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Review of last week👉🏻Market review + current holdings (21/10-25/10 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Tuesday absorbs funds, Wednesday and Thursday distribute;
$S&P 500 Index (.SPX.US)$ Distributions will be made on Tuesday, Wednesday, and Thursday;
$Russell 2000 Index (.RUT.US)$ Accumulation on Monday, distributions on Thursday.
RUT ended up above NDX and SPX.
NDX and SPX experienced a sharp drop in trading volume on Thursday, breaking through three moving averages. Currently testing the 50-day moving average position; RUT is relatively better, with Thursday's low still slightly higher than last Wednesday's low; Traders do not need to search for potential support levels as they are generated by the combined buying power of the market's large capital players; However, the previous day's close price of SPX, especially compared to September 19, is still worthy of reference. Whether the price can close above that level determines the effectiveness of September 19 and recent days.
Weekly charts:
All three indices are currently testing the 10-week moving average. The volatility of NDX and SPX has increased, while the volatility of RUT has decreased compared to the previous week; Most market participants are concerned about major upcoming events in the short term. Traders should not predict unknown events or develop emotional biases. All actions should be based on price feedback, maintaining the long-term consistency of their trading systems.
...
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Tuesday absorbs funds, Wednesday and Thursday distribute;
$S&P 500 Index (.SPX.US)$ Distributions will be made on Tuesday, Wednesday, and Thursday;
$Russell 2000 Index (.RUT.US)$ Accumulation on Monday, distributions on Thursday.
RUT ended up above NDX and SPX.
NDX and SPX experienced a sharp drop in trading volume on Thursday, breaking through three moving averages. Currently testing the 50-day moving average position; RUT is relatively better, with Thursday's low still slightly higher than last Wednesday's low; Traders do not need to search for potential support levels as they are generated by the combined buying power of the market's large capital players; However, the previous day's close price of SPX, especially compared to September 19, is still worthy of reference. Whether the price can close above that level determines the effectiveness of September 19 and recent days.
Weekly charts:
All three indices are currently testing the 10-week moving average. The volatility of NDX and SPX has increased, while the volatility of RUT has decreased compared to the previous week; Most market participants are concerned about major upcoming events in the short term. Traders should not predict unknown events or develop emotional biases. All actions should be based on price feedback, maintaining the long-term consistency of their trading systems.
...
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$Autonomix Medical (AMIX.US)$ Let's consolidate our positions when it's down. I'm positive on this stock. Anytime it will pop to 30/40/50 when the shorts are done. They know they won't be able to control it in long term. And I know they are losing monies on this stock. Everything will alright next week.
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Google parent Alphabet reported Q3 earnings, which beat on top and bottom lines. The company’s shares rose 4% on the results.
Alphabet’s revenue grew 15% year over year, which is stronger than the same quarter last year.
The company reported blow-out cloud revenue at $11.35 billion — up nearly 35% from the $8.41 billion a year ago. The company attributed its strong cloud results to their AI offerings, which includes subscriptions for enterprise customers.
$GOOG Alphabet ...
Alphabet’s revenue grew 15% year over year, which is stronger than the same quarter last year.
The company reported blow-out cloud revenue at $11.35 billion — up nearly 35% from the $8.41 billion a year ago. The company attributed its strong cloud results to their AI offerings, which includes subscriptions for enterprise customers.
$GOOG Alphabet ...
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