Market Review+Core Position Analysis (11/03-15/03 2024)
Last week in review 👉🏻Market Review+Core Position Analysis (04/03-08/03)
“In a trade that used to be profitable, you might think the balance of payments is stupid; but if you turn big gains into losses, you'll feel worse.” -Mark Minervini
A quick review of this week's market behavior:
$NASDAQ 100 Index(.NDX.US$ Dispatched on Wednesday, Thursday and Friday;
$S&P 500 Index(.SPX.US$ Funding is attracted on Tuesday, and distributed on Thursday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Funding is drawn up on Tuesday and distributed on Thursday and Friday.
SPX>DJI>NDX
Distribution dominated the market in the last two weeks: NDX had 5 distribution days in the past two weeks, SPX and DJI 4 times;
NDX and DJI fell below 30MA. NDX will need to stand at 30MA for the next two days to continue this trend; otherwise, more distributions and liquidations will follow ~
NDX and SPX weekly chart: NDX has been falling for two consecutive weeks for the first time since November, and both are distribution weeks, and SPX has almost lost the possibility of short-term climbing. Sooner or later, there is no need to wait until next week to end. If there is upward momentum in the future, it is likely that it will usher in more distributions.
In terms of market sentiment:
The AAII and Fear & Greed Index continued to fluctuate within the dangerous range, with no significant changes.
Core position analysis:
$Palantir(PLTR.US$ If I have strength next week, I will use strength to reduce it; if strength doesn't exist, I will defend at the weekly chart level and continue riding for now 🚴🏻
$Applovin(APP.US$ There isn't much profit at the moment, and there's nothing to be done. Next week I need to watch closely and keep riding for now 🚴🏻
$Meta Platforms(META.US$ The current price level is mixed with a little distribution, so there's no need to worry too much about it and keep riding 🚴🏻
$Celsius Holdings(CELH.US$ There is no problem with the current behavior. The breakthrough power of the clean-up cycle is still effective, keep riding 🚴🏻
$CrowdStrike(CRWD.US$ It's still the strongest chart in the cybersecurity field at present. Defend on the biggest weekly chart and keep riding 🚴🏻
Core position performance this week:
QQQ: -1.16%
PLTR:-9.79%
APP:-0.46%
META:-4.32%
CELH:+4.51%
CRWD:-2.23%
Core position YTD performance:
QQQ: +5.96%
PLTR:+36.81%
APP:+58.42%
META:+36.91%
CELH:+70.4%
CRWD:+23.63%
Date of the most recent peak in price intensity:
NDX:19/12/2023
PLTR:12/02/2024
APP:16/02/2024
META:02/02/2024
CELG:29/02/2024
CRWD:15/12/2023
Profit and loss of core holdings and their share:
Current cash share: 6.89%
“The best traders lose money just as often as you, with the difference that they lose less.”
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Cherry Cat : Thanks for sharing every week
70207812 : Thank you for sharing
Glow3150 :
151083369 : Yesterday it closed below MA10. Are there any plans to move CELH positions today?
sTone83OP 151083369: There are no plans to move CELH in the near future because positions have been cut recently.
151083369 sTone83OP: What do you think of today's big red stick?
sTone83OP 151083369: Ignore the market reaction triggered by the news, don't be affected by short-term fluctuations. All transactions are in accordance with the rules
151083369 sTone83OP: The bad news fell 8% +, and the good news only rose 4% + yesterday. It also went against the market yesterday. I feel like it has turned into an egg. It's far different from the performance of app tennis. I quit first to see where it actually falls before making plans to enter.
sTone83OP 151083369: There is no problem withdrawing, you can re-enter at any time, and you can go back and review any transaction, and follow the plan set in advance
151083369 sTone83OP: Our plan may be A (EMA20), or B (MA10), or C (MA30), or a combination of reference data. However, in the end, it is constantly changing according to the stock itself, the market itself, and the relative dynamic relationship of stock prices to the market.
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