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Last week in review 👉🏻Market Review+Core Position Analysis (08/04-12/04 2024)
“In the stock market, you can stand outside the market for free, watch and wait for the best time to bet. You can see the 'bottom card' of the market for free before placing a bet.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Dispatched on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Dispatched on Tuesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Attracting funds on Friday.
DJI > SPX > NDX
The market went all the way down after cutting the “Sky Pool” on Monday. During this period, we can see that some people in the pool have become part of the seller's force due to emotional effects. Although the market is currently oversold in the short term and there is a possibility of a rapid rebound in the short term, we still cannot ignore the potential selling pressure of nearly 2 months. I never smartly search for so-called support levels. Every bottom is decided by buyers and sellers of all market participants. At that time, the market may once again give a clear signal like the “O'Neill Rule” on November 2 last year. Patience is necessary, and at the same time Be prepared for the potential next upward wave, and when it arrives, there are endless opportunities.
NDX and SPX weekly charts:
From week to week...
“In the stock market, you can stand outside the market for free, watch and wait for the best time to bet. You can see the 'bottom card' of the market for free before placing a bet.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Dispatched on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Dispatched on Tuesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Attracting funds on Friday.
DJI > SPX > NDX
The market went all the way down after cutting the “Sky Pool” on Monday. During this period, we can see that some people in the pool have become part of the seller's force due to emotional effects. Although the market is currently oversold in the short term and there is a possibility of a rapid rebound in the short term, we still cannot ignore the potential selling pressure of nearly 2 months. I never smartly search for so-called support levels. Every bottom is decided by buyers and sellers of all market participants. At that time, the market may once again give a clear signal like the “O'Neill Rule” on November 2 last year. Patience is necessary, and at the same time Be prepared for the potential next upward wave, and when it arrives, there are endless opportunities.
NDX and SPX weekly charts:
From week to week...
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In this article, I'll discuss the pitfalls of
options during TSM's earnings season,
what options beginners should start with,
and my outlook on TSM's future.
1. Pitfalls of Options During TSM's Earnings Season
It's the afternoon of April 19th, Beijing time.
In the morning, news of conflict led to a sharp drop in the US ...
options during TSM's earnings season,
what options beginners should start with,
and my outlook on TSM's future.
1. Pitfalls of Options During TSM's Earnings Season
It's the afternoon of April 19th, Beijing time.
In the morning, news of conflict led to a sharp drop in the US ...
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icezzz
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Another quick update since yesterday went south.
This will just be quick. The market wants more downside. A lot more. This could be a huge years long top. I don't like the way it topped. it's not a true top to me, not that that matters to the markets. We could see a strong rebound. but not until we get to a good holding point. Watch the 5 MA on the daily chart. As long as price remains below that the upside is limited.
$Invesco QQQ Trust(QQQ.US$
I'm looking at more downside to ...
This will just be quick. The market wants more downside. A lot more. This could be a huge years long top. I don't like the way it topped. it's not a true top to me, not that that matters to the markets. We could see a strong rebound. but not until we get to a good holding point. Watch the 5 MA on the daily chart. As long as price remains below that the upside is limited.
$Invesco QQQ Trust(QQQ.US$
I'm looking at more downside to ...
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icezzz
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Let's boost the knowledge about trading in Japan. Earn points by answering correctly!
Today's Question
🏆 Score 10 points for the right answer!
🗓Duration: From 11:59 AM, Apr 16th, 2024, to 11:59 AM Apr 18th, 2024
Why do we start this topic about the Japanese stock market? We will reveal the answer on Apr 18th! Before that, we will have a daily quiz every day!
Stay tuned for more que...
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To avoid all the potential noise and focus on your own chart, start turning off the comments feature now 🚴🏻
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Let's talk about the recent addition of NASDAQ 100 and the weekly chart 30MA to the new watch list 👇
$NASDAQ 100 Index(.NDX.US$ $Invesco QQQ Trust(QQQ.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
From the weekly chart's trading volume, you can clearly see:
Stocks, ETFs, and futures have been distributed simultaneously for three weeks in recent weeks, and it is undeniable that sellers have a clear advantage recently 👇
In addition, the 30MA test with an upward trend in the weekly chart added some selected names to the watch list. A new account (other brokerage firms) will be opened to focus on managed transactions around the 30MA weekly chart, and the MooMoo account will return to focusing on swing trading with a cycle of 2 weeks to 2 months.
From the weekly chart's trading volume, you can clearly see:
Stocks, ETFs, and futures have been distributed simultaneously for three weeks in recent weeks, and it is undeniable that sellers have a clear advantage recently 👇
In addition, the 30MA test with an upward trend in the weekly chart added some selected names to the watch list. A new account (other brokerage firms) will be opened to focus on managed transactions around the 30MA weekly chart, and the MooMoo account will return to focusing on swing trading with a cycle of 2 weeks to 2 months.
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icezzz
commented on
icezzz
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Last week in review 👉🏻Market Review+Core Position Analysis (25/03-28/03 2024)
“Major profitable deals came into play right away... [They] acted differently, they burst and went, and I never needed to go through a period of failure with them.” -Peter Brandt
A quick review of this week's market behavior:
$NASDAQ 100 Index(.NDX.US$ with $S&P 500 Index(.SPX.US$ distributed on Tuesday and Thursday;
$Dow Jones Industrial Average(.DJI.US$ Dispatched on Tuesday and Wednesday.
