The overall market is likely to fall this week after OPEX. The average low of the year is October 27th, and that date is fast approaching. Use this week to increase your long-term holdings. It is estimated that 60% of S&P’s total profits are generated in the fourth quarter of each year.
Grinder operates a social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) community. The stock price forms a rectangle between $10 and $13. Rectangles, especially rectangle rows, have proven to be very reliable technical formations. Please note that the monthly cycle refers to the end of the year. The target is the $16 to $17 area.
daily grinder chart
monthly grinder cycle
NVIDIA SPDR Dow Jones Industrial Average ETF Trust is set to resume its uptrend. Over the past 25 years, stock prices have risen 76% in November. From October 22nd to the end of the year, the stock price rose by the same amount. This is the fifth highest percentage in the S&P 100. NVIDIA’s expected return is the highest among the index’s constituents, at approximately 16%. This stock is rated number one for relative strength. While the stock may not be as strong as it was at the beginning of the year, NVIDIA is likely to be a leader through the end of the year. The $160 area is a reasonable goal.
NVDA Daily, Weekly, Monthly
NVDA Annual Cycle