Will October Hit New Highs or Repeat October Effect?

U.S. stocks plunged on the first day of October trading as UVXY surged 11%. The Nasdaq and S&P 500 fell about 1%. A senior U.S. White House official said there are indications that “Iran is preparing to launch a ballistic missile attack on Israel.” August and september also started the month with a big drop and bounced back. Will october repeat the same trend? Are you ready for October effect or October high? Which is more possible to happen? What's your trading plan for October? Avoid high volatility or embrace it?

avatarSamlunch
10-05 23:35
$Invesco QQQ(QQQ)$   👇🏻 $QQQ I think this chart doesn't need any explanation. Clean as it can get. LETS FILL THE BEAR GAP. PT: 496.5 Once the beat gap is filled it will act as resistance. That can give us a good move to the downside to make that higher low. Higher lows are not bearish. Higher low yielding can take QQQ back to 505 and 515 target above in the mid term sense. 2025 Q1 targets possibly earlier.
avatarSpiders
10-05 00:38
In recent days, my Occidental Petroleum (OXY) stock has been performing exceptionally well, largely due to the increase in oil prices driven by mounting concerns over escalating tensions in the Middle East. While I am relieved to see the value of my investment rise, I find it difficult to take genuine satisfaction from this outcome. On one hand, the increase in oil prices undeniably benefits my portfolio. But on the other hand, I cannot ignore the troubling reasons behind this spike. It is unsettling to think that my financial gain is indirectly tied to instability and conflict. The turmoil in the Middle East, which has far-reaching and devastating consequences for countless lives, is not something anyone should celebrate. Though the increase in oil prices is not something I control, I sti
avatarnomadic_m
10-04 18:41
Trading strategy for navigating October's election-driven volatility involves a dual-pronged approach. We will lock in profits on satellite positions, trimming exposure to high-risk assets, while simultaneously identifying opportunistic entry points to buy the dip on core holdings with strong fundamentals. This tactical shift will also involve adjusting position sizing, tightening stop-losses, and selectively allocating capital to quality stocks exhibiting resilience. By balancing risk management with strategic buying, we aim to capitalize on market fluctuations and maximize returns amidst the uncertainty.
avatarhighhand
10-04 09:58
Oct will be higher than Sep but there will be volatility still. However, if you notice the retracements are getting smaller and smaller since Aug and Sep. that means lower lows, so we are going higher. S&P previous highs is acting like support as we break into a new high for S&P... just buy good stocks on dips and wait for new highs.
avatarIykyk
10-04 08:03
Uptober. Let's go higher
avatarSamlunch
10-03 14:04
$SPDR S&P 500 ETF Trust(SPY)$   📈 $SPY Consolidating! • SPY has been consolidating for days and it looks like its making a higher high on the higher timeframes. • Where is the higher low you ask? Yes that is the question I am asking myself everyday going into the seasonally worst month during Election years. • Above is also the reason why I am sizing smaller and staying cautious. In a bull market though the drop you saw on the left is kind of rare to see but a break off the range lower has a quick and swift move lower. • Any Oct shenanigans I would be buying the dip into the end of the year. • Alright, back to focusing on the shorter time frames, We have a bear gap that is open and needs to be filled this we
avatarjislandfund
10-03 11:37
a drop could be an opportunity to gain later
avatarAN88
10-03
Buy buy buy and keep keep keep
avatarMrzorro
10-03
I guess this October will be October high as the rates cut and US election on going..Most company reports, and the market seems like 🚀🚀🚀  even high volatility will occur, but I believe that many opportunities also arise. Good companies in good price? let's see [Miser] [Miser] [Miser] Prepare for a roller coaster ride to the moon 🌙
avatarKYHBKO
10-02
Let us remember to take some profits. Profits are not profits until they're realized. 
Looking like it man...
avatarIykyk
10-02
Uptober. Up only pls
I believe the market has ran it's bull course and October will be month for correction since September's rally was due to the Fed's decision to cut rates. Be careful and be patient. React to the market accordingly. My call is that October will be RED based on my analysis 
Bull traps incoming, same trend different execution 
avatarSap
10-02
The Current geopolitical conflicts like the Iran-Israel tensions, can anytime take a larger shape so trading requires caution and a well-thought-out strategy. long term investors should be fine but day trading and options player must be cautious.keep an eye on Market volatility: Increased uncertainty leads to price swings. Some safe sectors could be  Defense, energy, and healthcare. Have a Conservative to moderate approache ,Reduce exposure to risky assets, ⁠Increase allocation to bonds, gold, Don't forget to ⁠Buy the dip: Opportunistic buying during market downturns Some proven stocks in testing times, Lockheed Martin, Raytheon  ExxonMobil, Chevron. Better to stay away from airline and travel sectors, oil. 
$NVIDIA Corp(NVDA)$  Currently don't really see any of these short-term issues affecting the long-term of NVDA and broader market. Based on our past experiences, this is a good entry for those who missed the Micron Rally earlier. The concerns of the pending job reports, war in Middle-East, and China rallies are overdone.  The war in middle-east has been ongoing for awhile now, and we see that Israel is getting closer to their objectives. Even though Gaza was the trigger point, Iran is actually the real culprit behind this. A direct confrontation might not be able to avoid, but we don't expect other middle-eastern countries getting involved other than Iran. Chinese rallies are strong but the underlying issu
$HSI(HSI)$  $SGX Nikkei 225 - Dec 2024(NK2412)$   $SSE Comp(000001.SH)$  Buffett's Bet: Japan Over China in Uncertain Times Written by Shernice,if you like my article please hit the like button. The market's biggest concern right now is uncertainty.  When there’s uncertainty, the willingness to buy diminishes, and the volume of purchases shrinks.  That's why we see Bank of America's strategy being quite conservative, with the sentiment that nothing seems like the right investment.  If you buy stocks, it feels risky, as the market seems greedy.  If you buy bonds, Powell
avatarSpiders
10-02
The first day of October was tough for U.S. stocks overall, as the market faced a downturn. Despite the broader market challenges, there was some positive movement within my portfolio. For instance, Occidental Petroleum (OXY) saw a noticeable uptick in its stock price, likely driven by rising tensions in the Middle East, which often leads to increased demand for energy stocks. Additionally, my positions in long-term Treasury bonds, particularly TLT and TLH, also posted gains, benefiting from their defensive nature in times of uncertainty. However, not all of my investments fared as well. Several other stocks in my portfolio experienced declines amid the broader market sell-off. As I assess my portfolio's performance, I am keeping an eye out for undervalued companies that could present good
Written by Shernice, if you like my article, please hit the like button.  XOM, CVX, TSLA, BABA, Li, XPEV, BYD $Tesla Motors(TSLA)$  $Chevron(CVX)$  $BYD COMPANY(01211)$  $Chevron(CVX)$  Yesterday, the S&P 500 dropped by 0.93%, ending a period of oscillation at a high and unexpectedly slipping downwards. The close came with a downward wick on a bearish candle, a sign that things aren’t looking too promising. After hitting new highs, the S&P has now stalled, and under pressure from negative news, it's testing lower levels for direction. Yesterday’s adjustment saw t