Market Review+Position Analysis (24/06-28/06 2024)
Last week in review 👉🏻Market Review+Position Analysis (17/06-21/06 2024)
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ distributed on Fridays;
$S&P 500 Index(.SPX.US$ distributed on Fridays;
$Russell 2000 Index(.RUT.US$ Attracting funds on Friday.
RUT>SPX>NDX.
This week, RUT was used to replace DJI for broader analysis. The market breadth improved slightly this week. I was impressed by the sharp contrast between RUT's efforts in the last 30 minutes of Friday and NDX/SPX behavior.
Weekly chart: NDX and SPX raised last week's new high by 1 centimeter, and the Big Three companies are currently not very attractive; RUT seems to be building a launch platform near the 30-week line, and we should see it launch before interest rates are cut.
Market sentiment:
Benefiting from a slight recovery in the AAII bear-watching ratio after Wednesday's session, the market's trend on Thursday and Friday was relatively good. Remember to check before Thursday 👀
Fear & Greed Index: Still below 50, but there is a slight improvement in breadth.
Current profit and loss ratio of positions:
wherein $Carvana(CVNA.US$ (RS 99) $Kaspi.kz(KSPI.US$ (RS 89) $Amazon(AMZN.US$ (RS 92) $Royal Caribbean(RCL.US$ (RS 94) $Super Micro Computer(SMCI.US$ (RS 99) Please see the previous one 👉🏻Summary of this week's deals (24/06-28/06 2024)
$Palantir(PLTR.US$ (RS 94) After two days of massive distribution last week, the first three days of this week cooled down. The slightly higher trading volume returned to an upward trend on Thursday and Friday. The “pendulum effect” has not yet been completed, so keep watching.
$Shift4 Payments(FOUR.US$ (RS 79) has now broken out of the small clean-up range and is preparing to test the 75 price range, and slowly look at it day by day.
$Tesla(TSLA.US$ (RS 26) Finally got out of the 7-week consolidation range. Don't be misled by the downward trend line on my chart. It was a trend line that had already been broken through in December of last year. Next, I want to test the 200-206 range, and after 200-206, I want to test the weekly chart's downward trend line that started in 2021... step by step.
$Netflix(NFLX.US$ (RS 95) Since some profit has been locked in before, the trend is far from extending. There are still 12 trading days until the financial report, and the cuts will continue until the earnings report.
$Coherent(COHR.US$ (RS 97) has been adjusted to a comfortable size and has sufficient mobility to continue riding.
$TG Therapeutics(TGTX.US$ (RS 90) There was a slight squat movement after breaking through. Currently, it is still above 10MA. The three moving averages are not far away. 50MA has already surpassed the original stop loss. Currently, it is still optimistic, and the stop loss remains unchanged.
$Western Digital(WDC.US$ (RS 96) Just successfully tested the 50MA on Thursday. Currently, it is still adjusted within the range. Be patient, and the stop loss remains unchanged for the time being.
$Crocs(CROX.US$ (RA 93) experienced the impact of Nike's poor outlook and currently holds 50MA, and the stop loss remains unchanged for the time being.
$TransMedics(TMDX.US$ (RS 99) After being cut to a free ride state, I almost never watch it. Currently, it seems to have exceeded expectations. The 50MA has caught up with the stop loss line, kept the stop loss unchanged, and gave it freedom to play.
$Marathon Digital(MARA.US$ (RS 92) is still being sorted out within the range. Although BTC was shrouded in fear last week, IWM's performance has already begun to look good. Most small and medium-sized miners have performed well. There were no great operating opportunities last week. The moving average has been entangled for a while, to see if it needs to continue to adjust or start directly.
Current share of cash: 11.45%
Tomorrow brings you a summary of the second quarter of this year~
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
