Sluggish September
It has been a sluggish start to September for the US stock market. Apple had a worst back to back loss, wiping out about $200 billion of market value in 2 days. Nvidia and many chip makers were falling as competition and geo-political risk from China kept rising.
And all of sudden, renewed worries on more interest rate hikes started to surface. As a result, major indices capped off a losing week.
Will the stock market continue to struggle throughout the rest of September? 2 potential market-moving events this week may give us some clues!
Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google + Option trades
From YouTube
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Taiwan Semiconductor (TSM.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $USD (USDindex.FX)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $DBS Group Holdings (D05.SG)$ $OCBC Bank (O39.SG)$ $SIA (C6L.SG)$ $Palantir (PLTR.US)$ $Grab Holdings (GRAB.US)$ $Sea (SE.US)$ $Enphase Energy (ENPH.US)$ $Bank of America (BAC.US)$ $Adobe (ADBE.US)$
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