Market Review+Core Position Analysis (18/03-22/03 2024)
Last week in review 👉🏻Market Review+Core Position Analysis (11/03-15/03 2024)
“Letting the power of the market tell you where to put your money, rather than your personal opinion, is rarely a good substitute for market wisdom. Opinions are meaningless compared to market decisions.” -Mark Minervini
A quick review of this week's market behavior:
$NASDAQ 100 Index(.NDX.US$ Raise funds on Wednesday and distribute on Thursday;
$S&P 500 Index(.SPX.US$ Raise funds on Wednesday and distribute on Thursday;
$Dow Jones Industrial Average(.DJI.US$ Draw money on Wednesday and Thursday.
DJI > SPX > NDX
The rotation continues, as shown by the alternating rise of SPX, RSP/QQQ, and QQQE.
NDX and SPX weekly chart: NDX and SPX contracted and rose this week, showing minor differences. SPX has already crossed the upward trend line by a large margin. Currently, there is no intention at all, but it is difficult to be pessimistic in the face of new highs.
In terms of market sentiment:
The Fear & Greed Index and AAII are still fluctuating within the original range. It is worth noting that the AAII bear-watching ratio reached the highest value in nearly 4 weeks.
Core holdings:
$Palantir(PLTR.US$ The trading volume has gradually dried up in the past week. Although the price fluctuated a bit, the overall rest was very good. Managing this position is very simple. Using a weekly chart as defense, looking for opportunities to cut back when strength is strong, and I'm still riding 🚴🏻
$Meta Platforms(META.US$ I also experienced a week of contraction. There are no short-term reduction plans. Look at 10MA on the weekly chart and keep riding 🚴🏻
$Celsius Holdings(CELH.US$ I also experienced a week of downsizing, short-term unplanned cuts, defended using a weekly chart, and kept riding 🚴🏻
$Applovin(APP.US$ Two cuts were made this week when they were strong to make up for the disadvantage of entering the game late. Next, you can use the weekly chart as a defense and continue riding 🚴🏻
$CrowdStrike(CRWD.US$ Recently, prices and trading volume have cooled down at the same time, and on the basis that the major trends on the weekly chart are not disrupted, they will hold the lead in this cybersecurity sector for a long time 🚴🏻
Core position performance this week:
QQQ: +3.01%
PLTR:+2.94%
META:+5.26%
CELH:-0.47%
APP:+12.83%
CRWD:+3.78%
Core position YTD performance:
QQQ +9.15%
PLTR:+40.83%
META:+44.12%
CELH:+69.59%
APP:+78.75%
CRWD:+28.3%
Date of the recent peak price intensity of core positions:
NDX: 19/12/2023
PLTR:12/02/2024
META:02/02/2024
CELH:29/02/2024
APP:16/02/2024
CRWD:15/12/2023
Profit and loss of core holdings and their share:
Current cash ratio (0.02% +9.32%) and account yield:
“The larger the position, the greater the effect of fear, increasing the possibility of being swayed by meaningless temporary adverse price movements.” -Jack Schwager
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practical NyanCat_76 : Hi Bro, PLTR daily chart is coming down right?
sTone83OP practical NyanCat_76: vs
面如冠玉的惠特克 : Brother, why did you use these 30 and 10 moving average? thanks
sTone83OP 面如冠玉的惠特克: I'm lazy to switch because the weekly line is also 10, 30
,
I accidentally discovered that the 30th was also in line with this upward trend
If I only chose one chart and one moving average, my choice would be weekly chart+30MA