Market review + positions held (04/11-08/11 2024)
Last week review 👉🏻Market review + hold positions (28/10-01/11 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ And $S&P 500 Index (.SPX.US)$ Wednesday absorption of funds;
$Russell 2000 Index (.RUT.US)$ Wednesday to Friday absorption of funds.
rut>spx>ndx.
From the market feedback this week, Trump's victory is currently strongly recognized by investors, with all three indexes breaking away from the previous trading range, heralding a new upward trend; however, SPX is still subject to speed restrictions on the chart, while RUT has given plenty of room for performance, meanwhile, semiconductors remain overall weak.
Weekly Charts:
Here it is more obvious, RUT has more room to perform, NDX is next (requires semiconductors), SPX has the smallest short-term space, but the market's long-lasting overheated sentiment cannot be ruled out (there have been many times in history), everything needs to be based on real-time price feedback every week.
Breadth:
Continues to stay green, showing gradual strength this week.
Weekly Notes:
In the internal trading system this week: PBI's RS has slightly downgraded.
Market Sentiment:
AAII's bullish sentiment slightly recovered this week, and it is expected to lean more towards the bullish side next week unless unexpected circumstances arise.
The fear index has returned to greed, with the SPX price branch being extremely greedy.
Current positions held:
Among them: NVDA, SMR, BITU, VKTX, GEM, TSLA, WULF, MSTR, PBI were mentioned yesterday.
$Upstart (UPST.US)$ After a 40%+ increase post earnings report, profit protection measures have already been taken. Stop losses have been significantly increased, with 2/3 of the positions remaining riding freely according to the rules.
$Maplebear (CART.US)$ Profit protection measures have been taken already, with 1/2 of the positions remaining riding freely according to the rules.
$ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro S&P500 ETF (UPRO.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ In line with recent market dividend trading, focus on SPX is sufficient, no need to overly focus individually.
$LexinFintech (LX.US)$ Not much progress, continue to adhere to the rules for riding.
$MARA Holdings (MARA.US)$ Miners, the laggards, have already cleared 3/5, still in the first stage under the breakout of BTC, will be cleared before Christmas this year.
$SoundHound AI (SOUN.US)$ Profit protection has been done, significant progress this week, raised hard stop loss, remaining 1/2 position continues to adhere to the rule of free riding.
$Super Micro Computer (SMCI.US)$ The biggest cancerous hold positions, currently unrealized losses account for about 7% of the total account, emphasizing the importance of stop loss, a classic negative teaching material.
Current cash ratio: 21.62%
Currently holding 18 names, including:
2 previously problematic hold positions: MARA (-3/5), SMCI;
4 market/BTC dividend leveraged ETF trades: BITU, TQQQ, UPRO, SOXL;
12 trades within the system,
Nine of them have completed profit protection: NVDA (-1/3), SMR (-1/2), UPST (-1/3), CART (-1/2), TSLA (-1/3), WULF (-1/3), MSTR (-1/3), PBI (-1/3), SOUN (-1/2);
Three names still need to prove themselves: VKTX, GEM, LX.
"Do not mistake the bull market for your own genius just because it is strong. A bull market is just a bull market. Take advantage of it while it lasts, but do not become arrogant."
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
