The S&P 500 continues its winning streak for 6 consecutive weeks! Will the streak continue?
$S&P 500 Index (.SPX.US)$ hitting new All-Time High (ATH)!! Strong bullish momentum ![]()
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Last week (14 Oct 2024 to 18 Oct 2024), $S&P 500 Index (.SPX.US)$ (+0.85%) $SPDR S&P 500 ETF (SPY.US)$ (+0.86%) outperformed many mega-cap (The Magnificent 6) stocks:
Underperformers ![]()
$Microsoft (MSFT.US)$ (+0.44%), $Alphabet-A (GOOGL.US)$ (+0.11%), $Alphabet-C (GOOG.US)$ (+0.32%), $Amazon (AMZN.US)$ (+0.09%), $Meta Platforms (META.US)$ (-2.28%).
Outperformers ![]()
$Apple (AAPL.US)$ (+3.27%), $NVIDIA (NVDA.US)$ (+2.37%).
What could this possibly imply? Could there be underlying cause for such performance? Should we as investors continuously buy the outperformers and sell the underperformers? ![]()
Most notable highlight of last week were Earnings Reports of $ASML Holding (ASML.US)$ , $Taiwan Semiconductor (TSM.US)$ , $Netflix (NFLX.US)$ - leading to 🦘 hopping behaviour in the stock market.
More information can be found on Moo Earnings Hub <<< (click the link to go to the page)!!!
Disclaimer: Investment involves risks and the potential to lose principal. It is not suitable for everyone, and users will have to make their own individual investments decisions.
For the coming week (21 Oct 2024 to 25 Oct 2024), I will be taking a close watch on $Materials Select Sector SPDR ETF (XLB.US)$ + $Coca-Cola (KO.US)$ + $Tesla (TSLA.US)$ + $3M (MMM.US)$ + $General Motors (GM.US)$ + $Boeing (BA.US)$ + $Enphase Energy (ENPH.US)$ .
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