To The Moon

After significant declines experienced last week, we saw the stock market showing signs of recovery on Monday (22 April 2024). The market get off to a slow start before picking up momentum in the afternoon session. The afternoon session momentum was mainly driven by early buying activity and also some short-covering activities. This recovery has helped the major indices to close higher with NASDAQ close more than 1% up and S&P 500 closing above the 5000 mark. Reversal From Microsoft and Meta Platforms Two major companies among the large-cap tech stocks managed to reverse their earlier losses to close higher. $Microsoft(MSFT)$ was initially down by 0.8% but it managed to close the session with a 0.5% gain.

Are u still buying EV stocks? Most of the EV companies remain unprofitable and they are still burning more cash to build up on their infrastructure and expansion. A few EV companies (Lordstown Motors, Proterra) have declared bankruptcy recently and the next potential in line is probably EV start-up company Fisker.  Furthermore, the ongoing price war is likely to hurt their profit margin even further and they are likely to remain unprofitable in the near future. Like most new industries, eventually only a few companies would emerge victorious! . Unlike BYD, Tesla or Li Auto, most EV companies clearly have issues scaling up their production significantly. The competition in the EV market has intensified as numerous traditional car markers (Mercedes-Benz, BMW etc) are also investing and

$Meta Platforms, Inc.(META)$ is scheduled to report quarter results for period ending 31 March 2024 on 24 April 2024 after market close. Meta is expected to report is rise in quarterly revenue with a 26.2% increase in revenue to $36.156 billion from $28.65 billion a year ago. According to the guidance Meta provided on 01 Feb 2024, the revenue for the period is expected to be data.The company's guidance on February 1 2024, for the period ended March 31, was for revenue between $34.50 billion and $37.00 billion. What would help the revenue is the increased spending on ads and also the recovery momentum in advertising spend to continue through 2024. What would be also in investors lookout is their new AI chips and how they are going to capture the al

$NVIDIA Corp(NVDA)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$  📈🔄🌙 NYSE Mulls 24/7 Trading: Will the Market Ever Sleep Again?” 🔄🌙📈 The New York Stock Exchange (NYSE) is reportedly mulling over a proposal to introduce 24/7 trading, mirroring the uninterrupted operation seen in cryptocurrency markets today. This potential shift raises pertinent questions about the feasibility and desirability of round-the-clock trading. Proponents argue that direct NYSE facilitation of 24/7 trading could address existing liquidity concerns associated with after-hours trading. However, the prospect of a perpetually open market prompts reflection on whether investors truly desire a mar

$Costco(COST)$ $ETFS Physical Gold(GOLD.AU)$  🧭🌟⚜️Gold Rush Navigation: Proceed with caution and hesitation!🧭🌟⚜️ The Journey of Selling Costco Gold ~ Costco has streamlined the process of purchasing a gold bar, simplifying it to a mere addition to the shopping cart. However, when it comes to selling, the journey becomes considerably more complex. Take Adam Xi, a 33-year-old buyer, for example, who faced challenges in finding a suitable price for the gold bar he purchased at Costco in October. Despite calling five different dealers, he encountered offers significantly lower than his purchase price, ultimately settling for a local coin dealer's offer of $1,960, slightly below market value. Costco's

**Title: 🚀 QYLD: OG of Covered Calls 📊** How I survived with only $20 losses for QYLD since buying at high on February at 17.91 100 shares Feb I took a dividend of 0.122 after taxes March 0.1266 April 0.12666 I also sold a call taking back 0.15 So now my cost is around 17.40 Now current price is 17.20 I am losing 0.20 or $20 $QYLD 20240517 18.0 CALL$  QYLD's like the OG of covered calls on the Nasdaq 100, and it's been rocking it since 2013, now boasting $8.19 billion in Assets Under Management. 🚀 Its top holdings? Think the Magnificent 7: Microsoft, Apple, NVIDIA, Amazon, Meta Platforms, Google, Tesla, Broadcom, and Costco. Together, they make up almost half the weightage. And get this, it's got 103 holdings in to

After examining Friday's new options positions, I feel there's no need to wait until Monday's market close. I can assert that this week, the battle for NVIDIA's stock price will revolve around the $800 level.Specifically, I'm optimistic that NVIDIA will be able to maintain a price above $800 this week, although upside may be capped around the $840 level.Let me first share the overall picture of NVIDIA's options. Although some might regret missing last week's plunge, there's no need to worry, as the next major options expiration event is on May 17th, when the monthly options for May expire, with a significant number of open interest contracts. However, the specific dynamics will depend on the price movement preferences in May, for which I'll conduct a thorough analysis as we approach that d

Fading rate cut hopes and geopolitical uncertainties fueled a sell-off in large tech stocks, leading to a Black Friday for US stocks. The S&P 500 broke below the 4,000 level. The Nasdaq saw its sixth consecutive day of declines, the longest losing streak in over a year. American Express lifted the Dow Jones to close higher.Options market data showed expectations for a narrowing decline in the S&P 500, with a drop of less than 4.4% expected by May 17th. For QQQ, the expected decline narrowed, with a 2.1% drop projected by May 17th. For small-caps, Russell 2000 options implied a tightening range, with a 1.5% decline and 6.7% upside cap expected for May.Details:The $SPDR S&P 500 ETF Trust(SPY)$ options overall showed a slightly bullish tra