MOOLAH in Tesla & Meta! ๐ ๐ป
$Tesla (TSLA.US)$ ๐ Vrooming high with delivery report due, keep an ๐๏ธ on that, it will drive & carry $Nasdaq Composite Index (.IXIC.US)$ higher tonight! Saw the breakout there?
Powell uncle spoke last night and led to some volatility in that 1 hour ๐ฎ The anxiety came when he mentioned โsaid on Monday that the central bank is โnot on any preset courseโ when it comes to the next steps for rate policy. He said to expect two more cuts this year โ that is, a quarter percentage point each โ if the economy performs as anticipated.โ
Saw the market tested $S&P 500 Index (.SPX.US)$ tested 5700 region before dancing back up, along with $NASDAQ 100 Index (.NDX.US)$ fighting below 20,000 momentarily. Trend still intact, despite tested. Took some profits off $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro Short S&P500 ETF (SPXU.US)$ last night too.
: Handed in my money to $Nike (NKE.US)$ $Carnival (CCL.US)$ ๐๐ฅฒ surrender and cut losses
๐จ๐ณ: The ๐ play was so impressive and felt FOMO for missing it. $CSI 300 Index (000300.SH)$ $HSI Futures(NOV4) (HSImain.HK)$ $FTSE China A50 Index Futures(NOV4) (CNmain.SG)$ $Alibaba (BABA.US)$ $PDD Holdings (PDD.US)$ $Futu Holdings Ltd (FUTU.US)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ ๐ฎ๐ฎ๐ฎBy the the time market open, i went wow wow wow like 10 times ๐ Given the Golden week holiday, i think ๐จ๐ณ counters will moves strongly till next week ๐ ๐
: Whatโs moving this week? $NVIDIA (NVDA.US)$ has to sustain above $120. TP $123? $Apple (AAPL.US)$ breaking out?! TP $237-240
On side note, $Meta Platforms (META.US)$ I donโt know why but thereโs volume and upper trend has been broken. TP $578-80. See the same gap up there as $Tesla (TSLA.US)$ ?
$Trump Media & Technology (DJT.US)$ very strong last night too. might break $17-18 tonight. $Tesla (TSLA.US)$ 270-275 TP. $NIO Inc (NIO.US)$ is interesting to watch too. $Oracle (ORCL.US)$ has some movements too. Still betting $Uranium Energy (UEC.US)$ to recover my losses ๐
๐ฎ: Market rebounded back above support line, ISM data is not as important as friday data. So likely $NASDAQ 100 Index (.NDX.US)$ will be carried by $Tesla (TSLA.US)$ $Meta Platforms (META.US)$ perhaps might break new highs before friday. $SPDR S&P 500 ETF (SPY.US)$ $575-577 till Thursday.
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: General market is on RSI Relative Strength Index(overbought): looking for correction soon. Maybe friday?RSI Above 70: Overbought. RSI below 30: Oversold
Three more sessions before our money master paper competition ends! Vote to win some points if you havent done so, trade ๐ฎ
Sharks lurking aroundโฆ
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Singaporeno1trader : why NKE , new CEO just came in and sales haven't been great
CCL probably will bounce back
Bear Bear Craig OP Singaporeno1trader : Was a coin flip play that got burned
Singaporeno1trader : mee too CCL had the constant currency issue, and went down 5% then bounced back