Double Top Pattern?

It seems like every broad market index (S&P, Nasdaq, DOW) is starting a decline from their second peak in a Double Top pattern. If the pattern holds it won’t be confirmed until support at the trough between peaks is broken again, then it’s likely to go lower from there. Are we in for another year of pain or are there other bullish patterns forming to hope for? 🤔 I’m not familiar at all with market patterns, so feel free to discuss any thoughts on the matter

Any good media creation companies to invest that benefit from AI?

Hey

ADBE actually did pretty good these past month relative to other tech companies (excluding Nvidia). I suspect this might be due to its new features involving AI like the generative fill took in photoshop. I work in VFX and it is frankly quite incredible. I see new innovations in Image creation with AI, most recently the one where you can costumize text or shapes that the AI replicates, that can be implemented in the future. After effects is also bene

McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 years

https://www.cnbc.com/2023/09/22/mcdonalds-to-raise-royalty-fees-for-new-franchised-restaurants.html

  • McDonald’s franchise royalty fees for U.S. restaurants will rise from 4% to 5% for operators opening new locations.
  • The fast-food giant hasn’t hiked royalty fees in nearly three decades.
  • While the change won’t affect many
Do you talk about stocks to strangers, friends, family like a normal conversation?

In my family, money is a very sensitive subject. My mom always tells me not to talk money with anyone. When I trade stocks or own stocks I don’t tell anyone.

Do you talk about stocks like a normal subject?

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MCD has outperformed the market forever.

Going through portfolio visualizer and mcd has outperformed in almost every time frame I can find.

Even recently, the last 2, 3 and 5 years MCD has outperformed vti.

Even over the lost decade after 2000 mcd had a cagr of 13.8% vs. Vti at about 2.6%.

Yes, mcd is now occupying 5% of my portfolio!

And I had PEP, but got rid of it in favor of MCD as mcd appears to even outperform PEP

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SEC slaps Citadel Securities LLC with $7 million fine to settle short selling charges

Stories like this feed into certain cult stocks, where users think the "hedgies" are conspiring to keep the stock down, while ignoring the hundreds of millions of new shares issued by the company, looking at you AMC.

Then the hedge fund issues a lame statement trying to excuse their illegal behavior, only feeding the conspiracy minded members of the cult of AMC and others.

A Citadel spokesperson told CNBC that the matter “

Incredibly “Insightful” Trader Pockets $10M on a $22k Investment

https://tokenist.com/incredibly-insightful-trader-pockets-10m-on-a-22k-investment/

In a stunning turn of events, an unidentified investor defied all conventional wisdom within the traditional stock market by achieving an astronomical 45,650% return on their investment. Typically, such meteoric gains are associated with the volatile crypto market, but this rema

Currently sitting on $100k in ATRFX. Total Return is around +30% over the last year – should I sell and reallocate? Or, stick to this winner

Most of the investments I made last year are down.

One silver lining, however, is ATRFX, which is up ~30%. I’m considering selling ATRFX and reallocating towards some of the stocks that are down. Is this a good idea? Or should I stick to a winner? ATRFX isn’t really a typical stock but a mutual fund strategy that thrives on market volatility (lol). So, maybe it’s not such a bad idea to keep the stock in the next few months?

What do you guys recomme

Is a mix of VOO, SCHD, SCHG a good start for a Roth IRA at 28?

Im just now starting investing and feel somewhat late to the game. My thought process is VOO for “safe” growth. SCHD to start building the dividends, and SCHG (maybe FTEC) for some more aggressive growth. My only concern with VOO is with it lacking the small market companies, and I don’t really have the income currently to add other stock to that mix to help the diversification, but I’m opening to start adding something like AVUV down the road. I’m more wonderin

So Many Ways to Play The Stock Market

Anyone else always unable to decide how they want to play the stock market? There's so many ways to invest, which can be done exclusively or used concurrently.

  1. Growth stock investor likely in tech
  2. Value investor looking for undervalued opportunities like Paypal/DG plausibly
  3. Dividend investor wanting return on capital like buying Altria (MO 9% div)
  4. Gambler buying options and hoping to strike it big
  5. Theta gang c

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