Market review + Holdings (23/09-27/09 2024)
Last week review:Market review + position analysis (16/09-20/09 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ and $S&P 500 Index (.SPX.US)$ On Tuesday and Thursday, there was accumulation of funds.
$Russell 2000 Index (.RUT.US)$ Distributed on Tuesday and Wednesday, absorbed funds on Thursday.
ndx > spx > rut.
NDX and SPX are currently holding above the neckline; RUT has retested the previous neckline, while also testing the gap and 10MA at the same time; RUT has done more testing work than NDX and SPX, and is almost ready.
Weekly charts:
The volatility range of the three indices this week has narrowed significantly compared to the previous week, marking two consecutive weeks of shrinking volatility range, showing a trend towards stability.
Breadth records:
Continuing to have an all-green week, with the number of negative stocks at 1698 hitting a new low for the year, indicating that the breadth foundation of this upward trend is gradually solidifying.
周笔记：
This week, there were no RS downgrades in the names traded within the system.
Market sentiment:
AAII remained overheated in pre-market trading on Thursday, indicating that the market is still engaging in effortful contrarian behavior (mainly targeting the options market).
The fear index remains in the greedy midrange.
Current positions:
Among them: NVDA, ARM, GSHD, EOSE, NIO, LUMN, DOCS, APLD, BVS refer to the trading summary of this week released yesterday.
$MARA Holdings (MARA.US)$ It is still one of the problematic holdings, although there has been a recent breakthrough of a small bottom platform, but the gap in strength compared to similar miner MSTR is huge.
$SharkNinja (SN.US)$ Still not reaching the first step of arbitrage price (very close), stop loss raised to breakeven.
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ， $ProShares UltraPro QQQ ETF (TQQQ.US)$ ， $ProShares UltraPro S&P500 ETF (UPRO.US)$ Using the defense close to SPX on September 19th as well as recent days, categorized as dividend trades around SPX (where the prices of TQQQ and SOXL have been corrected).
$TeraWulf (WULF.US)$ Recently, a continuous three-day retreat in relative low trading volume, no issues, maintaining the disciplined trading.
$Core Scientific (CORZ.US)$ Also a continuous three-day retreat in low trading volume, no issues, maintaining disciplined trading.
$On Holding (ONON.US)$ Already completed the first step of arbitrage, the rest is to follow the 10 and 20 MA to keep it simple.
$Super Micro Computer (SMCI.US)$ The biggest issue at the moment is the holding positions. This stock completely fits Mark's 50/80 rule (most former leaders have a 50% chance of dropping by 80% or an 80% chance of dropping by 50%); bearish reports, regulatory investigations, and the like are all gimmicks, no need to worry~ The price has already signaled the issues before them 🙂; continue holding as a warning not to stop loss.
$GE Vernova (GEV.US)$ Already completed the first step of arbitrage, lying flat above the 10 and 20 MA is enough, let the winners run on their own, keep it simple.
Current cash ratio: 11.86%
Currently holding 19 stocks, among them:
- 2 are historical legacy bad debt positions: MARA, SMCI;
- 3 revolve around market trends and recent market dividend trades: UPRO, TQQQ, SOXL;
The remaining 14 positions are traded within the system;
The 7 winners who have completed the first step of arbitrage are: NIO (1/3), ONON (1/3), LUMN (1/3), APLD (1/3), DOCS (1/2), GEV (1/2), BVS (1/2);
The remaining 7 names still need to prove themselves: NVDA, ARM, GSHD, EOSE, SN, WULF, CORZ.
Manage the names of the holdings to make them clear and simple 🚴🏻
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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