MONEYCOMETOME
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1
MONEYCOMETOME
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Hello mooers!
As September 2024 comes to a close, we take a moment to reflect on a tumultuous month marked by significant market volatility and pivotal economic events that shaped trading strategies and decision-making within our dynamic community. From Nvidia's somber guidance that triggered a downturn to the eagerly awaited Federal Reserve rate cuts and the positive surge in Chinese stocks following policy stimuli, mooers ...
As September 2024 comes to a close, we take a moment to reflect on a tumultuous month marked by significant market volatility and pivotal economic events that shaped trading strategies and decision-making within our dynamic community. From Nvidia's somber guidance that triggered a downturn to the eagerly awaited Federal Reserve rate cuts and the positive surge in Chinese stocks following policy stimuli, mooers ...
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MONEYCOMETOME
voted
$NATGATE (0270.MY)$ time to give up on this share?
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MONEYCOMETOME
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Last week's review👉🏻Market review + positions (23/09-27/09 2024)
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Tuesday and Thursday distribution, Friday absorption;
$S&P 500 Index (.SPX.US)$ Monday absorption, Tuesday distribution, Friday absorption;
$Russell 2000 Index (.RUT.US)$ Thursday distribution, Friday absorption.
spx > rut < ndx.
NDX and SPX both experienced a small dip this week, basically recovered on Friday; RUT had a second small retreat, testing the 20, 30 MA; all three indices closed above the 10 MA on Friday; overall, it's a swinging market, a bit boring, the market's profit effect is not yet optimal, it's also a good time for the market to help screen stocks, where you can see which names quickly attract buyers after a dip, and which ones are left unnoticed.
Weekly charts:
NDX and SPX tested the previous neckline, while RUT completed a 10-week weekly chart test, all in low volume weeks.
Breadth Record:
Continuing to stay green.
Weekly Notes:
The RS strength of APLD in internal system trades slightly downgraded.
Market sentiment:
The overheated sentiment of AAII has cooled slightly, and the counter-sentiment behavior on Thursday and Friday has slightly helped the index to rise. However, the main increase was driven by Labor Day on Friday...
Market behavior this week:
$NASDAQ 100 Index (.NDX.US)$ Tuesday and Thursday distribution, Friday absorption;
$S&P 500 Index (.SPX.US)$ Monday absorption, Tuesday distribution, Friday absorption;
$Russell 2000 Index (.RUT.US)$ Thursday distribution, Friday absorption.
spx > rut < ndx.
NDX and SPX both experienced a small dip this week, basically recovered on Friday; RUT had a second small retreat, testing the 20, 30 MA; all three indices closed above the 10 MA on Friday; overall, it's a swinging market, a bit boring, the market's profit effect is not yet optimal, it's also a good time for the market to help screen stocks, where you can see which names quickly attract buyers after a dip, and which ones are left unnoticed.
Weekly charts:
NDX and SPX tested the previous neckline, while RUT completed a 10-week weekly chart test, all in low volume weeks.
Breadth Record:
Continuing to stay green.
Weekly Notes:
The RS strength of APLD in internal system trades slightly downgraded.
Market sentiment:
The overheated sentiment of AAII has cooled slightly, and the counter-sentiment behavior on Thursday and Friday has slightly helped the index to rise. However, the main increase was driven by Labor Day on Friday...
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