To The Moon

🌟🌟🌟The Semiconductor stocks have fared badly this week. Is it time to get back into this sector? $NVIDIA Corp(NVDA)$  led a broader sell off of the Magnificent 7 stocks  after news of Tesla and Google reported earnings that rattled the markets.   Nvidia is up today by just 0.6% but it fell 6% for the week.  However Nvidia is still up a massive 134% year todate and in 2023, Nvidia has skyrocketed 148%. Nvidia has grown its business at an incredible pace.  Last quarter Nvidia's revenue surged 262% year over year to hit USD 26 billion.  Its earnings per share soared 629% compared to prior year. Nvidia is famous for its Graphics Processing Units or GPUs which crunch AI workloads as thes

Thursday saw more rolling activity compared to Friday, which aligns with the concept we discussed yesterday - taking profits on the initial selloff by rolling winning put positions.Additionally, we saw a decent amount of options being exercised rather than closed out. This implies traders felt this week's move may have fallen short of expectations, whether that's not reaching a target strike or having negligible premium left. However, by exercising, it suggests they maintain a view for further downside ahead, just not necessarily continuing through Friday's session.In plain English, Friday's trajectory could differ from next week's, essentially a bet on a bounce Friday but continuation lower next week. But that's more of an isolated view from the exercise flows - we'd need to look at overa

In a few weeks’ time, $Meta Platforms, Inc.(META)$ is set to be hit with its first EU antitrust fine for tying classified advertisements service Marketplace with its Facebook social network, according to people with direct knowledge of the matter. The move by the European Commission will come more than a year and a half after it accused the US tech giant of giving its classified ads service Facebook Marketplace an unfair advantage by bundling the two services together. The EU competition watchdog also said Meta abused its dominance by unilaterally imposing unfair trading conditions on competing online classified ads services that advertise on Facebook or Instagram. Penalty & Fines. Meta could face a fine of as much as $13.4 billion or 10% of

On July 26th at 7:30 PM local time (1:30 AM SGT on July 27th), the Paris Olympics will kick off on the Seine River. Unlike previous Olympic Games, this opening ceremony will not be confined to a closed stadium but will use the city space as its stage.Starting from the Austerlitz Bridge, athletes will travel approximately 6 kilometers along the Seine River by boat, finally reaching Trocadero Square for the subsequent opening ceremony.In addition to the unique opening ceremony, famous landmarks will be used as competition venues. Grand Palais | Paris 2024The Palace of Versailles will transform into a venue for equestrian and modern pentathlon events. Fencing and taekwondo will take place in the Grand Palais. Athletes will play beach volleyball in front of the Eiffel Tower. Concorde Square wi

$Lululemon Athletica(LULU)$ $Ralph Lauren(RL)$ $Nike(NKE)$ $Penn Ent(PENN)$ $DraftKings Inc.(DKNG)$  Kia ora Tiger traders, Paris Olympics Opening: Which Events Are You Following? 🥇🇫🇷 On July 24th, the Paris Olympics will see the start of various sports events, with the opening ceremony taking place on July 27th at 1:30 AM. Several stocks might benefit from the event, such as Lululemon, which is collaborating with Canada to supply team uniforms, and Ralph Lauren, which is supplying uniforms for the U.S. national team. Bookmakers might also gain from the event. Fun Facts Histor

Nvidia has corrected as much as 24.48% from its all-time high of $140.76. Its current price of $112.28 is still trading 20.23% lower than its all-time high.  Why $106.30 Could Be the Interim Bottom for Nvidia? 1) 127.2% Fibonacci Extension Support Level: Fibonacci Extension suggests a major support level at $107.25 (127.2% Fibonacci level). Yesterday's intraday low hit this level and rebounded to $112.28, indicating that the 127.2% Fibonacci level may hold (see Graph 1). Source: Tiger Brokers 2) Doji Reversal: Yesterday's candlestick formed a classic single doji reversal pattern (see Graph 2). Source: Tiger Brokers 3) Closing the Gap: The low of $106.30 may represent bears trying to close the previous gap at $106.47 from May 24 (see Graph 2). 4) 38.2% Fibonacci Extension Level:

Hong Kong stocks took another tumble this week, with $HSI(HSI)$ plunging 2.28%, hit a three-month low!On the news, overseas tech giants like $Tesla Motors(TSLA)$ and $Alphabet(GOOG)$ $Alphabet(GOOGL)$ posted disappointing earnings, triggering a rout and dragging down $NASDAQ(.IXIC)$ , which in turn pulled Hong Kong's tech stocks down with it.Domestically, the high-dividend stocks saw a divergence, with bellwethers like $CNOOC(00883)$ and $CHINA MOBILE(00941)$ experiencing notable corrections

Bloodbath Wednesday. 24 July 2024 will go down US stock market history as one of the bloodiest trading day. Most tech stocks took it on the chin as investors faced a reality check on their artificial intelligence (AI) bets after tech earnings. By the time the 4:00pm clock chimed: (see above) DJIA: -1.25% (-504.22 TO 39,853.87). Its fall has undercut the 40,000 level and 21-day moving average. S&P 500: -2.31% (-128.61 TO 5,427.13). It has sunk -2.0% to just below its 50-day average, a first time in 354 trading sessions. Nasdaq: -3.64% (-654.94 to 17,342.41). It’s worst day since October 2022. Nasdaq’s “Accolades”: Nasdaq, which has seen 27 record highs in 2024 so far, is still more than 500 points away from entering its own correction territory. Although, Wednesday might be its bigge