Despite The Negative Futures, The S&P Can Break Above 4100, Here's Why

Nov. 21, 2022 2:46 PM ETESTE, APA, DVN, GOOGL, MSFT, INTU, NOW, ADBE, ZG, UP, ABNB, LYV11 Comments

Summary

  • The 4100 level of the S&P 500 seems insurmountable of late. Even so, I see the clouds clearing for us to perhaps see 4300.
  • There are several factors that can boost the rally before we have the CPE reveal on December 13.
  • Needless to say, if the CPE is benign, the market can surely run hotter. I am merely saying that, in the next 2.5 weeks, we can already have a rally.
  • This idea was discussed in more depth with members of my private investing community, Dual Mind Research. Learn More »

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This past week was influenced by the week before last

We (the Dual Mind Research community) started the last week having built hedges from the week before. It was clear that after the PPI reveal confirmed a lowering of

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This article was written by

David H. Lerner profile picture
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Proven quantitative & qualitative strategies generating consistent returns
I have been writing about stocks for about a decade. I take a multi-disciplined approach but I am not doctrinaire. I come from a technology background having a software consulting business for a number of decades and also took part in business development for tech media startups. I employ technical analysis when it's called for. I believe that market psychology plays a huge role. My favorite explanation for charting is that charts are essentially a psychograph of sentiment about a stock. Market participants rely on narratives to explain a stock's appeal. If you can identify a narrative or trend as it is forming that can pay outsized rewards. I have an eclectic style and it might take you a few articles to "get" me. We now offer a subscription service: Dual Minds Research. I am partnering with Serop Elmayan, a quantitatively oriented trader that takes an engineer's approach to setting up trades. The chat room opens at 5 am. I have already been up since 4 am scouring the news feeds, commodities, and futures to suss out how the day will start,  I provide live minute-by-minute updates on the standard indicators and a few that we surface on our own. The chat officially closes at 430 pm, but I will often check at around 8 pm to post updates. Our Community utilizes the Cash Management Discipline, a simple trading style that we use as a discipline to counter the wild volatility we have to deal with today. Trading ideas will be surfaced almost daily. Serop will only provide trades that he has determined to have a high probability of success. Check us out.

Disclosure: I/we have a beneficial long position in the shares of ZG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Please note: You should not take the above text as investment advice. I am not a broker, Registered Investment Advisor, or certified money manager, I cannot give financial advice. What I am doing is chronicling my thought process. If I use the word you in a sentence, I am really talking to myself, or it was a simple typo, in no way did I mean to advise you. Always do your own research and understand what you are buying, and what your risk is, and be sure before you make a purchase. Also, only trade what you can afford to lose.

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