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clock Created with Sketch. 12/09/23
19:52
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Originally posted by dc1234:
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No direction? ASX Li stocks were mixed - no clear direction. Of the 75 stocks that I track, it was flat - average no gain or loss What next: . SP 500 had a good gain yesterday, around 0.7% to 4487. ASX though had a smaller gain of around 0.2% So markets are at a very critical phase. The uptrend from October is intact. There has been some pullbacks recently, but they have been minor. Next big level for SP 500 is 4520/4550 and 4600 recent high. If everything goes well, than 4800. Downside, crucial number is 4420, if it doesn't hold, many feel we may see 4300/4330..Lead Indicators are mixed. VIX is favourable, but other indicators like Yields, Dollar Index, Bitcoin - not giving a very bullish picture.. . So what will happen tonight? All eyes on tomorrow CPI data. Then PPI on Thursday. Apple to launch a new product. NVIDIA in some trouble. TESLA big jump yesterday of over 10%. All these big stocks can provide direction. But key is inflation data. Its not possible to predict what may happen, but we can hope. Tonight will SP 500 toy with 4500/4520 or 4420/4440 - no consensus among analysts at this stage. But it would be good to hit 4500. Will that happen?. Lets hope so. All the best..
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thanks a lot for your reports DC. We holders really appreciate it. Out of curiosity I want to ask, I know you have mentioned you got out of all Lithium stocks but do you still hold any SYA shares long term?
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