Nigel Chong 庄证评 wrote a post · Sep 19, 2023 17:22

Market summary 18th September

Market Update 18th September

The markets started off lower this week, which is common for September. Both the Nasdaq and NYSE, big parts of the stock market, recovered a bit and almost broke even. But, a lot of stocks did poorly. The number of stocks hitting their lowest price in a year grew to 109, which shows that the market might be weakening.

When a healthy market has a short dip, it usually doesn't see this many stocks dropping to their lowest. This means our current market might be running out of energy. There's a big meeting on Wednesday that will impact the market, and people are watching closely. There's worry that if the market goes below a certain average, prices could drop by 10%.

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US heat list: $Tesla (TSLA.US)$ $Arm Holdings (ARM.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $T2 Biosystems (TTOO.US)$ $Unity Software (U.US)$ $NIO Inc. USD OV (NIO.SG)$ $Nikola (NKLA.US)$ $Advanced Micro Devices (AMD.US)$ $AMC Entertainment (AMC.US)$

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Nigel Chong 庄证评

Specialise in Growth stocks 🏆 FB: Nigel Chong 庄证评 🌟 Influenced by MM VCP Trading Style & WON CANSLIM 💯

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