Pre Market NOV 4, 2024

pre market

November 04, 2024

Stocks are green’sh for the most part here in the Pre Market, don’t be misled, they are not rockin to “da moon”

NVDA being placed into the DOW is helping it here this morning as expected. It still needs to cross over and hold ABOVE that 140 mark

FIS which is a new addition to out Model Portfolio is up almost 2% already here in the Pre
GATO, an unknown name that is on our “standby list” is also up almost 2%

GRMN is seeing some profit taking here, that might be the shortest lived play that we have ever had, we will be watching it closely here, it could offer a fresh entry in the way of buying on the dip, or go south. We like the first option better

AMZN is only a hold here, ( means do not add any more here, not yet ) letting it do it’s thing and looking for it to capture 200. If it fails its next levels of Support are the 195 and 191 areas

META, I only mention this in case anyone was considering buying on the “the cheap” It’s down again this morning, and there is a reason. That reason is that investors have not forgiven it for it’s missteps that caused it to lose on earnings. 550 is still the near term price target

S+P 500 Support is now at 5,700
It’s currently not as strong or as stable as when it was up over 5,800
Time to grind

The Options Coach

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