Bear Bear Craig wrote a post · Oct 16 15:15

S&P500 and Nasdaq How?!🔮

🔥 $S&P 500 Index (.SPX.US)$ hit all time high yet again on Monday 14 Oct at 5873, while $NASDAQ 100 Index (.NDX.US)$ broke it’s previous high of 20300 to notch 20430. 🔥

While both retrace back close to 1% last night, bullish momentum is still intact. Following my previous🔮 market outlook, $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $McDonald's (MCD.US)$ hit new highs before dragging $NASDAQ 100 Index (.NDX.US)$ $Invesco QQQ Trust (QQQ.US)$ down healthily. $Apple (AAPL.US)$ $Wells Fargo & Co (WFC.US)$ $JPMorgan (JPM.US)$ $Bank of America (BAC.US)$ good call, congrats if you followed

$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ No big problem as it’s still earnings reporting seasons and there’re still many heavyweights that have yet to report. $Netflix (NFLX.US)$ $Taiwan Semiconductor (TSM.US)$ will move market strongly on Thursday. Hence, these two days of slight retracement/muted movements is normal.

As long as $S&P 500 Index (.SPX.US)$ can stay above 5800 and $NASDAQ 100 Index (.NDX.US)$ above 20,000, the coast is clear for bullish momentum. Next region for $S&P 500 Index (.SPX.US)$ 5875-5890 (if low, support at 5790). $NASDAQ 100 Index (.NDX.US)$ 20,000-20600 this week.Though RSI for both is screaming sell, personally i think next week or so, then market may react to it. So, current move, ride the

Unsupported feature. Please use the mobile app.

Avoided: $Tesla (TSLA.US)$ at the moment despite bouncing off $210 region. $NVIDIA (NVDA.US)$ to stay within range of $127-135. Region below $120, do consider adding in.

Aiming: $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR.US)$ $CSOP Hang Seng TECH Index ETF (03033.HK)$ $Hang Seng Index (800000.HK)$ at its current region. Anything could pop it 🚀. $Western Digital (WDC.US)$ $Trip.com (TCOM.US)$ current price is looking pretty valued, worth considering. $Trump Media & Technology (DJT.US)$ I didnt touch but there’s lot of volume and actions, worth considering.

Till next outlook, stay Invested!

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

617K Views

Comment

CryptoBets : Tonight all in

Report
Reply

Cancel Reply
ham 发发兴兴王王 : don't put all the eggs in one basket!

Report
Reply

Cancel Reply

Bear Bear Craig

Hi I’m @whyalwayschin. Investment Mantra: Swim with the big boys!

279Followers

86Following

811Visitors