$Futu Holdings Ltd(FUTU.US)$ financial reports look good, why the drop premarket??

Nvidia will report their earnings after the closing . YOY increase in profit and revenue is sort of expected. The key probably lies in their forecast. If the forecast is good, then many AI related plays / stocks will likely rise together. Basically, investors are looking for sign that AI industry is still very promising and hence more upside by the end of the year.
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $NVIDIA(NVDA.US)$ $Tesla(TSLA.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Alphabet-A(GOOGL.US)$ $Meta Platforms(META.US)$ $C3.ai(AI.US)$ $Palantir(PLTR.US)$ $Alphabet-A(GOOGL.US)$ $Microsoft(MSFT.US)$ $Sea(SE.US)$ $Amazon(AMZN.US)$ $Salesforce(CRM.US)$ $CrowdStrike(CRWD.US)$ $NASDAQ 100 Index(.NDX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $SPDR Gold ETF(GLD.US)$ $Peloton Interactive(PTON.US)$

More than 150 companies will be reporting their earnings this week. What are some of the names that you will be looking at?
So far, we have about 80% of the companies beating expectations. Some may say that because the bar has been set so low, thus it’s easy for companies to surpass expectations.
Well, a beat is a beat I guess?
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $PayPal(PYPL.US)$ $Visa(V.US)$ $MasterCard(MA.US)$ $Meta Platforms(META.US)$ $NVIDIA(NVDA.US)$ $Advanced Micro Devices(AMD.US)$ $Taiwan Semiconductor(TSM.US)$ $GlobalFoundries(GFS.US)$ $Palantir(PLTR.US)$ $Zoom Video Communications(ZM.US)$ $Block(SQ.US)$ $Lemonade(LMND.US)$ $Opendoor Technologies(OPEN.US)$ $NIO Inc. USD OV(NIO.SG)$ $NIO Inc(NIO.US)$ $Alibaba(BABA.US)$ $iShares Russell 2000 ETF(IWM.US)$ $Coca-Cola(KO.US)$ $Nike(NKE.US)$ $PepsiCo(PEP.US)$ $AMC Entertainment(AMC.US)$ $Microsoft(MSFT.US)$ $SPDR Gold ETF(GLD.US)$ $Upstart(UPST.US)$ $Snowflake(SNOW.US)$ $Rivian Automotive(RIVN.US)$ $Lucid Group(LCID.US)$ $Alphabet-A(GOOGL.US)$ $Grab Holdings(GRAB.US)$

We had yet another nice rally last week. It was likely built on the new PCE data which showed that inflation keeps cooling, and stronger-than-expected earnings reports from megacap companies are supporting the case that the U.S. could avoid a recession.
This week, we have a few more big guns from the tech industry reporting. After which, attention will be turned towards the retail sector.
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $iShares 20+ Year Treasury Bond ETF(TLT.US)$ $Invesco QQQ Trust(QQQ.US)$ $NASDAQ 100 Index(.NDX.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $Amazon(AMZN.US)$ $NVIDIA(NVDA.US)$ $Spotify Technology(SPOT.US)$ $Snap Inc(SNAP.US)$ $Roku Inc(ROKU.US)$ $Intel(INTC.US)$ $Microsoft(MSFT.US)$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $E-mini S&P 500 Futures(JUN4)(ESmain.US)$ $SPDR Dow Jones Industrial Average Trust(DIA.US)$ $Snowflake(SNOW.US)$ $ARK Innovation ETF(ARKK.US)$ $Starbucks(SBUX.US)$ $Shopify(SHOP.US)$ $Advanced Micro Devices(AMD.US)$ $PayPal(PYPL.US)$ $Pfizer(PFE.US)$ $Moderna(MRNA.US)$ $Block(SQ.US)$ $Zoom Video Communications(ZM.US)$ $Logitech International(LOGI.US)$ $Netflix(NFLX.US)$ $Disney(DIS.US)$ $Direxion Daily S&P 500 Bull 3X Shares ETF(SPXL.US)$ $ProShares UltraPro Short S&P500 ETF(SPXU.US)$ $AMC Entertainment(AMC.US)$ $NIO Inc(NIO.US)$

