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- All 11 S&P sectors lower
- Growth stocks tumble
- Defensive names resist selling pressure
- Dow down 2.42%, S&P 500 down 3.25%, Nasdaq down 4.08%
U.S. stock indexes closed sharply lower on Thursday in a broad sell-off as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the Federal Reserve's largest rate hike since 1994.
The benchmark S&P 500 suffered its sixth decline in seven sessions. Stock...
- Growth stocks tumble
- Defensive names resist selling pressure
- Dow down 2.42%, S&P 500 down 3.25%, Nasdaq down 4.08%
U.S. stock indexes closed sharply lower on Thursday in a broad sell-off as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the Federal Reserve's largest rate hike since 1994.
The benchmark S&P 500 suffered its sixth decline in seven sessions. Stock...
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It's been a roller coaster week, from Monday to Tuesday the market was doing well, but the news of the tax hike on Tuesday caused a market plunge at the end of Tuesday and on Wednesday. Luckily, I and my students were able to sell all the call options and buy UVXY's call options in a timely manner. We sold them on Wednesday. $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$Took profits, then bought again $DraftKings (DKNG.US)$ $FireEye Inc (FEYE.US)$ , $ProShares UltraPro QQQ ETF (TQQQ.US)$call options. On Thursday, the job data and unemployment claims exceeded expectations, pulling the Nasdaq back to near 13,300. Influenced by the sharp drop in bitcoin and investors taking profits on Friday, the Nasdaq opened high but fell at the end of the day. However, overall the Nasdaq still held at 13,470 support level and formed a small W pattern at the high. So, if there's no specific bearish market over the weekend, the Nasdaq will still oscillate upward to above 13,550 next week.
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$NIO Inc (NIO.US)$ It is a potential stock that is quite bullish among most retail investors. Let me briefly share my opinion...
In Q1 of 21, the delivery volume and revenue exceeded expectations, but unfortunately, it coincided with chip supply shortages and pressure from the Nasdaq correction. In just 2 weeks, the price fell from over $40 to $30, breaking the previous months' record decline. Based on the volume and price increase, the rebound on Friday was not very strong, due to investors' concerns about short-term chip market supply. Although the delivery volume data for April reached 128%, investors are worried about the short-term chip supply pressure. From a news perspective, NIO's stock price will continue to be under pressure. In the current uncertain market conditions, there is a high probability that NIO's stock price will return to around $32 next week as a support level, but this support is weak. If the market retraces again, there is still a risk of NIO's stock price breaking through and falling back to $30 or below. So, for those planning to enter the market, patience is needed, Short-term upward pressure is around $35, and breaking through and stabilizing this level requires observing any significant changes in trading volume before making further decisions. Remember, there is no bottom in the stock market. All there is to rely on are support levels. It's not a matter of buying stocks cheap; it's about the timing of your purchase! Options traders should try to avoid NIO and pay attention to the impact of short-term volatility... $NIO Inc (NIO.US)$Looking at the short-term trend for next week on a 30-minute timeframe
In Q1 of 21, the delivery volume and revenue exceeded expectations, but unfortunately, it coincided with chip supply shortages and pressure from the Nasdaq correction. In just 2 weeks, the price fell from over $40 to $30, breaking the previous months' record decline. Based on the volume and price increase, the rebound on Friday was not very strong, due to investors' concerns about short-term chip market supply. Although the delivery volume data for April reached 128%, investors are worried about the short-term chip supply pressure. From a news perspective, NIO's stock price will continue to be under pressure. In the current uncertain market conditions, there is a high probability that NIO's stock price will return to around $32 next week as a support level, but this support is weak. If the market retraces again, there is still a risk of NIO's stock price breaking through and falling back to $30 or below. So, for those planning to enter the market, patience is needed, Short-term upward pressure is around $35, and breaking through and stabilizing this level requires observing any significant changes in trading volume before making further decisions. Remember, there is no bottom in the stock market. All there is to rely on are support levels. It's not a matter of buying stocks cheap; it's about the timing of your purchase! Options traders should try to avoid NIO and pay attention to the impact of short-term volatility... $NIO Inc (NIO.US)$Looking at the short-term trend for next week on a 30-minute timeframe
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