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A Federal Reserve meeting, the latest U.S. jobs data, and another packed stretch of third-quarter earnings season will keep investors busy this week. Around 150 S&P 500 companies are scheduled to report.
The highlight of the week will come on Wednesday, however, when the Federal Open Market Committee concludes a two-day meeting. An interest-rate decision is due at 2 p.m. ET and Fed chairman Jerome Powell holds...
The highlight of the week will come on Wednesday, however, when the Federal Open Market Committee concludes a two-day meeting. An interest-rate decision is due at 2 p.m. ET and Fed chairman Jerome Powell holds...
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The rally in big-tech shares this year has been affected by the recent quarterly earnings reports as they have mostly failed to impress investors.
The $NASDAQ 100 Index (.NDX.US)$ has fallen 11% from its July high, erasing about one-third of its AI-fueled advance, including two bruising days that lopped about $800 billion off share values.
Megacap tech stocks have also lost some of their luster as bond yields have climbed in re...
The $NASDAQ 100 Index (.NDX.US)$ has fallen 11% from its July high, erasing about one-third of its AI-fueled advance, including two bruising days that lopped about $800 billion off share values.
Megacap tech stocks have also lost some of their luster as bond yields have climbed in re...
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Four enduring principles of price behavior:
Principle 1: Trend continuation is more likely than reversal
Principle 2: Momentum comes before price
Principle 3: The trend ends in the middle of a climax
Principle 4: The market alternates between range expansion and range contraction!
As is customary, let's first take a look at the market's behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributed on Wednesday and Thursday;
$S&P 500 Index (.SPX.US)$ Funded on Tuesday and distributed on Wednesday and Thursday;
$Dow Jones Industrial Average (.DJI.US)$ Distributed on Monday, raised on Tuesday, and distributed on Wednesday;
The divergence reappeared, and NDX > SPX > DJI (identifiable by a simple moving average).
One thing to note here: NDX's OBV indicator (trading volume+price composite indicator) continues the obvious bottom divergence from a month ago. We just don't know how long the market will take to complete, but we probably know that at the time of repair, NDX will still be the fastest running index in the future. Until then, the best deal you need is “don't trade”
The weekly charts for NDX and SPX seem close to “hopeless”. It is known that there is currently quite a large amount of money off the market. Everyone is watching and waiting; they only need to wait for that signal (shared yesterday).
Currently, there are two more names that still hold test positions...
Principle 1: Trend continuation is more likely than reversal
Principle 2: Momentum comes before price
Principle 3: The trend ends in the middle of a climax
Principle 4: The market alternates between range expansion and range contraction!
As is customary, let's first take a look at the market's behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributed on Wednesday and Thursday;
$S&P 500 Index (.SPX.US)$ Funded on Tuesday and distributed on Wednesday and Thursday;
$Dow Jones Industrial Average (.DJI.US)$ Distributed on Monday, raised on Tuesday, and distributed on Wednesday;
The divergence reappeared, and NDX > SPX > DJI (identifiable by a simple moving average).
One thing to note here: NDX's OBV indicator (trading volume+price composite indicator) continues the obvious bottom divergence from a month ago. We just don't know how long the market will take to complete, but we probably know that at the time of repair, NDX will still be the fastest running index in the future. Until then, the best deal you need is “don't trade”
The weekly charts for NDX and SPX seem close to “hopeless”. It is known that there is currently quite a large amount of money off the market. Everyone is watching and waiting; they only need to wait for that signal (shared yesterday).
Currently, there are two more names that still hold test positions...
Translated
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Both S&P500 and Nasdaq have entered the correction territory. Since July, S&P500 has lost over $4 trillion in market value, and the magnificent 7 tech stocks lost more than $1.2 trillion in market cap.
As we enter November, will the doom and gloom market continue? Or can we expect some form of rally into the year end? There are also lots of things to unpack for my options trades. Do check out my video below for more info.
PS: This is my 100th long-form video! Thanks to t...
As we enter November, will the doom and gloom market continue? Or can we expect some form of rally into the year end? There are also lots of things to unpack for my options trades. Do check out my video below for more info.
PS: This is my 100th long-form video! Thanks to t...
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$Apple (AAPL.US)$
28OCT2023
✘ 等待它突破下降趋势线,形成破底翻的时候。
✔ 现在只能等待好的形态出现。
✔ 那个时候便是个进场的好时机。
28OCT2023
✘ Wait for it to break through the downward trend line and form a bottom flip.
✔ Now we can only wait for the good form to appear.
✔ That time is a good time to enter the arena.
28OCT2023
✘ 等待它突破下降趋势线,形成破底翻的时候。
✔ 现在只能等待好的形态出现。
✔ 那个时候便是个进场的好时机。
28OCT2023
✘ Wait for it to break through the downward trend line and form a bottom flip.
✔ Now we can only wait for the good form to appear.
✔ That time is a good time to enter the arena.
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Tesla TSLA 0.51% earnings are on tap this week—and the stock isn’t making the bulls feel as bullish as they usually are. They would feel a lot better if profit margins looked like they were bottoming out.
Tesla is due to report third-quarter numbers Wednesday evening. Wall Street is looking for earnings per share of about 73 cents, down from 77 cents a couple of weeks ago. It’s coming in a little after the company delivered some 435,000 vehicles ...
Tesla is due to report third-quarter numbers Wednesday evening. Wall Street is looking for earnings per share of about 73 cents, down from 77 cents a couple of weeks ago. It’s coming in a little after the company delivered some 435,000 vehicles ...
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