JoeyMoo
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Last week's review 👉🏻Market review + hold positions (30/09-04/10 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributions on Monday and Thursday;
$S&P 500 Index (.SPX.US)$ Distribute on Monday, absorb funds on Friday;
$Russell 2000 Index (.RUT.US)$ Distribute on Monday, absorb funds on Wednesday.
RUT > SPX > NDX.
NDX is approaching historical highs, currently showing a 3T VCP pattern, the price range has hardly changed in the last three days, and the moving averages are neatly arranged; SPX closed at a new high again, and it is impressive that at this time, companies with 3T market cap such as APPL, MSFT, and NVDA have not reached new highs; RUT has completed a shallow retracement in the third wave, risen back to the neckline, and could either continue to rise or narrow sideways.
Weekly charts:
NDX and SPX are still in the neutral zone of the uptrend channel, while RUT has shown a very good long-term setup and prices have been tightly close in the past four weeks.
Breadth:
Continue to maintain the green.
Weekly notes:
The RS of NIO in the trading names within the system has dropped significantly.
Market sentiment:
AAII's bullish ratio has risen significantly, and there was a counter-sentiment market behavior on Thursday, but the strength is insufficient.
The fear index is approaching extreme greed, and the price behavior of SPX this week has reached extreme greed.
Current positions...
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Distributions on Monday and Thursday;
$S&P 500 Index (.SPX.US)$ Distribute on Monday, absorb funds on Friday;
$Russell 2000 Index (.RUT.US)$ Distribute on Monday, absorb funds on Wednesday.
RUT > SPX > NDX.
NDX is approaching historical highs, currently showing a 3T VCP pattern, the price range has hardly changed in the last three days, and the moving averages are neatly arranged; SPX closed at a new high again, and it is impressive that at this time, companies with 3T market cap such as APPL, MSFT, and NVDA have not reached new highs; RUT has completed a shallow retracement in the third wave, risen back to the neckline, and could either continue to rise or narrow sideways.
Weekly charts:
NDX and SPX are still in the neutral zone of the uptrend channel, while RUT has shown a very good long-term setup and prices have been tightly close in the past four weeks.
Breadth:
Continue to maintain the green.
Weekly notes:
The RS of NIO in the trading names within the system has dropped significantly.
Market sentiment:
AAII's bullish ratio has risen significantly, and there was a counter-sentiment market behavior on Thursday, but the strength is insufficient.
The fear index is approaching extreme greed, and the price behavior of SPX this week has reached extreme greed.
Current positions...
Translated
+21
23
JoeyMoo
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JoeyMoo
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$Hang Seng Index (800000.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Affiliated Corporations Index (800151.HK)$ $SSE Composite Index (000001.SH)$ $Shenzhen Component Index (399001.SZ)$ $Chinext Price Index (399006.SZ)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$ $NASDAQ Golden Dragon China (.HXC.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $China Concept Stocks (LIST2517.US)$
$Hang Seng Index (800000.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Affiliated Corporations Index (800151.HK)$ $SSE Composite Index (000001.SH)$ $Shenzhen Component Index (399001.SZ)$ $Chinext Price Index (399006.SZ)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$ $NASDAQ Golden Dragon China (.HXC.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $China Concept Stocks (LIST2517.US)$