TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 AMD
Advanced Micro Devices
-- 119.210 OXY
Occidental Petroleum
-- 47.130 
Market Review + Holdings (30/09-04/10 2024)
Last week's review 👉🏻Market review + hold positions (23/09-27/09 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distribute on Tuesday and Thursday, absorb funds on Friday;
$S&P 500 Index (.SPX.US)$ Absorb funds on Monday, distribute on Tuesday, absorb funds on Friday;
$Russell 2000 Index (.RUT.US)$ Distribute on Thursday, absorb funds on Friday.
spx > rut <ndx.
NDX and SPX both experienced a small dip this week, basically recovered on Friday; RUT then had a second small pullback, testing the 20, 30MA; all three indexes closed above the 10MA on Friday; currently, it's a swinging market overall, a bit boring, the market's profit-making effect is not optimal yet, also a good period for the market to screen stocks for you, you can see which names quickly attract buyers after sinking, and which ones are left unnoticed.
Weekly charts:
The NDX and SPX tested the previous neckline, while the RUT completed a 10-week trendlines test, all on lower volume weeks.
Breadth records:
Continue to stay green.
Weekly notes:
The trading within the system only saw a slight degradation in the RS strength of APLD.
Market sentiment:
The overheated sentiment of AAII has cooled slightly, with a slight anti-sentiment behavior on Thursday and Friday providing some support for the index to rise, but the main increase was driven by the labor market data released on Friday.
The panic index is approaching extreme greed, and unlike the past two years, this time it is mainly driven by two breadth sub-items.
Current positions:
Among them, CORZ, LUNR, EOSE, IMRX, and SN were in yesterday's 'Weekly Trade Summary'.
$MARA Holdings (MARA.US)$ One of the holding positions issues must be cleared before Christmas this year. If the currently strongest miner MSTR presents a suitable setup, MARA will be sold directly, and then replaced with MSTR.
$NVIDIA (NVDA.US)$ After experiencing a test of the 20MA and 50MA downward, it rose for the fourth time to test the position of the descending trendlines. Currently, the moving averages have been adjusted and arranged neatly. Let's see how the price will move in the next one or two weeks. The current stop loss remains unchanged, following the rules.
$Goosehead Insurance (GSHD.US)$ The price has been tightly trading for three weeks, with four moving averages approaching convergence. Significant upward or downward fluctuations will not be too far off. Maintain the unchanged stop loss.
$NIO Inc (NIO.US)$ Tested the 10MA on Friday, currently the price is lagging behind the Hong Kong market. Already one of the profit-protected winners, continue to follow the simple rules.
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro S&P500 ETF (UPRO.US)$ Given the SPX has not been broken on September 19, simply holding positions will suffice for now, no need to pay much attention at the moment.
$On Holding (ONON.US)$This week passed the 20MA successful test, already done profit protection, keep simple rules for riding.
$Doximity (DOCS.US)$ As of now, the operation is stable, not even touching the 10MA, profit protection has been done, maintaining simple rules for riding.
$Super Micro Computer (SMCI.US)$ The biggest issue is holding positions, it is still uncertain whether the fourth stage has been completed, there is still a long way to go for recovery, emphasizing the importance of stop-loss rules.
$Lumen Technologies (LUMN.US)$ Currently still in the testing phase of 20MA, profit protection has been done, keep riding with simple rules.
$GE Vernova (GEV.US)$ Another breakout near the 10MA, never try to guess how far it can rise, profit protection has been done, currently about 7 times ATR away from the 50MA, just keep riding with simple rules.
$Bioventus (BVS.US)$ The price has been closely tight for the last three trading days, trading volume is dry, there may be significant volatility soon (upward breakout or downward test of moving averages), profit protection has been done, keep riding with simple rules.
$Applied Digital (APLD.US)$ The only system-traded name with a downgrade in RS (-1) for this week, financial report to be released on October 9th, currently priced below the 10MA, profit protection has been done, preparing to get through the financial report with it, stop loss (break-even) remain unchanged.
Current cash position: 14.10%.
Position management:
A total of 19 names,
2 historical legacy issues she holds: MARA (to be resolved within the year), SMCI (estimated to take a long time);
3 SPX and recent market dividend leveraged ETFs: UPRO, TQQQ, SOXL;
14 trades within the system, including 9 winners with confirmed profit protection: NIO (-1/3), EOSE (-1/3), ONON (-1/3), LUMN (-1/3), APLD (-1/3), DOCS (-1/2), GEV (-1/2), SN (-1/2), BVS (-1/2).
The remaining 5 still need to prove themselves: NVDA, CORZ, GSHD, LUNR, IMRX.
Now the overall health of the portfolio is gradually recovering, which has a positive impact on both the psychological and confidence aspects of traders. 🚴🏻
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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