Market Summary 4th March 2024

When markets reach their peak, they can either shoot up quickly and then drop (what's known as a "climax top") or start to weaken bit by bit from the inside. While we haven't seen a big downturn yet, it's important to keep an eye on how things develop, especially with the $iShares Russell 2000 ETF(IWM.US)$ index trying to push higher. If it doesn't succeed, we might see things change quickly. Similarly, the $Invesco QQQ Trust(QQQ.US)$, which tracks larger tech companies, is at a critical point. We'll need to watch carefully to see how stocks perform at these key levels.

For $Sea(SE.US)$, price reacted positively after earnings, but close a bearish candle due to overhead supply. Crypto stocks like $MicroStrategy(MSTR.US)$ $Coinbase(COIN.US)$ continue to go higher riding on Bitcoin hype. At the moment I am typing this, Bitcoin is at $68K.

US Hot Stocks: $Tesla(TSLA.US)$ $NVIDIA(NVDA.US)$ $Super Micro Computer(SMCI.US)$ $Apple(AAPL.US)$ $Sea(SE.US)$ $Advanced Micro Devices(AMD.US)$ $Marathon Digital(MARA.US)$ $Palantir(PLTR.US)$ $NIO Inc(NIO.US)$ $Alphabet-C(GOOG.US)$