Evening Aftermath

By Tim Knight of Slope Of Hope

Wednesday, October 23, 2024 8:40 PM EDT

Cars Parked In Front Of Company Building

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This is, at last, the first interesting evening of earnings in this cycle, and Tesla (TSLA) is knocking the doors off, with a lift-off of about 7% based on strong earnings. This would completely seal the gap from October 10th.

Lam Research (LRCX) is likewise enjoying a rally.

In sharp contrast to this, International Business Machines (IBM) is tumbling, presently down about 4%.

What’s exciting to me is that the /ES is absolutely beautifully poised to have this kind of action in the hours and days ahead:

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

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