Samwise Model Portfolios
The portfolios below are separated by launch dates. Each portfolio is entirely independent and has no bearing on any other model portfolio. We launch entirely new portfolios during each market correction as an illustrative tool for new subscribers who weren't present during...
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When clicking on the Baratheon portfolio above, it is still showing as holding 1 contract. Is it just because it isn’t updated yet or I missed a trade?
Not updated just yet
Ok, no problem. Now considering your revised expectations, would it be too bold for Baratheon to reenter into a call today? For holding until Jan 2 perhaps?
Yes. That’s too far. It’s all probabilities. The probabilities do weight in favor of more upside to come.
But overall when taking the totality of the circumstances, the chances of the market rolling over at any moment now are very very high across the board.
So while we expect the markets to continue higher over the next 3-5 days until the Santa Rally is over, there’s no high degree of confidence there because the market has reached that point where it can easily roll over.
The market has already entered a trading range that constitutes a retest of the highs. Meaning, it could peak any day now and it would fall in-line with the entire notion of retest. No one will look at this rebound and say, “That’s not a retest.” It’s already a retest at this point.
So the market can just as easily retreat right back toward the lows any day between now and January.
Quantum stocks have a beta most important than NVIDIA.
With correction, is it possible to see Rigetti computing again at 5$ and quantum computing at 2$ or there is too much buyers and speculation ?
everything is falling except the quantum which continues to explode day after day… is it a bubble?
Quantum stocks are still sky rocket…
Did you buy some or you wait for correction ?
?
Major sell off as of now. Santa Rally is cancelled?
Possibly. We are in a very high volatility period with big ups and downs. We need to see more selling to draw that conclusion. The QQQ needs to fall back under $510.
investors take their gains with year 2024 !
So the rally-correction cycle in terms of both duration (77-days) and distance (21%) both indicate that the market is a ticking time bomb. Whatever analysis we put out is immediately under risk because with the rally having extended to 77-days the market can decide to sustain a correction at any moment.
Today is a perfect example of that. Once you get to like 70-days on the rally, it always means there’s a high risk of a market correction in the backdrop of any forecast.