M968107
liked
Last week in review 👉🏻Market Review+Position Analysis (08/07-12/07 2024)
“Keep an eye on your portfolio and be careful when you start experiencing unusual behavior.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index (.NDX.US)$ distributed on Wednesday;
$S&P 500 Index (.SPX.US)$ Raise funds on Tuesday and distribute on Wednesday;
$Russell 2000 Index (.RUT.US)$ Attracting funds on Monday and Tuesday;
RUT>SPX>NDX.
On Monday and Tuesday, the market overheated response to Trump's assassination last weekend, and then drastically revised over the next three days; judging from the trading volume for the next three days, NDX and SPX were both large trading volumes, while RUT was relatively small. The rotation was further confirmed here; BTC-related, biotech, housing construction, finance and other fields gradually showed strength, and money continued to work in an orderly manner during the summer.
Weekly chart:
NDX has been corrected to around the 10-week line, and SPX is back below the channel pressure line, all with large trading volumes and incremental volumes; although the RUT is not looking good, given the excessive crazy gains of the previous few days and is in the early stages of breaking through after two years of consolidation, there is no need to worry too much about this candle pattern.
Personal breadth records:
The trend of healthy breadth is still very much maintained...
“Keep an eye on your portfolio and be careful when you start experiencing unusual behavior.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index (.NDX.US)$ distributed on Wednesday;
$S&P 500 Index (.SPX.US)$ Raise funds on Tuesday and distribute on Wednesday;
$Russell 2000 Index (.RUT.US)$ Attracting funds on Monday and Tuesday;
RUT>SPX>NDX.
On Monday and Tuesday, the market overheated response to Trump's assassination last weekend, and then drastically revised over the next three days; judging from the trading volume for the next three days, NDX and SPX were both large trading volumes, while RUT was relatively small. The rotation was further confirmed here; BTC-related, biotech, housing construction, finance and other fields gradually showed strength, and money continued to work in an orderly manner during the summer.
Weekly chart:
NDX has been corrected to around the 10-week line, and SPX is back below the channel pressure line, all with large trading volumes and incremental volumes; although the RUT is not looking good, given the excessive crazy gains of the previous few days and is in the early stages of breaking through after two years of consolidation, there is no need to worry too much about this candle pattern.
Personal breadth records:
The trend of healthy breadth is still very much maintained...
Translated
+15
27
M968107
liked
Before we get started, just wanted to remind you to smash that like button and leave a comment below to let me know what you think! 👍💬
Few days ago, I shared a pose regarding MJ indicator🔸 A Must-Have Technical Indicator! MACD + KDJ=MJ(Unlock Your Trading Potential)📈, a lot of mooers like this type of post and DM me to share more, so here comes the 2nd indicator (⭐ SLINE Ribbon⭐ ) that you must safe and use❤❤❤.
Lets take Tesla( $Tesla (TSLA.US)$ )NVIDIA( ...
Few days ago, I shared a pose regarding MJ indicator🔸 A Must-Have Technical Indicator! MACD + KDJ=MJ(Unlock Your Trading Potential)📈, a lot of mooers like this type of post and DM me to share more, so here comes the 2nd indicator (⭐ SLINE Ribbon⭐ ) that you must safe and use❤❤❤.
Lets take Tesla( $Tesla (TSLA.US)$ )NVIDIA( ...
+3
76
10
M968107
voted
Cathie Wood-led Ark Invest added more $Tesla (TSLA.US)$ stock to its portfolio on Wednesday, raising its exposure to the electric vehicle maker for the third time in a row this week.
Ark Invest bought 1,343 shares, estimated to be worth $884,768, in Tesla on Wednesday.
$ARK Innovation ETF (ARKK.US)$ $ARK Autonomous Technology & Robotics ETF (ARKQ.US)$ $ARK Next Generation Internet ETF (ARKW.US)$ The three ETFs held 1.30 million shar...
Ark Invest bought 1,343 shares, estimated to be worth $884,768, in Tesla on Wednesday.
$ARK Innovation ETF (ARKK.US)$ $ARK Autonomous Technology & Robotics ETF (ARKQ.US)$ $ARK Next Generation Internet ETF (ARKW.US)$ The three ETFs held 1.30 million shar...
4
M968107
liked
$SIA (C6L.SG)$ Monitor for rebound soon...
7
28
M968107
voted
People always say: choose a path and stick to it.
But is there a positive correlation between persistence and returns?
No matter what you are trying to achieve, stick to it till the end. It's the only way to find out whether the choice is right or wrong.
For those who possess dogged perseverance, let's see how they're doing.
@Charstey: $Mullen Automotive (MULN.US)$ y'all got to remember bears are still posting even if you block them and they can easily...
But is there a positive correlation between persistence and returns?
No matter what you are trying to achieve, stick to it till the end. It's the only way to find out whether the choice is right or wrong.
For those who possess dogged perseverance, let's see how they're doing.
@Charstey: $Mullen Automotive (MULN.US)$ y'all got to remember bears are still posting even if you block them and they can easily...
