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What happened last night!
Pete Tan
September 04, 2024
In partnership with
🧨 WHAT HAPPENED LAST NIGHT!
As the election draws nearer, the market is getting more volatile.
That’s why it is good to have reliable resources for stock ideas. If you like to support the newsletter, do check out Value Investor Daily! We are proud to be sponsored by them
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Back to the US market. After we had a good bounce off the 200EMA, the level of emotion is now GREEDY again. Thus it is good to be careful, which is why I was taking profit off the table previously and I hope you did too!
Because this will be our firepower when the market retraces. I think the SP500 will retrace back to 50 or 100 EMA before bouncing up again.
Overall, the market fundamentals are still strong, so I am not too concerned in the longer term. Just being opportunistic in the short term.
Quick update on the last trade on Visa, it is still good! Rather, it is amazing! While the whole market collapsed, Visa actually ticked up 0.79%
Read on for the rest of my best ideas! There are two parts so don’t miss it!
