Market Review+Core Position Analysis (12/02-16/02 2024)
Previous review portal 👉🏻Market Review+Core Position Analysis (05/02-09/02 2024)
“Depending on the size of your portfolio and risk tolerance, you should generally own 4 to 6 stocks, and maybe as many as 10 or 12 for larger portfolios.” -Mark.Mivernivi
A quick review of this week's market behavior:
$NASDAQ 100 Index (.NDX.US)$ Dispatched on Tuesday, divided by week, distributed on Friday;
$S&P 500 Index (.SPX.US)$ Distributed on Tuesday and attracted funds on Thursday;
$Dow Jones Industrial Average (.DJI.US)$ It is distributed on Tuesday, and raised on Thursday.
SPX>DJI>NDX
The market has been going back and forth for the past month, doing one thing, switching between big technology/AI concepts and the overall breadth of the market.
NDX and SPX weekly charts: SPX continues to be pressured by the upward trend line, and potential future pullbacks or sideways movements in the market are likely events.
In terms of market sentiment:
AAII continues to be between 40% and 50%, and the proportion of bear-watching has reached the highest level in nearly four weeks. Please refer to the market chart on 29/01-02/02;
The Fear & Greed Index continues to fluctuate near extreme greed, and the mood remains unfavorable in the short term.
Core position analysis 👇
$Super Micro Computer (SMCI.US)$ It has been analyzed separately in advance, portal 👉🏻SMCI 👇 will be analyzed separately this week
$NVIDIA (NVDA.US)$ This week has begun a break. The daily chart may potentially test 21MA. The weekly chart is a bit too far from 10MA. The post-market earnings report next Wednesday will pay attention to the price reaction. Its huge market value and excellent liquidity are worth a little more patience and keep riding 🚴🏻
$Palantir (PLTR.US)$ I've had a great break this week since breaking through the first base. I love this move. The potential is to continue adding settings. The price needs to prove itself first. The daily and weekly charts need to slowly catch up with the moving average and keep riding 🚴🏻
$Meta Platforms (META.US)$ It continues to be at rest, and the daily and weekly charts are quite stable, I'm not worried about it at the moment, be patient, and keep riding 🚴🏻
$MongoDB (MDB.US)$ The trading volume has become dry in the last three days, the weekly chart shrinks and falls. Next month's earnings report, given my ultra-low risk entry point, I'm not particularly worried in the short term. Be patient and keep riding 🚴🏻
$CrowdStrike (CRWD.US)$ The daily chart continues to build stairs, and the weekly chart is still under pressure, and it has backtested the previous breakthrough line in the large-scale teacup pattern. It has been held for more than three months. I want to hold it for longer to gain some new psychological experiences, be patient, and keep riding 🚴🏻
Core position performance this week (see QQQ):
QQQ: -1.48%
SMCI:+8.51%
NVDA:+0.67%
PLTR:+0.25%
META:+1.11%
MDB:-7.16%
CRWD:-0.03%
Core position YTD performance (see QQQ):
QQQ: +5.14%
SMCI:+182.60%
NVDA:+46.63%
PLTR:+42.34%
META:+33.72%
MDB:+13.75%
CRWD:+28.95%
Date of peak price intensity of core positions (see NDX):
NDX: 19/12/2023
SMCI:15/02/2024
NVDA:05/02/2024
PLTR:12/02/2024
META:02/02/2024
MDB:09/02/2024
CRWD:15/12/2023
Current cash position: 17.17%
“If you can't find a way to make money while you sleep, you'll work to the death.” - Warren Buffett
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
StellarXing : Please tell me. I previously made two ultra-short-term trades after the Pltr price broke through, and now I'm considering holding a position for a while. Is the current time point suitable for opening a position? Or should I wait patiently for it to break through the current high/pressure level before considering opening a position? Or should we continue to watch and find the right place to open a position while waiting for the market to recover?
StellarXing StellarXing : I'm not asking for investment advice; I just want to hear your opinions. Make my own disclaimer![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
sTone83 OP StellarXing : For stocks such as NVDA META, I would choose to add them near the pullback moving average at the beginning of the upward cycle after breaking through. For PLTR, I choose to add them only after the price breaks through the key resistance level. The current market value and liquidity of the stocks determine when to add the most beneficial time.
Also, when trading stocks, I usually ignore the potential behavior of the market because this subconscious mind has repeatedly prevented me from buying stocks at the best entry point last year (including recent apps, TTD, LUNR).
Finally, the mindset of doing ultra-short-term trading and trend swing trading is very different.
Just a personal opinion.
StellarXing sTone83 OP : Thanks for replying! The potential behavior of the market you are referring to is the potential speculation that the market will pull back recently?
Ondo sTone83 OP : What is the potential behavior of the market
151083369 : Oh god, what do you think after MDB broke through the base, it went back in the past two days and fell below EMA 20
sTone83 OP 151083369 : They are all shrinking and falling, but if the closing price is below the minimum resistance level of the original 6-month base, I will just exit first