Recap: S&P 500 Recent Performance: November 1–17, 2024
The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ has demonstrated strong gains this year, but November has seen mixed momentum: November 1–8: The index surpass past 6,000 (ATH: 6025🥳🥳🥳), supported by solid earnings reports, improved consumer sentiment, and optimism about future Federal reserve rate cuts.  November 11–17: The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ retreated...

$NVIDIA (NVDA.US)$ institutional investors and speculators are pouring millions of dollars in the options market days ahead of earnings results that could test how long the AI-favorite could keep beating analysts' estimates.
The biggest among unusual options activities seen so far Monday involved a multi-leg trade that had an active buyer paying a $3.86 million premium for put options that gives him or her...

$Coinbase (COIN.US)$ It's only reasonable around 200, it's just a trading software, not the only trading software.

$Nasdaq Composite Index (.IXIC.US)$ Strange, recently bought three or four stocks, bought in and immediately trapped, still trapped at 10%, can I exit?

$Nasdaq Composite Index (.IXIC.US)$ if you look at the volume as of this post it's down significantly from prior days. meaning the panic sellers are done you still have institutions shorting the crap out of the sector the people that wanted to lock in their profit have done so. we've consolidated about 50% from the 4th of November to the peak of the rally. it should find some support very close to the current prices that we are at it doesn't mean it can't dump going into the clothes because it's ...

$NVIDIA (NVDA.US)$ Beware those buying the dip, the moment market opens price will crash better wait to buy later.

$Alphabet-C (GOOG.US)$ In a bull market, buy speculative stocks, buy weighted stocks on pullbacks. Next week, you will have the opportunity to buy at 172-170. Semiconductors continue to decline. Funds flow back into large weighted stocks. Do not touch semiconductors, even if you buy bitcoin stocks, you are better off than buying semiconductors, important things need to be said three times.

$Qualcomm (QCOM.US)$ It's time to buy.

$Nasdaq Composite Index (.IXIC.US)$ Nasdaq 17900 finds support, S&P 5650 finds support. You're not mistaken, this is an index that dropped to the end of September in one go. Don't touch semiconductors next week, see if SOXX can hold 200. Buy heavyweights on dips. Buy Nvidia and others below 120 again.

Last week's review 👉🏻Market review + Position holdings (04/11-08/11 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ And $S&P 500 Index (.SPX.US)$ Distribution on Thursday and Friday;
$Russell 2000 Index (.RUT.US)$ The dividend will be distributed on Wednesday.
rut>spx>ndx.
Except for the rise of RUT on Monday, the market has been in a downtrend for the rest of the week, reaching/nearing a stage peak on Friday; the three indices are currently trying to fill the previous gap, with NDX close to completion, while SPX and RUT still have a lot of gap space to fill. If this gap is not filled in the future, it will be a manifestation of strength; BTC continues to maintain its strength, biotechnology suddenly slaughtered, and semiconductors are on the verge of collapse.
Weekly Charts:
Three indexes are currently testing the consolidation area that broke through last week. The weekly chart still maintains an upward trend (as does the daily chart).
Breadth:
Still in the green, the back-and-forth battle has continued for nearly three weeks. Based on the readings from the past two months, the breadth's cyclical low points align perfectly with the market index's low points, mostly lasting around 3 days. Counting from November 15th, the 3 days fall on the 15th, 18th and 19th, coinciding with NVDA's earnings report on the 20th. It will be interesting to see how the market reacts to the results, which will have a significant impact on the medium-term and short-term trends.
Weekly notes...