Hi

The US CPI for March 2024 will be released on April 10, 2024 at 8:30 a.m. Eastern Time.
That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and adios!

This week, I bought back some NVDL and opened positions in AMD (because AMD has launched the MI300, which is said to be comparable to the H100 or even H200. I personally think there is a higher possibility of a positive financial report for AMD). I also opened positions in energy and gold. The AI sector is expected to enter a sideways consolidation phase next. If the overall market does not fall, funds will flow into major sectors for catch-up gains. The mistakes in options trading during this cycle resulted in a significant profit retracement, which is definitely frustrating. It's really difficult to not let emotions affect trading. I will review the week over the weekend and start anew next week.

The Non-Farm Report shows that the Federal Reserve can be patient in fighting inflation. The job market did not suddenly weaken, leaving the Federal Reserve in a difficult situation where it must not only consider solving the problems affected by the labor market, but also pay attention to excessive inflation.
US Treasury yields and the dollar soared, driven by a sharp increase in non-farm payrolls. The US labor market remains strong, which will delay expectations of interest rate cuts.
US Treasury yields rose after another hot employment report came out. The 2-year Treasury yield jumped 5 basis points to 4.70%. The 10-year treasury bond rose 7 basis points to 4.38%. Interest rate cuts are expected to fall in June. The current forecast is to cut interest rates by 14 basis points, compared to 16 basis points previously. The OIS swap shows that interest rate cuts are expected to drop to 68 basis points this year.
Current bets on the Fed's interest rate cut show that the interest rate cut expectations for September (not July) are fully priced. So, the initial conclusion from the swap market is that the Federal Reserve has more time to put aside interest rate cuts.

Tesla hit bottom and rebounded today, you can initiate long positions on the left, and after the financial report, you can wait for FSD.
As long as the S&P holds above 5200, there will be no callback. The Nasdaq has retraced the 18024 momentum alert line. These two indicators must be maintained until Thursday, otherwise there is an 85% probability of a callback.

Tesla's fundamentals will be stable after the first-quarter financial report. Watch the progress of FSD. If the left side breaks through 182 and the right side adds positions, it can go all in when the technical side increases to 188.