MONEYCOMETOME
voted
1
MONEYCOMETOME
voted
Hello mooers!
As September 2024 comes to a close, we take a moment to reflect on a tumultuous month marked by significant market volatility and pivotal economic events that shaped trading strategies and decision-making within our dynamic community. From Nvidia's somber guidance that triggered a downturn to the eagerly awaited Federal Reserve rate cuts and the positive surge in Chinese stocks following policy stimuli, mooers ...
As September 2024 comes to a close, we take a moment to reflect on a tumultuous month marked by significant market volatility and pivotal economic events that shaped trading strategies and decision-making within our dynamic community. From Nvidia's somber guidance that triggered a downturn to the eagerly awaited Federal Reserve rate cuts and the positive surge in Chinese stocks following policy stimuli, mooers ...
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MONEYCOMETOME
voted
$NATGATE (0270.MY)$ time to give up on this share?
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MONEYCOMETOME
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Last week's review 👉🏻Market review + hold positions (23/09-27/09 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributions on Tuesday and Thursday, accumulation on Friday;
$S&P 500 Index (.SPX.US)$ Accumulate on Monday, distribute on Tuesday, accumulate on Friday;
$Russell 2000 Index (.RUT.US)$ Distribute on Thursday, accumulate on Friday.
spx > rut
dx.
NDX and SPX both experienced a small dip this week, but recovered on Friday; RUT then had a second small pullback, testing the 20, 30MA; all three indices closed above the 10MA on Friday; currently it's a swinging market overall, somewhat boring, the market's profit potential is not at its best yet, it's also a good time to let the market help filter stocks, you can see which names quickly attract buyers after a decline, and which ones are being ignored.
Weekly charts:
NDX and SPX tested the previous neckline, while RUT completed the 10-week weekly test, all are on reduced trading volume weeks.
Breadth records:
Continue to stay green.
Weekly notes:
Only the RS strength of APLD has slightly degraded in the internal trading system.
Market sentiment:
The overheated sentiment of AAII has cooled slightly, and the counter-sentiment behavior on Thursday and Friday has slightly helped the index to rise. However, the main increase was driven by Labor Day on Friday...
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributions on Tuesday and Thursday, accumulation on Friday;
$S&P 500 Index (.SPX.US)$ Accumulate on Monday, distribute on Tuesday, accumulate on Friday;
$Russell 2000 Index (.RUT.US)$ Distribute on Thursday, accumulate on Friday.
spx > rut
dx.
NDX and SPX both experienced a small dip this week, but recovered on Friday; RUT then had a second small pullback, testing the 20, 30MA; all three indices closed above the 10MA on Friday; currently it's a swinging market overall, somewhat boring, the market's profit potential is not at its best yet, it's also a good time to let the market help filter stocks, you can see which names quickly attract buyers after a decline, and which ones are being ignored.
Weekly charts:
NDX and SPX tested the previous neckline, while RUT completed the 10-week weekly test, all are on reduced trading volume weeks.
Breadth records:
Continue to stay green.
Weekly notes:
Only the RS strength of APLD has slightly degraded in the internal trading system.
Market sentiment:
The overheated sentiment of AAII has cooled slightly, and the counter-sentiment behavior on Thursday and Friday has slightly helped the index to rise. However, the main increase was driven by Labor Day on Friday...
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