Resilient Market - Start of new Bull run?
Chaos and fear in the banking sector have spilled over to Switzerland and Germany. In US, Federal Reserve is still raising interest rate, inflation is still high at 6%, yet the stock market continued to rally like nobody’s business.
This shows how resilient the current US stock market is. But what could be the reason behind this strong market? And is it sustainable?
I have them covered in my latest video. At the same time, I also shared 1 Tesla option trade that I made last week.
So watch on if you are interested. Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google + Option trades on TSLA & GOOGL
From YouTube
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Netflix(NFLX.US$ $Microsoft(MSFT.US$ $Alphabet-A(GOOGL.US$ $NVIDIA(NVDA.US$ $Meta Platforms(META.US$ $iShares Russell 2000 ETF(IWM.US$ $NASDAQ 100 Index(.NDX.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $USD(USDindex.FX$ $TSLA 230303 285.00C(TSLA230303C285000.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $Morgan Stanley(MS.US$ $Bank of America(BAC.US$ $JPMorgan(JPM.US$ $Amazon(AMZN.US$ $First Republic Bank(FRC.US$ $SVB Financial(SIVB.US$ $Deutsche Bank(DB.US$ $Credit Suisse(CS.US$ $UBS Group(UBS.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $Financial Select Sector SPDR Fund(XLF.US$
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icezzz : Thanks for sharing. How about Ta for qqq? Id it similar to spy?
费北敬 : Cash is king
Silverbat : April is cheerful !
Cow Moo-neyOP icezzz: Hello, quick glance at the chart shows that it’s at resistance level now, at 311. If it can break above with 2-3 candles, we could have some chance of charging towards high 320s.
Support at around 289-290. If we break below that, then we got to be careful
Talented Mr Ripley : FEAR is overrated. Retail investors aren't falling for the scary BS. Certainly NOT going to buy bonds or foreign holdings, other than TCEHY maybe. FUTU is trash.