Trading Charts with Tim Knight

Success in Shorts Amid Minimal Declines

| Nov 12, 2024
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    Trading Charts with Tim Knight

    Success in Shorts Amid Minimal Declines

    Nov 12, 2024
    Tim Knight discusses a red trading day with minimal declines in the ES and NQ, highlighting successful short positions and skepticism toward a strong post-election rally. Bitcoin futures reached over $90,000 but look unstable. He notes Tesla's volatile $40 drop, Palantir's sharp ascent, and energy stocks' consistent gains. Emerging markets and Chinese stocks face downturns despite stimulus efforts. He forecasts housing market struggles with rising interest rates and anticipates further bond market corrections pending the upcoming CPI release.

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