Quick thoughts to wrap up July
I would say it has been a good month for the stock market as both S&P500 and Nasdaq are on its way to 5th consecutive positive months.
Additionally, we have seen stocks and industries out of the magnificent 7 joining the rally - that’s good news for the bulls.
If bears still have something to fight for, it’s Aug and Sep that they are looking at as we are about to enter a seasonal bearish period.
But will you want to fight this uptrend? I wouldn’t though, till it’s proven that the trend is reversing.
Additionally, we have seen stocks and industries out of the magnificent 7 joining the rally - that’s good news for the bulls.
If bears still have something to fight for, it’s Aug and Sep that they are looking at as we are about to enter a seasonal bearish period.
But will you want to fight this uptrend? I wouldn’t though, till it’s proven that the trend is reversing.
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Amazon(AMZN.US$ $NVIDIA(NVDA.US$ $Netflix(NFLX.US$ $Microsoft(MSFT.US$ $Alphabet-A(GOOGL.US$ $Advanced Micro Devices(AMD.US$ $Starbucks(SBUX.US$ $McDonald's(MCD.US$ $Adobe(ADBE.US$ $Enphase Energy(ENPH.US$ $Intel(INTC.US$ $Morgan Stanley(MS.US$ $Bank of America(BAC.US$ $Citigroup(C.US$ $Goldman Sachs(GS.US$ $Meta Platforms(META.US$ $Direxion Daily TSLA Bull 2X Shares(TSLL.US$ $AXS TSLA BEAR DAILY ETF(TSLQ.US$ $Financial Select Sector SPDR Fund(XLF.US$ $Spdr S&P Bank Etf(KBE.US$ $Salesforce(CRM.US$ $CrowdStrike(CRWD.US$ $Palantir(PLTR.US$ $Sea(SE.US$ $Grab Holdings(GRAB.US$
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