Going Higher

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Our last two articles “Indicators to Watch for a Bottom” & “State of the Markets - Did we bottom?” should be saved in the archives.

Market Outlook Update

With the latest developments in U.S./China trade negotiations, markets appear set for a strong move higher today. Broad participation is expected—though pharmaceutical names may underperform.

Quick Highlights:

• Interest rates continue to trend higher

• Gold is weakening

• Bitcoin remains strong

• U.S. Dollar showing resilience

• Brent crude is under pressure

• Tesla poised to make new highs

• Caution advised on pharma stocks

• Meta will always be better than Apple

Perfect bounce on the 50% retracement.

Post this indicator on your wall.

Tesla first of the MAG 7 to get above the 200ma. Going higher.

Ethereum: Rumors are going around that Meta is building a stablecoin on ETH.

Bitcoin will lead gold this year.

Gold is starting to top.

Bearish on Brent

Coupang wants to go higher.

Sept 23, 2024: “Johnson Controls (JCI) will win the race in liquefied datacenter cooling.”

Long Meta / Short Apple has been our call for almost 3 years now.

We like Philip Morris but it is starting to top.

Dan Ives’ AI 30 List