Red Wednesday
It was another red day to start the month of September.
Treasury yield is jumping again, and thus applying pressure to the stock market
Tech stocks had a little sell of on Wednesday - 3rd straight day in a row. It’s rare to see Apple down by more than 3%. Nvidia was fading too. 2 big giants are showing a bit of weakness..
Treasury yield is jumping again, and thus applying pressure to the stock market
Tech stocks had a little sell of on Wednesday - 3rd straight day in a row. It’s rare to see Apple down by more than 3%. Nvidia was fading too. 2 big giants are showing a bit of weakness..
$NVIDIA (NVDA.US)$ $SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Tesla (TSLA.US)$ $Alphabet-A (GOOGL.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $JPMorgan (JPM.US)$ $Goldman Sachs (GS.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $USD (USDindex.FX)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Intel (INTC.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Crude Oil Futures(DEC4) (CLmain.US)$ $Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ $Temasek Holdings (LIST2536.US)$ $Roku Inc (ROKU.US)$ $ARK Innovation ETF (ARKK.US)$ $Zoom Video Communications (ZM.US)$ $Teladoc Health (TDOC.US)$ $Grab Holdings (GRAB.US)$ $Palantir (PLTR.US)$
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OceansWave : Do you see that APPL will continue falling today? What would be your technical analysis?
maddhatter OceansWave : Those who can, do; those who can’t, analyze.
梦回大唐。 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cow Moo-ney OP OceansWave : Sorry I don’t and I can’t do day prediction. Nobody can in fact. I watch how the market moves, then I move along.
Anyway Apple is looking bearish as it broke 3 support levels in 1 day. Next support levels are at 182 and 178. If these 2 get breached again, I think we can expect low 170s.
But if Apple reclaims its 50 MA (around 186-187) then it will be less bearish
OceansWave Cow Moo-ney OP : Thanks for sharing.. Yesterday it broke below 182 but a large volume of buy came in during the last 15mins trading hours.. also feel that got to see if today if it continues to go lower than the 182 support line and if that breaks, if may dive lower towards the 170 mark.. however, just trying to be careful as the upcoming event might make bring it upwards… just got to see
Cow Moo-ney OP OceansWave : I think the chance of the upcoming event bring it downwards is higher than upwards![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
unless they have massive innovation. “Buy the rumour, sell the news”, probably. Could be wrong
OceansWave Cow Moo-ney OP : Typically it’s sell the news event.. before the event it will generate some demand.. but once the event start.. the sell off begins.. historically the past IPhone events from X - 14 all have this and typically once the event start the shares drop
OceansWave Cow Moo-ney OP : But the way, can I direct message you to ask you some questions about options?? Just start and also watched your options videos, but still need more detailed understanding about options like when the contract expires what happens..