TSLA
Tesla
-- 431.660 RGTI
Rigetti Computing
-- 17.0800 NVDA
NVIDIA
-- 137.010 PLTR
Palantir
-- 79.080 AMD
Advanced Micro Devices
-- 125.190 
Market Review + Hold Positions (16/12-20/12 2024)
Last week review 👉🏻Market review + Hold Positions (09/12-13/12 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ and $S&P 500 Index (.SPX.US)$ Subscriptions are made on Mondays and Fridays, with distributions on Wednesdays.
$Russell 2000 Index (.RUT.US)$ Subscriptions are made on Mondays and Fridays, with distributions on Tuesdays and Wednesdays.
ndx > spx > rut.
SPX and RUT have almost completely given back all the profits from the Trump campaign rally; NDX remains relatively resilient at this stage. NDX is still above the 50MA, closing near the 20MA on Friday, SPX barely closed above the 50MA, and RUT returned to the accumulation zone of the previous VCP. It is still necessary to carefully prepare for the possibilities in both directions, as uncertainty is always present. The next two weeks are expected to have lower trading volumes due to seasonal patterns, making it an ideal time for in-depth chart analysis for the future, while also taking the opportunity to relax and potentially start a personal vacation mode on an island.
Weekly Charts:
NDX remains above the 10MA, SPX closed near the 10MA, RUT temporarily successfully tested the 30MA; the uptrend is still intact at the moment.
Breadth:
From December 9th to December 19th, there was a massacre of breadth for 9 consecutive trading days. It is worth noting that the positive readings on the 18th and 19th are the two lowest values in the second half of the year, and the negative reading on the 19th is the third highest since the second half of the year (previously 3006 on August 5th and 2980 on August 7th).
Weekly Notes:
There have been no instances of RS downgrades in the remaining names within the current system.
Market Sentiment:
AAII Call sentiment continues to cool off, and this week's counter-sentiment behavior towards the market was evident on Friday in conjunction with PCE data.
The fear index has entered the panic range, with only the VIX branch remaining neutral, which is a short-term favorable reading for the uptrend market.
Current positions held:
Among them: cvna, vitl, arqt, iren were mentioned yesterday.
$ProShares Ultra Bitcoin ETF (BITU.US)$ BTC has completed 7 weeks after breaking through the large range, has not touched the 10-week moving average yet, and needs to patiently wait for it to complete the 8th week; since entering the trade, there has been some expectation of such large fluctuations, so the current actions taken by it are not surprising.
$ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro S&P500 ETF (UPRO.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ Market dividend trading is not eager to liquidate positions too early, will only participate in SPX and NDX indices in the next cycle of trades, the recent trend of the semiconductor sector deviating from the index has taught me a good lesson. 📖
$Ollie's Bargain Outlet (OLLI.US)$ Currently in the early stages after the breakthrough, showing strong performance this week, continue to maintain disciplined riding.
$Reddit (RDDT.US)$ Those names that survived after the market's test this week have been consistently above the 20MA, continue to maintain disciplined riding with the remaining 2/3 positions.
$United Natural Foods (UNFI.US)$ Currently near the 20MA, continuing to use gap defense, keeping the remaining 2/3 positions for disciplined free riding.
$Super Micro Computer (SMCI.US)$ The current toxic holding positions, a classic example of not using stop-loss.
Cash proportion: 44.80%
Currently holding 12 positions, including:
1 Hold Position in the Semiconductors sector: SMCI;
4 BTC / Market Dividend Trading ETF: BITU, TQQQ, UPRO, SOXL;
2 names in the stage of free riding system internal trading: RDDT, UNFI;
5 names in the initial stage of system internal trading:
CVNA, OLLI, VITL, ARQT, IREN.
————————————————————
No one knows what will happen next,
But the best traders are able to maintain a stable advantage over the long term.
Focus on possibilities rather than certainties.
Nothing is guaranteed.
But the best traders are able to maintain a stable advantage over the long term.
Focus on possibilities rather than certainties.
Nothing is guaranteed.
- "Technical Analysis"
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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