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US500 4 HOUR CHART –  What’s the target?
Are stocks the outlier in the Trump Trade as they continue to rise while the other components retrace some of the post-election moves?
If you are looking for a level that might force a pause without standing in front of a runaway train, keep an eye on 6000.
In any case, look for support on any deep dip as long as 5900 holds on the downside.
USDJPY 4 HOUR Â Â RETRACEMENT?
Given the straight line move up, there are no obvious supports until 151.28.
Of course, there is 152, which is one of those pivotal buy/sell bias levels.
Otherwise, look at these FIBOs for 151.28-154.71 as potential levels of support.
Note, the low at 152.68 came close to the 61.8% level.
USDMXN DAILY CHART – Trump Trade Fades
The initial reaction to the Trump win was to treat currencies such as MXN as if tariffs were put on immediately This is part of the so-called Trump Trade.
Given that President Elect Trump does not take office for another 2 months some cooling of the initial reaction should not be a surprise..
In any case, watch 20.00 as that is the buy/sell bias indicator level,. Note the layers of support between 19.00-20.00
BTCUSD 4 HOUR CHART – RECORD HIGH BUT…
I generally prefer to focus on big figures, Â such as 70K, 75K, 80K given the volatility of this crypto.
If I went strictly by this chart a case can be made for a pause that would need a break of 75293 to confirm.
Even with that expect support as long as it can hold 75K.
Nvidia – NVDA
Going straight for the top of the channel ?
Analysts Keep Close Watch on Nvidia Q3 Earnings as AI Demand Drives Growth
Nvidia Corp. (NVDA, Financial), a chipmaker and leader in computer processors and graphics, is set to release its third-quarter results on November 20, marking one of the last major tech earnings announcements of the year. The stock, which has risen more than 200% over the past year, remains a Wall Street favorite, largely due to its pivotal role in powering AI and data processing needs.
Trump Media – DJT
Opssss – morning after came faster than you could expect…Have Kamala shorted this ride 😀
Trump Media shares slump as US election euphoria fades
Shares of Trump Media & Technology Group DJT slumped to a two-week low on Thursday, as speculative bets on Donald Trump winning the U.S. presidential election lost steam a day after his victory.The stock was nearly 20% lower at 10:25 a.m. ET, on track to erase its 6% gain on Wednesday after majority owner Trump defeated Democrat Kamala Harris to secure a second White House term.
Tesla Inc – TSLA
Tesla on the run…
Tesla Soars 20% Post-Election: Is This the Start of a Bull Run?
Tesla Inc. (TSLA, Financial) shares are riding on a meteoric ride, surging 20% in the last 5 days, hitting a record high of over $298 following Donald Trump’s victory in the U.S. presidential election. The stock rally added approximately $15 billion to Tesla CEO Elon Musk’s net worth, pushing his fortune to an estimated $280.3 billion. This stock rise eclipsed Tesla’s previous peak of $273.54, set in late October.
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