On November 20, 2024, Eli Lilly and Company ($LLY) experienced a notable rebound, with shares bouncing back from lows below $720, contributing positively to the Dow Jones Industrial Average (DJIA). The stock's performance was highlighted by traders who reported significant gains during the day's trading session. Additionally, the broader market saw growth in momentum stocks, with the FFTY index rising by 3% compared to a slight decline of 0.3% in the QQQ index. The VIX remained strong around 19, indicating ongoing market volatility. Traders discussed various strategies for navigating the market, including the identification of bearish and bullish trends, and specific setups for trading the SPY and QQQ indices. Overall, the trading community emphasized the importance of understanding market dynamics and employing effective trading techniques to capitalize on movements in growth and momentum stocks.