Bear Bear Craig wrote a post · Oct 12, 2024 18:25

US Market Outlook 14-18 Oct 🔥📈

$S&P 500 Index (.SPX.US)$ broke 5800 on Friday night and set new highs (again)🥳 That sets the momentum strong for the last quarter of earning seasons! My favourite $NASDAQ 100 Index (.NDX.US)$ has also broken it’s psychological 20,000 mark 🔥

If you have followed my last 🏦Market outlook 7-11 Oct 2024 congrats! Was pretty on track for my insights to have called on bullish momentum for $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Vanguard S&P 500 ETF (VOO.US)$ as well as $NASDAQ 100 Index (.NDX.US)$ to range between 19700-20300 (hit 20303 before closing at 20271. Also, last week provided decent ratings on $JPMorgan (JPM.US)$ $Wells Fargo & Co (WFC.US)$ and they 🚀 decently. $NVIDIA (NVDA.US)$ broke $130 and momentum still intact. $Tesla (TSLA.US)$ Robotaxi was a bummer event for most investors, I would add more only at $200 region for now.

SO… what’s the outlook for next week bear bear Craig? (14-18 Oct)

Earnings call by each day as detailed below with it’s rating outlook.

Monday:The big focus is on China’s new economic boost plan over the weekend which might help their real estate and stock markets. Consider the usual suspects: $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Hang Seng Index (800000.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $XIAOMI-W (01810.HK)$ $Futu Holdings Ltd (FUTU.US)$ $Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR.US)$ $iShares China Large-Cap ETF (FXI.US)$ $Invesco China Technology ETF (CQQQ.US)$ $MSCI Chinese Index (LIST2614.US)$ 6/10 ⭐️

Tuesday: $Charles Schwab (SCHW.US)$ 5/10 ⭐️ $Bank of America (BAC.US)$ $Bank of America (BAC.US)$ 7/10 ⭐️ $Citigroup (C.US)$ 6/10 ⭐️

Health care companies also reporting their earnings: $Walgreens Boots Alliance (WBA.US)$ 6/10 ⭐️ $Johnson & Johnson (JNJ.US)$ 5/10 ⭐️ $UnitedHealth (UNH.US)$ 7/10 ⭐️

Wednesday: $Morgan Stanley (MS.US)$ 7/10 ⭐️ $Abbott Laboratories (ABT.US)$ 4/10 ⭐️

Thursday: $Taiwan Semiconductor (TSM.US)$ $Netflix (NFLX.US)$ 7.5/10 ⭐️
Friday: $Procter & Gamble (PG.US)$ 6/10 ⭐️ $AMEX (AMEX.US)$ 7/10 ⭐️

🔮: Don’t fight the bulls. Last quarter of the year is usually period for window dressing, especially when Nov election is near. Market may suprise us over and over again. This week $Financial Select Sector SPDR Fund (XLF.US)$ will be 🔥 Will there be Christmas rally to bring $S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ to new heights? 8/10 ⭐️

$S&P 500 Index (.SPX.US)$ bullish momentum intact. Thursday and friday may see some light retracement (best time of bears to cut losses/load more for bulls before year end) week range 5775-5890. $NASDAQ 100 Index (.NDX.US)$ welcome back to 20,000. Week range 19900-20750. $NVIDIA (NVDA.US)$ to stay within range 130-137 $Tesla (TSLA.US)$ won’t be touching till it hits 200 and below.

⬆️ Any stars above 7, do consider.

While S&P500 has made at least 5 highs. NDX100 has yet to claim new highs, many opportunities!

📝: Due to my busy work schedule for year end, I aim to update 2-3 times per week only. So keep a lookout! Many Opportunities will be shared.

If you like me to comment of any of your positions, comment ⬇️

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

982K Views

Comment

Foodie Investor : What does the rating mean? On a scale of 1-10 to buy or to short?

Report
Reply

Cancel Reply
Bear Bear Craig OP Foodie Investor : 1 weakest buy
10 strongest buy

Report
Reply

Cancel Reply
溫馨提示 : Make this unbalanced scale (only for short traders) all bs

Report
Reply

Cancel Reply

Bear Bear Craig

Hi I’m @whyalwayschin. Investment Mantra: Swim with the big boys!

298

Followers

Following

867

Visitors