Last week review👉🏻Market Review + Position Analysis (28/05-31/05 2024)
"If you listen to what others say instead of paying attention to what the stocks are telling you, you may be very confused." - Mark Minervini
Quick review of the market this week:
$NASDAQ 100 Index (.NDX.US)$ Sucking in money on Wednesday;
$S&P 500 Index (.SPX.US)$ Sucking in money on Wednesday;
$Dow Jones Industrial Average (.DJI.US)$ The funds will be raised on Wednesday and distributed on Friday.
NDX>SPX>DJI.
As analyzed last week, it won't be long before the market reaches a new high. However, in terms of stocks, except for a few strong names, most are in a volatile state. Many stocks have been reassessed over the weekend, and some names have been put on the potential cut/clear list, while some new names have entered the watch list.
Weekly charts of NDX and SPX:
The medium to long-term upward trend is still in the early to middle stage, and there are currently no signs of any potential issues.
In terms of market sentiment:
The proportion of AAII bearishness suddenly reached a recent high on Wednesday. The last similar emotional leap was on April 17th.
The Fear & Greed Index is still below 50, indicating that the real uptrend has not yet begun, and many potential opportunities have not yet surfaced...

$Disney (DIS.US)$ The September non-farm data has doubled.

With the price so low and so many people buying at the bottom, the large cap is rising like this. $Disney (DIS.US)$The market opens with such a drop, do you know what to do now?

$Disney (DIS.US)$ no reason for disney to fall so much today with news of live sports integration into disney+. Treasury yields shouldn’t affect Disney till this badly. This could be a golden opportunity to load up DIS.