To The Moon

Market Overview The overall market showed a positive trend, buoyed by corporate earnings surpassing expectations. Investors have been cautious due to concerns over rising interest rates, but strong earnings reports, especially from major companies like Disney$Walt Disney(DIS)$  , are helping lift market sentiment. As of Thursday, stocks saw an upward move with particular attention on growth stocks like Disney. Disney Earnings Surge: A Sign of Recovery Disney’s recent quarterly earnings exceeded analyst expectations, signaling strong operational recovery and growth. The company issued upbeat earnings guidance for the next three fiscal years, a positive sign that the "old Disney" might be making a comeback. The ris

In my years of trading and investing, I’ve learned one hard rule: take profit when you can—then it’s your money. Let’s discuss the Nasdaq (NASDAQ 100). Has it broken to new highs? Yes, the price is indeed bullish. However, technically, the price is nearing the top of an equidistant channel, which often represents a supply or resistance area. While the overall trend remains up, the first critical “danger point” to watch is 20,650. This was the previous all-time high, and price must stay above this level; otherwise, it could be deemed a “wash and rinse” (also known as a fake move). A break below 20,650 would close the first gap (shown in green). There are two gaps in the Nasdaq—green and orange—created when Trump won the presidential election, causing the market to enter a state of euphoria.