We are off to a good start for the week with 3 major indices all closed green.
This came after solid big bank earnings and softer inflation report that came out last week.
We have Bank of America and Morgan Stanley reporting their earnings today (Tuesday)
Overall, the investors’ sentiment has been very positive. Many are hopeful that Fed will win the inflation war without bringing US into a recession
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $Dow Jones Industrial Average(.DJI.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $Amazon(AMZN.US)$ $Netflix(NFLX.US)$ $Alphabet-A(GOOGL.US)$ $Meta Platforms(META.US)$ $NVIDIA(NVDA.US)$ $KBW Nasdaq Bank Index(.BKX.US)$ $Energy Select Sector SPDR Fund(XLE.US)$ $Financial Select Sector SPDR Fund(XLF.US)$ $Intel(INTC.US)$ $JPMorgan(JPM.US)$ $E-mini Dow Futures(JUN4)(YMmain.US)$ $E-mini S&P 500 Futures(JUN4)(ESmain.US)$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $Spdr S&P Bank Etf(KBE.US)$ $NASDAQ 100 Index(.NDX.US)$ $Upstart(UPST.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$

On Sat, the Wagner group wanted to take control of Rostov in Russia. But within 24 hours, its leader decided to retreat, due to a deal brokered by Belarus.
Let’s see how this drama unfolds further. And let’s see if it has any impact on the US stock market.
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Apple(AAPL.US)$ $AXS TSLA BEAR DAILY ETF(TSLQ.US)$ $Tesla(TSLA.US)$ $Amazon(AMZN.US)$ $Netflix(NFLX.US)$ $Microsoft(MSFT.US)$ $Alphabet-A(GOOGL.US)$ $NVIDIA(NVDA.US)$ $Taiwan Semiconductor(TSM.US)$ $Advanced Micro Devices(AMD.US)$ $E-mini S&P 500 Futures(JUN4)(ESmain.US)$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $Crude Oil Futures(JUN4)(CLmain.US)$ $Palantir(PLTR.US)$ $Sea(SE.US)$ $Grab Holdings(GRAB.US)$ $Salesforce(CRM.US)$ $Spotify Technology(SPOT.US)$ $CrowdStrike(CRWD.US)$ $Adobe(ADBE.US)$ $Enphase Energy(ENPH.US)$ $SIA(C6L.SG)$ $DBS Group Holdings(D05.SG)$ $DocuSign(DOCU.US)$

All 3 major indices could end the week red. Nasdaq’s eight-week winning streak could come to an end.
But that is okay. Market doesn’t go up in a straight line. A bit of pullback is healthy in the long run. It will help to cool some of the indicators.
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$ $NASDAQ 100 Index(.NDX.US)$ $Invesco QQQ Trust(QQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $Amazon(AMZN.US)$ $Netflix(NFLX.US)$ $Adobe(ADBE.US)$ $Alphabet-A(GOOGL.US)$ $Microsoft(MSFT.US)$ $Advanced Micro Devices(AMD.US)$ $Taiwan Semiconductor(TSM.US)$ $Adobe(ADBE.US)$ $Salesforce(CRM.US)$ $NVIDIA(NVDA.US)$ $Starbucks(SBUX.US)$

Powell shared that there could be 2 more rate hikes coming up. Some are calling his bluff.
Let’s see if we can something out from him these 2 days as he testify in front of congress. Investors would want to have more clarify on the latest monetary policy eg the pause, the potential rate hikes, and also maybe, some views on US economy.
Today’s session will start at 10pm, SG time.
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $NASDAQ 100 Index(.NDX.US)$ $Invesco QQQ Trust(QQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $Meta Platforms(META.US)$ $NVIDIA(NVDA.US)$ $Amazon(AMZN.US)$ $Intel(INTC.US)$ $Adobe(ADBE.US)$ $DocuSign(DOCU.US)$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $Netflix(NFLX.US)$ $Disney(DIS.US)$ $CrowdStrike(CRWD.US)$ $NIO Inc(NIO.US)$ $Rivian Automotive(RIVN.US)$ $Peloton Interactive(PTON.US)$ $Snowflake(SNOW.US)$ $Grab Holdings(GRAB.US)$ $Sea(SE.US)$ $Palantir(PLTR.US)$ $Block(SQ.US)$ $ARK Innovation ETF(ARKK.US)$

As mentioned last week, ao far this year, Fridays have been quote positive most of the time.
But do note that today is Quad Witching day. There could be profit taking going on, could have some unusual flows etc.
Trade and invest safe!
$SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$ $Advanced Micro Devices(AMD.US)$ $NVIDIA(NVDA.US)$ $Amazon(AMZN.US)$ $Adobe(ADBE.US)$ $DocuSign(DOCU.US)$ $Morgan Stanley(MS.US)$ $Alphabet-C(GOOG.US)$ $Microsoft(MSFT.US)$