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US Stock Market Review 15 - 19 Apr 2024
DJI -0.08%, SP500 -3.05%, NASDAQ -5.52%. Market experienced selloff from mainly tech stocks, with NVDA fell more than 10% on last Friday, expect to see more volatility ahead on big tech earnings
Four of the Magnificent Seven group of tech giants will report this week: TSLA, META, MSFT GOOGL
Event to watch: 23 Apr S&P PMI & New Home Sales, 24 Apr Durable Goods Orders, 25 Apr GDP QoQ & initial jobless Claims, 26 Apr Core PCE Pri...
DJI -0.08%, SP500 -3.05%, NASDAQ -5.52%. Market experienced selloff from mainly tech stocks, with NVDA fell more than 10% on last Friday, expect to see more volatility ahead on big tech earnings
Four of the Magnificent Seven group of tech giants will report this week: TSLA, META, MSFT GOOGL
Event to watch: 23 Apr S&P PMI & New Home Sales, 24 Apr Durable Goods Orders, 25 Apr GDP QoQ & initial jobless Claims, 26 Apr Core PCE Pri...
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The ASX is on the rise after a steep decline at the end of last week. In order to understand the price restoration, @Jessica Amir, our Market Strategist, explains the reasons behind the 4.4% drop from record highs.
She goes into more depth in her recent appearance on SBS World News, but let's get into the recap of what's going on with the markets.
The ASX largely mimics the US, so there were four reasons behind the US and global market decline last...
She goes into more depth in her recent appearance on SBS World News, but let's get into the recap of what's going on with the markets.
The ASX largely mimics the US, so there were four reasons behind the US and global market decline last...
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Powell further lowered expectations of interest rate cuts, and the volatility of the US stock market increased. The S&P 500 and Nasdaq indices fell for three consecutive days, hitting their lowest point in nearly two months, while the Dow Jones index finally stopped falling after six consecutive days of decline. In terms of technology stocks, Tesla and Apple continued to decline, while new chips equipped with AI technology caused AMD and Nvidia to reverse the market.
Furthermore, Morgan Stanley bucked the trend and rose 2.5% after the earnings report was released, while Bank of America plummeted 5% in the intraday period, the biggest decline in more than a year. At the same time, Volkswagen's sales of electric vehicles in the European market have declined significantly. Analysts believe that this trend is related to European governments' reduction in electric vehicle subsidies.
In terms of Federal Reserve policy, Chairman Powell's latest speech has further dampened market expectations for short-term interest rate cuts. He pointed out that since inflation lacks further improvement, it may be appropriate to keep interest rates high. Following this statement, the two-year US Treasury yield and the US dollar index both climbed to recent highs, while the yen continued to fall.
In the commodity market, crude oil prices tried to rebound unsuccessfully and fell for the second day in a row. The price of gold continued to rise, reaching a record high for the fourth day in a row. In the metal market, the price of copper has fallen below the highest level in the past two years, while the price of aluminum has reached a 14-month high. Meanwhile, the price of Bitcoin plummeted by more than $2,000 in one day, falling below the $62,000 mark.
In the Chinese market, the China Securities Index continued to fall, hitting a two-month low, and NIO Auto fell more than 2%. The offshore renminbi is hitting five...
Furthermore, Morgan Stanley bucked the trend and rose 2.5% after the earnings report was released, while Bank of America plummeted 5% in the intraday period, the biggest decline in more than a year. At the same time, Volkswagen's sales of electric vehicles in the European market have declined significantly. Analysts believe that this trend is related to European governments' reduction in electric vehicle subsidies.
In terms of Federal Reserve policy, Chairman Powell's latest speech has further dampened market expectations for short-term interest rate cuts. He pointed out that since inflation lacks further improvement, it may be appropriate to keep interest rates high. Following this statement, the two-year US Treasury yield and the US dollar index both climbed to recent highs, while the yen continued to fall.
In the commodity market, crude oil prices tried to rebound unsuccessfully and fell for the second day in a row. The price of gold continued to rise, reaching a record high for the fourth day in a row. In the metal market, the price of copper has fallen below the highest level in the past two years, while the price of aluminum has reached a 14-month high. Meanwhile, the price of Bitcoin plummeted by more than $2,000 in one day, falling below the $62,000 mark.
In the Chinese market, the China Securities Index continued to fall, hitting a two-month low, and NIO Auto fell more than 2%. The offshore renminbi is hitting five...
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Translated
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Using a very simple trading strategy when a stock is experiencing a good upside in a non-volatile market, this is when we can look at using MACD and KDJ.
In this article, I will be showing you how I will be using MACD and KDJ to determine when to buy or when to sell. I use this strategy on $Tesla(TSLA.US$ last night.
MACD Form Crossover and KDJ 'K' value form up
I decide to monitor Tesla using the 1 min chart on Trading view as the hype from Robotaxi have investors ...
In this article, I will be showing you how I will be using MACD and KDJ to determine when to buy or when to sell. I use this strategy on $Tesla(TSLA.US$ last night.
MACD Form Crossover and KDJ 'K' value form up
I decide to monitor Tesla using the 1 min chart on Trading view as the hype from Robotaxi have investors ...
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Post your P/L order and trading reviews by taping the discussion: How do you trade in a bear market rally?
Rewards:
1. 666 Points
666 points for those who share P/L orders with market insights and over 50 words, regarding quality, originality, and user engagement.
2. 66 Points
66 points for those who offer authentic content with P/L orders.
*The above rewards are mutually exclusive.
Duration: May 18 – May 23 11:59 PM SGT
T&C: https://www.moomoo.com...
Rewards:
1. 666 Points
666 points for those who share P/L orders with market insights and over 50 words, regarding quality, originality, and user engagement.
2. 66 Points
66 points for those who offer authentic content with P/L orders.
*The above rewards are mutually exclusive.
Duration: May 18 – May 23 11:59 PM SGT
T&C: https://www.moomoo.com...
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Transaction Stats
Month of Apr was not too bad given what I had in this account. This are the free apple share money that I received from moomoo. Lazy to draw them out so was using it to compound higher. The 1 Month TWR return so far from 4th Apr to 4th May is at 28%.
Could have been better if I had higher liquidity in this account to DCA in at better entry points. But we learn to make do with what we have and capitalise the market.
Month of Apr is volatile, but it can be still be used to your...
Month of Apr was not too bad given what I had in this account. This are the free apple share money that I received from moomoo. Lazy to draw them out so was using it to compound higher. The 1 Month TWR return so far from 4th Apr to 4th May is at 28%.
Could have been better if I had higher liquidity in this account to DCA in at better entry points. But we learn to make do with what we have and capitalise the market.
Month of Apr is volatile, but it can be still be used to your...
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