Good evening, brothers!
In my opinion, the money made from profit growth is the easiest to earn; you just need to estimate the company's future free cash flow. Earning money from valuation increases is relatively harder, as it requires the cooperation of "Mr. Market." If you earn from valuation discrepancies, that's great; if not, it's okay—just maintain a calm mindset. Making money from stock market fluctuations is actually not as simple as many think; most beginners end up losing a lot of time and paying hefty commissions. Value investors primarily earn the first type of money.
The stock market plummeted yesterday; everyone must be panicking, right?
However, from a long-term market perspective, such a significant drop is a good buying opportunity, as I have many examples of making money from market declines.
……
The recent fluctuations in the U.S. stock market show that Nvidia couldn't save the market, but a senior Federal Reserve official seems to have done so.
Nvidia's quarterly performance and guidance released after the market closed on Wednesday were impressive, but they couldn't prevent the significant drop in the U.S. stock market. On Thursday, the U.S. stock market opened high but fell low, with the S&P 500 index rising 1.9% in the morning before closing down nearly 1.6%. However, after Federal Reserve's "third-in-command," New York Fed President John Williams hinted that the Fed might cut rates again in December, the U.S. stock market rebounded on Friday, with all three major indices rising over 1% at midday. U.S. Treasury prices accelerated their rise, with yields declining for the second consecutive day.
Williams stated on Friday that he believes there is "room for further adjustments" to interest rates "in the near term." Investors quickly interpreted this as a strong signal for a rate cut in December, with the market's expectations for a December rate cut by the Fed jumping from about 40% before Williams' speech to over 70%.
BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.
On the daily level, the price continues to be suppressed by multiple moving averages, showing a weak price trend.
In summary, the support level is 83400, and the resistance level is 84000.
ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 2700 and a resistance level of 2720.
LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 80 and a resistance level of 84.
BCH: The price continues to stay near the upper band of the Bollinger Bands, showing a strong price trend. The short-term market is oversold, so it may be appropriate to reduce positions and take profits, with a support level of 520 and a resistance level of 560.
That's all for now, good night!
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