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Pre Market NOV 1, 2024

Pre Market NOV 1, 2024

pre market

November 01, 2024

Stocks are green here in the Pre Market today

AMZN… Yes, please and thank you… After beating earnings yesterday it’s now up over 7% here in the Pre this morning. Meaning it is now up over $200.00 a share, a longggggggggggg over due ATH…..

INTC is up over 7% earnings beat
NVDA back above 135
AAPL is down 1.80%

SFM:::::
When it smashed earnings the other day it did so with conviction. It’s now up over 2.25% here in the Pre. It’s a go, and as we said here at theoptionscoach.net we love it. A few of you wrote me after it’s monster beat thanking me for posting about it so much these past months. A few investors got in at different levels on it’s way up. Strength. I’ve said since day one that “Strength typically creates more strength where as weakness creates more weakness” SFM is turning out to be the strongest of the strong.

This week has been a mixed bag with earnings. Yesterdays massive selloff took investors by surprise, we all know this now. Last week I spoke about doing a “rebalance” with our Model Portfolio. Between the big hits and misses both, and today being the first day of the new month, the rebalance report will come out this Sunday night.

Today is NOV 1, 2024. Historically the month of NOV the S+P 500 rises 6.2% over the past 5 years. The Jobs report will be released this morning, if it’s favorable, combined with good earnings news yesterday, this NOV could be off to a good start

S+P 500 Support at 5,700
Time to grind

The Options Coach

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