Market Review+Core Position Analysis (25/03-28/03 2024)
Last week in review 👉🏻Market Review+Core Position Analysis (18/03-22/03 2024)
“As buyers and sellers gather in the auction market, charts allow us to see what's going on with specific stocks. They distill the conflict between emotional and logical decisions into clear visual displays.” -Mark Minervini
A quick review of this week's market behavior:
$NASDAQ 100 Index(.NDX.US$ Funding is drawn up on Monday, distributed on Tuesday, and the week is divided;
$S&P 500 Index(.SPX.US$It is distributed on Monday and Tuesday; funds are attracted on Wednesday; the week is divided;
$Dow Jones Industrial Average(.DJI.US$ Wednesday attracted funds, and the week was divided.
SPX>DJI>NDX
The market rotated throughout March. Judging from the monthly chart results of some special ETFs, this month the market focused more on small-cap and mid-cap stocks, big tech, and the leaders at the beginning of the year were more or less taking a break or absorbing the excessively strong gains in January-February.
NDX and SPX weekly charts: NDX is slightly fatigued, and SPX continues to set new highs;
Looking at the larger cycle, the upward trend is still valid, and it is in the early stages. The strongest period in the market has not yet arrived, and short-term adjustments are indispensable (in fact, the market has been adjusting for nearly a month, but it is more profitable to follow the behavior of individual stocks and sectors)
Market sentiment:
The AAII and Fear & Greed Index are still operating within the previous range, and there hasn't been much change in the last 6 weeks.
Core holdings:
$Palantir(PLTR.US$ This week began a sharp fluctuation pattern. The daily chart and weekly chart tell two stories: restless traders have begun to vigorously promote the “head and shoulder” structure of the daily chart (the same story happened at NVDA in October last year); the weekly chart and its trading volume tell another story (trading volume is green, red, and short). Breaking through the weekly momentum is still effective. The closing price of the weekly chart is currently very close to 10MA (around 22.6). After closing next Friday, they will act on the relative position of the closing price and the 10-week moving average. It may fluctuate a lot in the short term. OK 🚴🏻
$Meta Platforms(META.US$I usually put it as the last name I watched. Currently, I'm still resting within a narrow price range. The weekly chart is about to face the 10MA test. For large market capitalization stocks, in a wave of upward trends, the stronger the depth of the graphic test, which highlights the strength of the stock. The next few weeks will be a good time to test its strength, and I will continue to ride 🚴🏻
$Celsius Holdings(CELH.US$ Recently, a pattern with weak daily charts and strong weekly charts has also been shown. Using the 10MA weekly chart for defense is still appropriate. Traders need to maintain confidence in their trading settings, compile a list of breakthroughs for 6 months, don't worry too much about a small number of short-term fluctuations, and need to take a farther perspective. You will be able to see more clearly and understand where you need to focus. As long as the main advantages of stocks still exist, please don't make hasty decisions through speculation and personal emotion. “Currently, maintaining the same open attitude towards results in both directions” is a very important mentality. Keep on riding 🚴🏻
$Applovin(APP.US$ I have also entered the weekly testing session. Recently, the intensity is slightly stronger than some other leaders, and I continue to ride 🚴🏻
$CrowdStrike(CRWD.US$ The current leader in cybersecurity is currently still at rest. The weekly chart is getting tight, the trading volume is gradually drying out, and the price is close to 10MA. This is a move close to a big move, keep riding 🚴🏻
Core position performance this week:
QQQ: -0.53%
PLTR:-4.84%
META:-4.71%
CELH:-10.32%
APP:-2.82%
CRWD:-2.13%
Core position YTD performance:
QQQ: +8.57%
PLTR:+34.01%
META:+37.33%
CELH:+52.09%
APP:+73.7%
CRWD:+25.56%
Date of 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, as a proportion:
Current cash share: 3.23%
“Emotional trading isn't good for a trader's success. To avoid this, traders need to make a trading plan and stick to it, while also managing their emotions” - Mark.Douglas
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Cherry Cat : Thanks for sharing!
蛤蛤 : oxen
妲己 : Please tell me what ERF did you buy
sTone83OP 妲己: ERF?
妲己 sTone83OP: ETF
sTone83OP 妲己: XBI, GLD, PSCI, MDY, TNA;
The short-term effect of replacing cash will be slightly better than the IMF market
妲己 sTone83OP: thanks