Day 29: Rate Cuts
$S&P 500 Index (.SPX.US)$ are alive today, with the Magnificent 7 stocks putting on a show of mixed but compelling action! ![]()
• $Meta Platforms (META.US)$ : META leads the charge with a +1.12% gain, rocketing through the day as traders buy into its AI-driven future. Its high RSI of 81.66 signals that demand is strong, but it’s inching close to overbought territory. Meta’s momentum today reflects the market’s optimism for its ongoing transformation!
• $Alphabet-A (GOOGL.US)$ : Another star of the day, Google jumps +1.05%. With an RSI at 84.20, it’s one to watch closely, potentially facing a cool-off soon. The buzz around Google’s advancements in AI and cloud services has clearly captured investors’ attention, pushing it into powerful growth territory.
• $Microsoft (MSFT.US)$ : Not as aggressive as its peers but steady, Microsoft posts a +0.46% gain. Its RSI of 49.25 reflects a balanced position, hinting at solid support and possibly more to come. Microsoft’s consistent growth in cloud and AI positions it as a reliable player in this tech rally.
• $Amazon (AMZN.US)$ : Amazon takes a confident +0.29% rise. With an RSI of 64.57, it’s comfortably bullish, riding on continued demand for its cloud and e-commerce dominance. Amazon is quietly powerful today, showing resilience and room for more upside.
• $NVIDIA (NVDA.US)$ : Slightly up by +0.07%, Nvidia is moving carefully but positively. The RSI at 50.81 keeps it balanced, hinting at potential if investors decide to lean further into the AI narrative that Nvidia champions.
On the flip side:
• $Apple (AAPL.US)$ : Apple sees a minor dip, down -0.04%. With an RSI of 56.64, it sits comfortably in neutral, potentially recharging for its next move. Apple’s stability makes it an anchor in today’s market storm.
• $Tesla (TSLA.US)$ : Down by -0.18%, Tesla faces slight resistance with an RSI of 59.50. It’s hovering near neutral, suggesting that investors are watching closely amid competitive pressures in the EV space.
• $Alphabet-A (GOOGL.US)$ : Another star of the day, Google jumps +1.05%. With an RSI at 84.20, it’s one to watch closely, potentially facing a cool-off soon. The buzz around Google’s advancements in AI and cloud services has clearly captured investors’ attention, pushing it into powerful growth territory.
• $Microsoft (MSFT.US)$ : Not as aggressive as its peers but steady, Microsoft posts a +0.46% gain. Its RSI of 49.25 reflects a balanced position, hinting at solid support and possibly more to come. Microsoft’s consistent growth in cloud and AI positions it as a reliable player in this tech rally.
• $Amazon (AMZN.US)$ : Amazon takes a confident +0.29% rise. With an RSI of 64.57, it’s comfortably bullish, riding on continued demand for its cloud and e-commerce dominance. Amazon is quietly powerful today, showing resilience and room for more upside.
• $NVIDIA (NVDA.US)$ : Slightly up by +0.07%, Nvidia is moving carefully but positively. The RSI at 50.81 keeps it balanced, hinting at potential if investors decide to lean further into the AI narrative that Nvidia champions.
On the flip side:
• $Apple (AAPL.US)$ : Apple sees a minor dip, down -0.04%. With an RSI of 56.64, it sits comfortably in neutral, potentially recharging for its next move. Apple’s stability makes it an anchor in today’s market storm.
• $Tesla (TSLA.US)$ : Down by -0.18%, Tesla faces slight resistance with an RSI of 59.50. It’s hovering near neutral, suggesting that investors are watching closely amid competitive pressures in the EV space.
Today’s market action is electric, with the Magnificent 7 showing resilience, ambition, and a powerful mix of steady and rapid growth! Keeping an eye on these stocks—they’re setting the stage for a strong close to October. 💥📈
Learning new Strategy : Iron Condor ![]()
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