Whether you like it or not, NVDA is keeping the dream alive for stocks.  After being humbled by the Nov rally, I have avoided stocks and will keep doing so for until…

Stocks completed a large cycle low at the very end of October, and are now in daily cycle two. My thinking is that this will be the daily cycle that roles over, if it does this early in the longer term cycle then that spells disaster for stocks in 2024. At least for the first half.

Here is what I am watching on the chart.  The false breakout at end of October should have been the clear cut sign to go long, almost no one did.  This time I am watching to see what happens on a backtest of the channel upwards.  If we break back below either sell or go short.  If we bounce, long is the way.

Knowing my luck with stocks, it won’t even back test and i will remain on the sidelines…