To The Moon

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ rallied past the conservative targets, but should be near the reversal point for the multi-month decline.The multi-month decline is strongly favored if this leg up remains below 5287. The loss of 5215 is an early warning sign of that.However, if 5287 is exceeded, that would delay the higher degree correction as the next pullback would likely be a 4th wave to be bought for a multi-week rally first.ImageImageImageWe recognized a triangle pattern, so we expected further decline to 5132 support 📉We then longed that support expecting a break higher to 5225 📈Price surpassed expectations and blasted higher to 5260 🚀ImageImageImageImagehttps://twitter.com/Trigg

Cybersecurity - where are we? In my 15 Dec 2023 post (click here ! to read), I have shared that cybersecurity is a growing area in Information Technology. This will be even more important as countries become more digital. Daily news on scam, shows that cyber threats are real, malicious, and not going away anytime soon. Main Cybersecurity Trends: Based on Gartner 2024 report, below are some significant trends: Organizations to invest to withstand cyberattacks from third-party vendors. "Identity-first" security approach is becoming important, especially Identity & Access Management (IAM). Overtime, Artificial intelligence (AI) is likely to play

**Bag Holding Nio Stock: Navigating Challenges and Uncertainties** **Introduction: The Plight of Bag Holding** 🛍️ Bag holding, a term coined in the world of investing, refers to the predicament of holding onto a stock that has experienced significant declines in value, with little hope of recovery in sight. Nio, once touted as a promising player in the electric vehicle (EV) industry, has encountered its fair share of challenges, leaving investors grappling with the decision to hold or sell their shares. **Nio's Struggles and Investor Disillusionment** 📉 Nio's journey has been fraught with hurdles, including multiple quarters of negative earnings attributed to poor cost management practices. Despite initial optimism surrounding the company's potential to rival industry giants like Tesla, Ni

Pull-back presents a good opportunity?? The introduction of AI has resulted in huge rally in most semiconductor-related stocks. Notably, $NVIDIA Corp(NVDA)$   was one of the biggest winners gaining ~240+% in a year due to the significant improvement in its quarterly revenue. Nvidia recently announced a new generation of artificial intelligence chips (Blackwell) and software for running artificial intelligence models. The announcement comes as the chipmaker seeks to solidify its position as the go-to supplier for AI companies. Nvidia's high-end server GPUs are essential for training and deploying large AI models. Companies like Microsoft and Meta have spent billions of dollars buying the chips. Nvidia is ent

Micron Technology - Buy Now? There’s a saying “Good things come to those who wait”. When it comes to $Micron Technology(MU)$, it is true now more than ever. It has been like that for this semiconductor company, compared to trailblazers like $NVIDIA Corp(NVDA)$ and to a lesser extent $Advanced Micro Devices(AMD)$. (see below) Look at the 3 semiconductor stocks (Nvidia, AMD & Micron) past year performance, Micron is in Red and Nvidia is in Purple. All 3 stocks have been trending upwards with the leader Nvidia rising (floating) way above the other 2 stocks by a wide margin. Micron’s 2023 performance was almost flatline. Things began to turnaround only after mid Feb

Wall Street halts trading as market digests record high; Nikkei hits new high on upbeat inflation data.🇺🇸 S&P 500: -0.14% 📉🇺🇸 Nasdaq: 0.16% 📈🇪🇺 Stoxx 600 Index: -0.03% 📉🇯🇵 Nikkei 225 Index: 0.18% 📈🇭🇰 Hang Seng Index: -2.16% 📉🇨🇳 CSI 300 Index: -1.01% 📉• U.S. stocks were mixed, with the S&P 500 down -0.1% and the Nasdaq Composite inching up 0.2%, as the Federal Reserve reiterated its stance that it expects to cut interest rates three times before the end of the year, in line with market expectations.• Asia-Pacific stocks were mixed, with Hong Kong's Hang Seng down -2.2%, its biggest drop in two weeks, as pessimism intensified after disappointing earnings from bellwether companies and the yuan breached the key 7.2 support level against the dollar. The move is seen as providing support

Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow:Any pullbacks to ~$98 on $Micron Technology(MU)$ for a breakout retest would be a GIFT this week. 🎁 Agree or disagree?Image $ARM Holdings Ltd(ARM)$ lock-up period is officially over, is this thing about to blow this week? Image $Lyft, Inc.(LYFT)$ Ascending triangle breakout, held the earnings gap up, several analyst upgrades... What's not to like? 🚙💨Image $Alibaba(BABA)$ Convinced they could give this stock away for free and people still wouldn't own it. Image $Apple(AA

Market OverviewThe S&P 500 ended little changed on Friday(Mar 22), but the index registered its biggest weekly percentage gain of 2024 after the Federal Reserve this week stuck with projections for three interest rate cuts by year's end.Regarding the options market, a total volume of 38,891,674 contracts was traded, down 9% from the previous trading day.Top 10 Option VolumesTop 10: $SPY(SPY)$, $QQQ(QQQ)$, $NVDA(NVDA)$, $TSLA(TSLA)$, $AAPL(AAPL)$, $IWM(IWM)$, $AMD(AMD)$,