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Hey, mooers!
We're rolling out the P/L Challenge earlier this time as we near the end of Q3. It's a great moment to review our trading outcomes for this quarter and prepare for what's next in Q4!
The stock market was quite unpredictable in Q3, influenced by the unclear economic future. In line with expectations, the Federal Reserve has started to lower interest rates, the first cut in four years. Have these market movements pro...
We're rolling out the P/L Challenge earlier this time as we near the end of Q3. It's a great moment to review our trading outcomes for this quarter and prepare for what's next in Q4!
The stock market was quite unpredictable in Q3, influenced by the unclear economic future. In line with expectations, the Federal Reserve has started to lower interest rates, the first cut in four years. Have these market movements pro...
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$Tesla (TSLA.US)$ looks like selling today
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$Illumina (ILMN.US)$ The callback is almost over. Hold it for at least six months to maximize profits. Fluctuations are inevitable.
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$Tesla (TSLA.US)$ When choosing a direction, it should be upwards.
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$Tesla (TSLA.US)$ Sunshine after the rain. but elonmusk leftover50% passing cloud still on the way frm the west..
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Hello mooers:
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Performance Tracking of Previous Column (10/25)
There are 3 out of 10 selected stocksthat followed the suggested movement provided by the RSI indicator.
What now?
During the previous week, the stock market has lowered slightly while Nasdaq 100 has made slight progress. This stock market movement reminds me of the "Nifty Fifty" from the 70s. Top companies' stock prices support the market until it crashed. Professor Chris Beyrer from John Hopkins is seeing another year of covid, which helped $Moderna (MRNA.US)$ rebound 14%, while I am seeing a good week ahead of us from the "Santa Claus rally".
"While the $Disney (DIS.US)$ stock slide is not exactly a bullish reaction to earnings, the losses aren't too bad and bulls are buying the dip," said TheStreet's Bret Kenwell. "That's about as much as investors could ask for in a situation where a and as Disney came up short on subscriber estimates."
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators $PayPal (PYPL.US)$ $Best Buy (BBY.US)$ $Arista Networks (ANET.US)$
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Performance Tracking of Previous Column (10/25)
There are 3 out of 10 selected stocksthat followed the suggested movement provided by the RSI indicator.
What now?
During the previous week, the stock market has lowered slightly while Nasdaq 100 has made slight progress. This stock market movement reminds me of the "Nifty Fifty" from the 70s. Top companies' stock prices support the market until it crashed. Professor Chris Beyrer from John Hopkins is seeing another year of covid, which helped $Moderna (MRNA.US)$ rebound 14%, while I am seeing a good week ahead of us from the "Santa Claus rally".
"While the $Disney (DIS.US)$ stock slide is not exactly a bullish reaction to earnings, the losses aren't too bad and bulls are buying the dip," said TheStreet's Bret Kenwell. "That's about as much as investors could ask for in a situation where a and as Disney came up short on subscriber estimates."
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators $PayPal (PYPL.US)$ $Best Buy (BBY.US)$ $Arista Networks (ANET.US)$
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m123
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Constantly averaging down my price. Currently, $Alibaba (BABA.US)$ is the largest position in my portfolio. Current price reflects short term bearish investor sentiment with recent regulatory crackdown, which is a good opportunity to lower down cost price. Strong fundamentals despite missing recent earnings report. I think current price is trading at extreme margin of safety with huge upside in the long run.
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$Alibaba (BABA.US)$ sell half .. and keep half .if it goes down below $133 . let it
all goes . and wait for $125.
all goes . and wait for $125.
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