NVDA
NVIDIA
-- 115.990 TSLA
Tesla
-- 272.040 PLTR
Palantir
-- 84.400 TSM
Taiwan Semiconductor
-- 180.000 SMCI
Super Micro Computer
-- 39.140 
Market Review + Holding Positions (02/12-06/12 2024)
Last week's review 👉🏻Market review + Holding positions (25/11-29/11 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ And $S&P 500 Index (.SPX.US)$ Accumulate positions on Mondays and Wednesdays;
$Russell 2000 Index (.RUT.US)$ Distribution on Mondays and Thursdays, accumulation on Wednesdays.
ndx > spx > rut.
NDX showed good relative strength this week, catching up with many previously lagging, large cap stocks are starting to show signs of recovery. Looking back at the recent market, there has been a rotation between large cap and small cap stocks. Similar to the past healthy uptrend, the market is doing the same. SPX has slightly slowed down its pace, while RUT has also somewhat relaxed its tight rubber band. BTC suppressed many sluggish contract participants around the 100,000 level on Thursday, and stabilized towards the end of the week. Biotechnology and semiconductors are still relatively lagging behind, but there are slight signs of accumulation.
Weekly Charts:
No significant changes, the upward trend remains intact.
Breadth:
Still in the green;
The breadth and market index fit set by individuals have shown significantly better feedback in recent months than those well-known breadth indicators, and the setup is also very simple:
The total number of stocks where the price is above the 50MA and 200MA, and the 50MA is above the 200MA.
The total number of stocks where the price is below the 50MA and 200MA, and the 50MA is below the 200MA.
Corresponding to the SPX index usage, you can see a more complete picture, thereby simplifying the perception of market behavior.
Weekly Notes:
In this week's trades within the system: VERA, TVTX, UNFI, GME's Relative Strength slightly downgraded.
Market Sentiment:
AAII's bullish sentiment surged rapidly this week, and the market's contra-emotional behavior arrived as scheduled on Thursday.
The panic index has returned to neutral, with the price and options branches still extremely greedy and the two breadth branches in fear.
Current positions held:
Among them: TLN, COIN, DXYZ, INOD were mentioned yesterday.
$ProShares Ultra Bitcoin ETF (BITU.US)$ Regarding the redlief ETF trading of BTC, from the BTC weekly chart, currently it is the 5th week after breaking through the 38-week consolidation base, so it is better to wait for it to run for at least 8 weeks.
$ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro S&P500 ETF (UPRO.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ For the market's redlief ETF trading, TQQQ and UPRO are currently fine, while SOXL is starting to form a potential accumulation area, which needs to be closely monitored.
$Vera Therapeutics (VERA.US)$ It seems to be undergoing the 4th retracement, keep the stop loss unchanged, patiently wait for the price to act on its own.
$Affirm Holdings (AFRM.US)$ Continue to follow the rules and ride for free.
$Carvana (CVNA.US)$ Barely holding the 20MA on Friday, increasing the stop loss to breakeven in advance. Will exit the trade if the closing price falls below the 20MA in the future.
$NVIDIA (NVDA.US)$ The reality that must be accepted is that since NVDA joined DJI, its operation mode is getting closer to that of large cap stocks, somewhat similar to the previous AAPL and MFST. I will consider gradually exiting its trades with the help of strength at some point. For now, I will continue to ride for free, and the hard stop loss from last week remains unchanged.
$United Natural Foods (UNFI.US)$ Next Tuesday's financial report, I have already raised the stop loss to break-even.
$Travere Therapeutic (TVTX.US)$ Still in the process of consolidation, the original stop loss remains unchanged.
$Reddit (RDDT.US)$ Continue to adhere to the rule of riding for free.
$Tesla (TSLA.US)$ Thursday and Friday broke out of the flag consolidation zone, raising the stop loss with the trend and continuing to hold positions for free.
$Peloton Interactive (PTON.US)$ Considering reducing at the resistance level of the uptrend line, currently continuing to hold positions for free according to the rules.
$GameStop (GME.US)$ This week is a retreat in the first rising trend, temporarily finding support above the 30MA, raising the hard stop loss, and continuing to hold positions for free according to the rules.
$Upstart (UPST.US)$ The weekly gap was filled at the top, continuing to hold positions for free according to the rules.
$Super Micro Computer (SMCI.US)$ To hold positions in toxic assets without stop-loss is a negative example, currently still trapped in the supply zone of 40-50.
Current cash position: 6.48%
Currently holding 20 different positions, including:
1 toxic asset holding: smci;
4 positions in BTC and market honglietf trades: bitu, tqqq, upro, soxl;
9 names in the system trading phase with no cost: afrm(-1/3), nvda(-1/3), rddt(-1/2), tsla(-1/3), dxyz(-1/3), pton(-1/3), gme(-1/3), inod(-1/3), upst(-1/2);
Names of 6 early-stage system internal transactions: vera, cvna, tln, unfi, tvtx, coin;
————————————————————
"You may mess up some things, you may miss out on some things, but those things you grab will make your life completely different."
~ @Qullamaggie
In this game, perfection is impossible.
~ @Qullamaggie
In this game, perfection is impossible.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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