SPX>NDX>DJI
This week was an obvious distribution week in terms of stocks;
It is worth noting the difference in trading volume between the NASDAQ 100 and S&P 500 actual stocks and index futures on Thursday and Friday: actual stock trading volume ~ Thursday > Friday, futures trading volume ~ Thursday < Friday; in combination with SPX, SPY, and QQQ, the three most active options are excessively unbalanced bullish/bearish on Thursday and Friday, so it's easy to understand the differences in index and futures trading volume;
Also, the 30MA, which I have been using to track this upward trend, was also broken through by the longest red candle with a large trading volume on Thursday (the longest red candle in the past 5 months), which is one of the most important factors in choosing one-click clearance after the day's close.
NDX...
“Major profitable deals came into play right away... [They] acted differently, they burst and went, and I never needed to go through a period of failure with them.” -Peter Brandt
A quick review of this week's market behavior:
$NASDAQ 100 Index(.NDX.US$ with $S&P 500 Index(.SPX.US$ distributed on Tuesday and Thursday;
$Dow Jones Industrial Average(.DJI.US$ Dispatched on Tuesday and Wednesday.
SPX>NDX>DJI
This week was an obvious distribution week in terms of stocks;
It is worth noting the difference in trading volume between the NASDAQ 100 and S&P 500 actual stocks and index futures on Thursday and Friday: actual stock trading volume ~ Thursday > Friday, futures trading volume ~ Thursday < Friday; in combination with SPX, SPY, and QQQ, the three most active options are excessively unbalanced bullish/bearish on Thursday and Friday, so it's easy to understand the differences in index and futures trading volume;
Also, the 30MA, which I have been using to track this upward trend, was also broken through by the longest red candle with a large trading volume on Thursday (the longest red candle in the past 5 months), which is one of the most important factors in choosing one-click clearance after the day's close.
NDX...
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icezzz
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Miners Are Breaking Out
I bought this week, starting on wednesday. Here are my buys. They were all red when I bought, except EC on Tuesday, but I wanted in before the late earnings run up.
$Vale SA(VALE.US$
$APPIA RARE EARTHS & URANIUM CORP(APAAF.US$
this is a uranium play
$Cemex(CX.US$
cement for all the building that is going on
$Sprott Physical Silver Trust(PSLV.US$
this is PHYSICAL Silver, meaning they actually have silver backing your shares.
$Ecopetrol(EC.US$
This is a divide...
I bought this week, starting on wednesday. Here are my buys. They were all red when I bought, except EC on Tuesday, but I wanted in before the late earnings run up.
$Vale SA(VALE.US$
$APPIA RARE EARTHS & URANIUM CORP(APAAF.US$
this is a uranium play
$Cemex(CX.US$
cement for all the building that is going on
$Sprott Physical Silver Trust(PSLV.US$
this is PHYSICAL Silver, meaning they actually have silver backing your shares.
$Ecopetrol(EC.US$
This is a divide...
loading...
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Yesterday, we saw a sharp rise in the volatility index and the volatility of many individual stocks. It appears we have entered a belated shift in price behavior, and trading breakthroughs will be challenging.
First-time jobless claims are still low, close to pre-pandemic levels, and below historical standards. Wall Street had predicted that the Federal Reserve would start cutting interest rates in March. But that never happened, and it's unlikely to happen anytime soon. Now some people are questioning whether interest rates will start falling this year!
As volatility rises, bullish sentiment rises, and individual stock trends are questionable, I see no reason to take any other action other than to be cautious for the time being and until the situation improves.
The long-term trend is upward, but a short-term pullback of 4-7% or even as high as 10-12% is normal. A pullback of this magnitude probably won't happen, but it is long overdue.
We haven't seen $VIX increase of 150% or more since 2006; before that, it was 1993. We entered a bear market in 2006, but 1993 was just an adjustment/consolidation.
Our long-term $SPY trend model is still bullish and we haven't seen a major top form. However, our equity-specific STEM risk model is at the highest level of caution. That's pretty much all we need to know in the short term. Breakouts don't work, stop losses don't hold... no trades.
The above continuous content Mark already has...
First-time jobless claims are still low, close to pre-pandemic levels, and below historical standards. Wall Street had predicted that the Federal Reserve would start cutting interest rates in March. But that never happened, and it's unlikely to happen anytime soon. Now some people are questioning whether interest rates will start falling this year!
As volatility rises, bullish sentiment rises, and individual stock trends are questionable, I see no reason to take any other action other than to be cautious for the time being and until the situation improves.
The long-term trend is upward, but a short-term pullback of 4-7% or even as high as 10-12% is normal. A pullback of this magnitude probably won't happen, but it is long overdue.
We haven't seen $VIX increase of 150% or more since 2006; before that, it was 1993. We entered a bear market in 2006, but 1993 was just an adjustment/consolidation.
Our long-term $SPY trend model is still bullish and we haven't seen a major top form. However, our equity-specific STEM risk model is at the highest level of caution. That's pretty much all we need to know in the short term. Breakouts don't work, stop losses don't hold... no trades.
The above continuous content Mark already has...
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