Market Hits A New High and Fades to Break Even, on Wednesday, Jan 24, 2024

The market opened to a new high but spent the last half of the day fading until the percent change was basically even.

AMD beats TSLA volume and goes up almost 6%. NFLX makes a 10% upward move on subscribers not caring about prices.

DOW closes red but the others are slightly green.

Magnificent 7 take the day. Most of them anyway.

After hours, TSLA breaks below $200 with a bad earnings call.

I am only trading long in the current market. I mostly spent the day with MSFT and some dividend S&P stocks with high RSI and a pullback below the 15-minute 200 SMA. TMUS COR SYK MCK

Here is the MSFT 3-minute chart.

Happy trading.

(This post is for entertainment purposes and is not investment advice. Most people lose money doing this.)