Thursday Wrap Up 4/28
Thursday we had another break from the free fall of the major indices. It appeared like somewhat of a short squeeze. Possibly earnings from the night before gave a little confidence to the bulls in the market. Crude started off the day without much movement until later in the trading session it jumped above $105 per barrel. Gold silver and treasury bonds' charts had strong correlations today as they climbed together as well. Bitcoin touched above 40000 briefly. Most of todays focus was after hours for earnings from Apple and Amazon. Chinese equities took a pause from the especially green day yesterday.
What GDP data? The market had a solid green day during its big move to the downside it has been in lately. This big bounce of a day corresponded with the release of GDP data that was worse than bad expectations.
What GDP data? The market had a solid green day during its big move to the downside it has been in lately. This big bounce of a day corresponded with the release of GDP data that was worse than bad expectations.
Technically speaking today was a beautiful breakout of resistance in the very recent price channel we are in. Green days like today make trading trend breaks well worth the wait. Long options made a killing today.
After hours the market was dragged down by some big names having a negative earnings response. Amazon, Apple, and Roku led the downturn after their earnings release.
Interesting to note that AMZN found some support in its after hours free fall near a support level created almost a year ago.
Roku was in a similar situation. Bouncing off of a ling term support after hours after a big dip.
Apples earnings were interesting. They seemed to have a great earnings report but hinted towards troubles in the next quarter. Price action looked good at first but eventually everything followed AMZN down.
Today was possibly a tiny break from the market downtrend. How long will this brief correction last before we go back down? Or was this the bear market bottom?
$Bilibili(BILI.US$ $Kaixin Holdings(KXIN.US$ $DiDi Global (Delisted)(DIDI.US$ $Baidu(BIDU.US$ $RLX Technology(RLX.US$ $Chindata(CD.US$ $Li Auto(LI.US$ $Alibaba(BABA.US$ $Tencent Music(TME.US$ $JD.com(JD.US$ $NIO Inc(NIO.US$ $PDD Holdings(PDD.US$ $Futu Holdings Ltd(FUTU.US$ $SPDR S&P 500 ETF(SPY.US$ $SPDR Dow Jones Industrial Average Trust(DIA.US$ $Invesco QQQ Trust(QQQ.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Crude Oil Futures(SEP4)(CLmain.US$ $Hang Seng TECH Index(800700.HK$ $Hang Seng Index(800000.HK$ $SSE Composite Index(000001.SH$ $SSE 50 Index(000016.SH$ $CSI 300 Index(000300.SH$ $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $Dogecoin(DOGE.CC$ $Twitter (Delisted)(TWTR.US$ $Netflix(NFLX.US$
$Bilibili(BILI.US$ $Kaixin Holdings(KXIN.US$ $DiDi Global (Delisted)(DIDI.US$ $Baidu(BIDU.US$ $RLX Technology(RLX.US$ $Chindata(CD.US$ $Li Auto(LI.US$ $Alibaba(BABA.US$ $Tencent Music(TME.US$ $JD.com(JD.US$ $NIO Inc(NIO.US$ $PDD Holdings(PDD.US$ $Futu Holdings Ltd(FUTU.US$ $SPDR S&P 500 ETF(SPY.US$ $SPDR Dow Jones Industrial Average Trust(DIA.US$ $Invesco QQQ Trust(QQQ.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Crude Oil Futures(SEP4)(CLmain.US$ $Hang Seng TECH Index(800700.HK$ $Hang Seng Index(800000.HK$ $SSE Composite Index(000001.SH$ $SSE 50 Index(000016.SH$ $CSI 300 Index(000300.SH$ $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $Dogecoin(DOGE.CC$ $Twitter (Delisted)(TWTR.US$ $Netflix(NFLX.US$
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solo invest : Hopefully the week will end good!
SpyderCall OP solo invest : agreed. hope is all the bulls have at this point.
Hammy Shark SpyderCall OP : Hopefully all short apple and Amazon and ignore this share.
SpyderCall OP Hammy Shark : hopefully
solo invest : We can only hope