+9
48
80
M968107
reacted to
the whole market is performing like as though they all had their earnings call yesterday
$Microsoft (MSFT.US)$
$Apple (AAPL.US)$
$NVIDIA (NVDA.US)$
$Tesla (TSLA.US)$
$Meta Platforms (FB.US)$
$Microsoft (MSFT.US)$
$Apple (AAPL.US)$
$NVIDIA (NVDA.US)$
$Tesla (TSLA.US)$
$Meta Platforms (FB.US)$
11
4
M968107
voted
Life's a struggle. Anyhow, life still goes on
Tasted all the flavors of life, and what came after them are countless troubles
How many problems do you need to face every day
How many nights, agony is the thing keeping you awake
— Shawn Sung
Some people may have the same feeling because that's how life works. So close your eyes, and everything will be alright.
Maybe things will get wors...
Tasted all the flavors of life, and what came after them are countless troubles
How many problems do you need to face every day
How many nights, agony is the thing keeping you awake
— Shawn Sung
Some people may have the same feeling because that's how life works. So close your eyes, and everything will be alright.
Maybe things will get wors...
+10
96
80
M968107
liked
The hawkish Federal Reserve said it wants to taper faster than expected and raise rates next year. However, the market rallied on that news, as stocks had sold off too far into the event. Now falling again on Thursday, though, and it's a mixed bag. With all of that in mind, let's look at a few top stock trades.
Top stock trades for today No. 1: Affirm Holdings
Like the typical trend in growth, $Affirm Holdings (AFRM.US)$ got crushed on the day.
Each rally has been sold in this one, as shares have crumbled lower since the November high. Now down almost 40% from Nov. 8, bulls are looking for some relief.
I almost have a bearish engulfing candle on the charts as Affirm blows through this week's low.
If the stock takes out this month's low at $96.44, it puts the gap-fill level at $92.29 in play, along with the 200-day moving average. That may generate a bounce.
Top stock trades for today No. 2: Adobe Systems
$Adobe (ADBE.US)$ stock was hammered on the day too, down about 10% after reporting earnings.
So far the stock is finding its footing near the 50-week moving average and the $552 low from October. If we get some sort of bounce or reversal from this area, let's see if Adobe can reclaim the 200-day.
Above that key measure and the post-earnings high is on the table, followed by a gap-fill toward $600.
However, a break of $550 that's not quickly reclaimed could send shares down to the $525 breakout area.
Top stock trades for today No. 3: Qualcomm
$Qualcomm (QCOM.US)$ got a nasty one on display yesterday. A close below $180 will cement it, as semiconductor stocks reverse hard on the day.
If it leads to further weakness, see how Qualcomm handles the daily VWAP measure, currently near $174.50 and trending higher. This stock has been trading great and even hit new highs by early yesterday.
But let's see where the buyers step in. If it's not at the VWAP, the $168 area could draw some interest. That was the prior high and where the 10-week moving average comes into play.
On the upside, though, I want to see a move back over the 10-day and 21-day moving averages.
Top trades for today No. 4: Costco Wholesale
Last but not least, let's see $Costco (COST.US)$. I have been watching this one for a breakout over around $560. It actually got that breakout on Wednesday, but reversed lower on Thursday.
From here, let's see if Costco stock can hold the 10-day moving average. If it can, it may be a buying opportunity for bulls.
On the upside, I'm looking for another trigger over $560.78 — call it $561. That immediately puts the recent high back in play at $566.50. Above, that and bulls can start looking for a larger rally.
If this one can set up and start trending higher, the 161.8% extension could eventually be in play, up near $590.
Source: InvestorPlace
Top stock trades for today No. 1: Affirm Holdings
Like the typical trend in growth, $Affirm Holdings (AFRM.US)$ got crushed on the day.
Each rally has been sold in this one, as shares have crumbled lower since the November high. Now down almost 40% from Nov. 8, bulls are looking for some relief.
I almost have a bearish engulfing candle on the charts as Affirm blows through this week's low.
If the stock takes out this month's low at $96.44, it puts the gap-fill level at $92.29 in play, along with the 200-day moving average. That may generate a bounce.
Top stock trades for today No. 2: Adobe Systems
$Adobe (ADBE.US)$ stock was hammered on the day too, down about 10% after reporting earnings.
So far the stock is finding its footing near the 50-week moving average and the $552 low from October. If we get some sort of bounce or reversal from this area, let's see if Adobe can reclaim the 200-day.
Above that key measure and the post-earnings high is on the table, followed by a gap-fill toward $600.
However, a break of $550 that's not quickly reclaimed could send shares down to the $525 breakout area.
Top stock trades for today No. 3: Qualcomm
$Qualcomm (QCOM.US)$ got a nasty one on display yesterday. A close below $180 will cement it, as semiconductor stocks reverse hard on the day.
If it leads to further weakness, see how Qualcomm handles the daily VWAP measure, currently near $174.50 and trending higher. This stock has been trading great and even hit new highs by early yesterday.
But let's see where the buyers step in. If it's not at the VWAP, the $168 area could draw some interest. That was the prior high and where the 10-week moving average comes into play.
On the upside, though, I want to see a move back over the 10-day and 21-day moving averages.
Top trades for today No. 4: Costco Wholesale
Last but not least, let's see $Costco (COST.US)$. I have been watching this one for a breakout over around $560. It actually got that breakout on Wednesday, but reversed lower on Thursday.
From here, let's see if Costco stock can hold the 10-day moving average. If it can, it may be a buying opportunity for bulls.
On the upside, I'm looking for another trigger over $560.78 — call it $561. That immediately puts the recent high back in play at $566.50. Above, that and bulls can start looking for a larger rally.
If this one can set up and start trending higher, the 161.8% extension could eventually be in play, up near $590.
Source: InvestorPlace
+3
62
M968107
liked