Be careful taking chances with this current market. I just wanted to show how brutal today’s market was. Everyone thought NVDA saved the day at the open this morning; it did not.

This afternoon after the markets closed, Nvidia reported earnings. Let’s just say they had another blowout quarter, and even their outlook report was positive. We are going to get a tech push tomorrow, because the S&P 500 is heavily weighted in NVDA, GOOGL, GOOG, MSFT, APPL, AVGO, and META, the S&P will likely have a good day.

The markets are slowly bleeding lower, and so far November is not living up to being one of our strongest months. Because there was such a long and large run-up since April 15, it should not shock us to see a pullback or a reversal of trend. So let me take a little time to explain where I think we are and what we do now.

The explanation is located below the ‘Read More’ section if you are not signed in.

Today was bloody, and it might not be better tomorrow.

There’s not much to be happy about, unless, like me, you’re the owner of Google stock. I need to write a post about our TSP tonight, so let’s get going.

Half the month of November has already passed, and so far the month has not been kind. Will we get a surge higher? What are the charts saying as of the close Friday?

I reluctantly spent one of my two moves this week, and when I show you the charts, you will see I had no choice. So let’s get busy.

I dislike indecisiveness, and that is the situation we are facing. Sometimes you take a risk, and other times you don’t.

I am afraid it looks as awful as it is. Is there a move required tomorrow?

Did you bail out Friday? Did the opening drop scare you? Or, did you ride it out?

My iPhone was buzzing Friday morning with text after text to sell, sell, sell.

What did I do?

At 11:30 AM, I saw the message below on my iPhone and email.

What does it mean?