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Last week in review 👉🏻Market Review+Position Analysis (28/05-31/05 2024)
“If you listen to what others say rather than pay attention to what stocks tell you, you might be very confused.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Fundraising on Wednesday;
$S&P 500 Index(.SPX.US$ Fundraising on Wednesday;
$Dow Jones Industrial Average(.DJI.US$ Funding is drawn up on Wednesday and distributed on Friday.
NDX>SPX>DJI.
As last week's analysis showed, it didn't take long for the market to reach new highs, but in terms of stocks, with the exception of a very few strong names, most were in a state of shock. Many stocks were re-evaluated over the weekend. Some names have already been put on the list of potential cuts/clean-ups, and some new names have entered the watch list.
NDX and SPX weekly charts:
The medium- to long-term upward trend is still in the early to medium term; nothing here currently shows any potential problems.
In terms of market sentiment:
AAII's bear-watching ratio suddenly reached a recent high on Wednesday. The last time there was a similar emotional jump was on April 17.
The Fear & Greed Index is still around 50, which indicates that the real upward trend has not yet begun, and many potential opportunities have yet to be revealed...
“If you listen to what others say rather than pay attention to what stocks tell you, you might be very confused.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Fundraising on Wednesday;
$S&P 500 Index(.SPX.US$ Fundraising on Wednesday;
$Dow Jones Industrial Average(.DJI.US$ Funding is drawn up on Wednesday and distributed on Friday.
NDX>SPX>DJI.
As last week's analysis showed, it didn't take long for the market to reach new highs, but in terms of stocks, with the exception of a very few strong names, most were in a state of shock. Many stocks were re-evaluated over the weekend. Some names have already been put on the list of potential cuts/clean-ups, and some new names have entered the watch list.
NDX and SPX weekly charts:
The medium- to long-term upward trend is still in the early to medium term; nothing here currently shows any potential problems.
In terms of market sentiment:
AAII's bear-watching ratio suddenly reached a recent high on Wednesday. The last time there was a similar emotional jump was on April 17.
The Fear & Greed Index is still around 50, which indicates that the real upward trend has not yet begun, and many potential opportunities have yet to be revealed...
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$Disney(DIS.US$ Non-farm payrolls data almost doubled in September
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Prices are so low, so many people are scavenging the bottom, and the general market is so high, $Disney(DIS.US$The opening has dropped so much, do you know what to do!
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$Disney(DIS.US$ 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.
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$Disney(DIS.US$ If you fall to the point where everyone is afraid, you can go in
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$Tesla(TSLA.US$
Let me just ask, how much money can I get in?
Let me just ask, how much money can I get in?
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