of everything American ( Sherwood ) On Indo-US trade talks ( CNBC ) China criticizes Commerce Minister Piyush…
Blog post: Day 23 of $QQQ short term up-trend but GMI falls to 2 and could flash RED on Monday; Has $DIA formed a double top?, see weekly chart.
The leaders are swooning and this is not the time for me to be brave and stay in long positions. There were only 11 US stocks trading at ATHs on Friday. So purchasing stocks at ATHs is not for me. Also, DIA may be forming a double top. DIA has now closed below its 10…
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This weekly 10:30 chart of QQQ shows it to have closed (gray line) below its 10 week average (dotted line) on above average trading volume. Compare this pattern to the decline last March and April. The question remains whether QQQ will retake this average or decline to the 30 week average (red solid line) or…
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