11/30 Chop Suey Soupy
PCE Cools, Markets continue to chop
IV. Analysis and Commentary
WIZ CHARTS CHAT
The Chop continues on, fintwit was calling for a large flush and while the morning was red on QQQ, every other index was either green or flat. We continue on now with 8 days of SPY 0.00%↑ - SPY at 454-455. Markets are in full steady state mode.
With PCE coming in cooler than expected, do markets now have a pass to head higher? Which indexes should we be focusing on, and what stocks within those indexes have the best set ups?
We’ll look at all of that today, because there is good opportunity across the board.
Additionally, SNOW ER did boost us green and I really like how it is now setting up.
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FOOD for THOUGHT
Sigmund Freud, the founder of psychoanalysis, had a complex and evolving relationship with astrology. While he initially dismissed it as a pseudoscience, he later came to believe that it could be a valuable tool for understanding the human psyche.
Freud's early skepticism of astrology was rooted in his belief that it was not based on any scientific evidence. He argued that the stars and planets could not have a direct influence on human behavior. However, he was also intrigued by the fact that astrology had been around for centuries and that it was still widely popular.