Stock Market Brief in Count Down to US Election Result 2024

Stock-Markets / Stock Markets 2024 Nov 03, 2024 - 10:32 PM GMT

Dear Reader

It's your lucky day, you get access to my latest pre-election market brief made available to patrons earlier today. For immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $7 per month, lock it in now at $7 before next rises to $10 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.

......

Stock Market Brief in Count Down to US Election Result 2024

(3rd Nov 2024 - 4pm UK Time)

Just 2 more days to go until both the US Election 2024 and correction window end that should resolve in the S*P blasting off into space targeting 6000+

Earnings season is near complete, most have only experienced slight price weakness on earnings, nothing of significance

I finally got around to making a US election utoob video -

According to MSM and pundits such as Leechman Karmal Harris has won!

According to DeemGPT (Me) it's not even going to be close, Donald Pump will win by a landslide (electoral college).

Remember MSM tells you to sell stocks at bear market bottoms and buy stocks at bull market tops, the exact opposite of DeemGPT. Anyway not long to go.....

The AI tech stocks spreadsheet has been updated to reflect earnings reports, i.e. EGF's / direction of travel.

Spreadsheet link - https://docs.google.com/spreadsheets/PATRONSONLY

What stands out ?

Google is cheap as it climbs the stairway to heaven.

AMD overvaluation is moderating sp the dip into it's buying range down to $142 was timely to add to Numero Tres on my list.

META is still expensive but refuses to drop to allow one to add more.

ASML looks good for the long-run.

AMAZON - Trimmed a chunk at $199.9

KLAC offered an opp to add though it is not cheap!

Broadcom another stock that remains expensive, failing to offer much of an opp to add to.

Overall earnings were good for AI tech stocks, even Intel beat low expectations.

Nvidia $135 - reports earnings on 20th Nov, Metrics point to the stock firing on all cylinders so any election / earnings volatility should be capitalised upon though I doubt we are going to be lucky to be see any further dips in Nvidia after all it already gave us 2 opps following it's $141 high, 1st down to $90 and then down to $100 during September. So Nvidia looks set to resume it's bull run to first $200 and then $240.

Folk need to remember there is an exponential AI Mega-trend in progress which has in it's means to trump all expectations in at least Primary AI Tech stocks i.e. come 2027 S&P is in a bear market and many AI tech stocks are Not! It's going to get so confusing for most how can Nvidia be setting new highs when S&P is down 10% etc...

Also a new column has been to the spreadsheet P - Probability of New All time high in next Yr or so, as a measure of where stocks stand in terms of draw downs vs expectations.

MSTR - I commented at $238 that it looked like it wants to take a dump, currently trading a little lower at $229. I've got orders stacked from $222 down to $170 to reload approx 1/4 of what I sold in the run to $274, if the opportunity presents itself as bitcoin remains stuck in it's range pending a breakout higher to target $100k.

Your analyst leaving you with this final thought?

If stock A + B cost $1.10 and stock B costs $1 more than A then what is the price of stock A?

Leave your answers in the comments as we countdown to a yellow vested President Pump talking garbage as he throws chicken mcnuggets into the crowd.

Again for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $7 per month, lock it in now at $7 before next rises to $10 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.

Most Recent Analysis - Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season

CONTENTS
Bitcoin Seasonal Trend
BItcoin Breaking Out
Bitcoin Big Picture
MSTR $272 �� ️�� ‍��
MSTR Dream For Some WIll be a Nightmare for Most!
AI Stocks Portfolio Earnings Season
30th - Microsoft $427 - EGF's +2%, +19%, Dir +1%, PE 36.2, PE Range 89% / 38%
30th - KLAC $674 - EGF's +15%, +30%, Dir +14%, PE 28, PE Range 170% / 104%
30th - GPN $101 EGF +11%, +12%, Dir +7%%, PE 9.1, PE Range -295% / -335%
31st - Arrow $134 EGF -25%, -5%, Dir +14%, PE 10, PE Range 92% / 104%
31st - AMAZON $188 - EGF's +12%, +25%, Dir -7%, PE 45 , PE Range -94% / -203%
31st - APPLE $233 - EGF's -11%, +8%, Dir 0%, PE 35 , PE Range +161% / +127%
BPMC has left the building.
The Coming AI IPO Bubble
ISRAELS NUCLEAR BLACKMAIL
The US Dollar is FINISHED MANTRA
Bonds SUCK!
The Housing Market 18 year / 18.6 Year Cycle

Recent analysis includes -

Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump!

Stock Market October Correction Window Into Post US Election Rip the Face Off the Bears Rally

Also access to my comprehensive 3 part How to Get Rich series -

Change the Way You THINK! How to Really Get RICH Guide

Learn to Use the FORCE! How to Really Get Rich Part 2 of 3

The Investing Assets Spectrum - How to Really Get RICH

Here's what you get access to for just $7 per month -

※ Patrons Get FIRST access to all of my In-depth analysis and high probability Trend Forecasts, usually 2 full months before the rest of the world. Notified by Patreon by email as well as posted on this page and I will also send a short message in case the extensive email does not make it to your inbox.

※Access to my carefully constructed and maintained AI Tech Stocks Portfolio that is updated on an ongoing basis, that includes on going commentary and a comprehensive spreadsheet that features unique innovations such as the remarkably useful EGF's.

※A concise to the point Investing Guide that explains my key strategies and rules

※ Regular content on How to Trade & Invest incorporated into most articles so as to keep patrons eyes on the big picture and net get too sucked into the noise of price swings.

※ Access to my comprehensive How to Really Get Rich series of articles, clear concise steps that I will seek to update annually and may also eventually form a Patrons only ebook.

※ Access to conclusions from my ongoing market studies from a total of over 200 conducted studies over the decades. updated whenever the market poses a question to be answered. Also enjoy the fruits of R&D into machine learning such as the CI18 Crash indicator that correctly called both the pandemic crash (Feb 2020) and the 2022 bear market (Dec 2021) well before the fact.

※Join our community where I reply to comments and engage with patrons in discussions.

※ I will also keep my Patrons informed of what I am currently working on each month.

※ Influence over my analysis schedule.

My objective is to provide on average 2 pieces of in-depth analysis per month and regular interim pieces of analysis as market briefs. So over a 12 month period expect to receive at least 24 pieces of in-depth analysis. Though my focus is on providing quality over quantity as you can see from the extent and depth of my analysis which I deem necessary so as to arrive at that which is the most probable market outcome.

So for immediate access to all my analysis and trend forecasts do consider becoming a Patron by supporting my work for just $7 per month. https://www.patreon.com/Nadeem_Walayat lock it in before it next rises to $10 per month for new signup's.

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your buying the dips selling the rips analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.