To The Moon

Investment Summary - **Purchase Date and Price**: May 22, 2024, at $72.59 - **Selling Date and Price**: May 30, 2024, at $79.68 - **Closing Price on Selling Date**: $81.55 Market Catalysts A significant catalyst for Best Buy (BBY) $Best Buy(BBY)$   stock was the anticipated recovery in the PC market. Management's comments during the earnings call highlighted several key drivers that contributed to the stock's performance: 1. PC Market Recovery:  Management's optimism regarding the recovery in the PC market played a crucial role in boosting investor confidence. This was likely driven by the anticipated launch of new AI-integrated PCs from major manufacturers like Microsoft $Microsoft(MSFT)$&nbs

Background and Current Performance Recently, I made an additional investment in Wynn Resorts Ltd. (WYNN) $Wynn(WYNN)$  , capitalizing on the stock's current price below $93 per share. This price reflects a 12% decline over the past three months. Despite this dip, several factors suggest a promising upside potential. U.S. Properties Performance Wynn's U.S. properties have shown robust performance. Las Vegas, in particular, has experienced a significant recovery post-pandemic, with increased visitor numbers and higher spending per visitor. The company's properties in Boston have also contributed positively, benefiting from regional demand and limited competition in the area. The overall health of Wynn's domestic operations indicates strong cas

$S&P 500(.SPX)$ The $5250 gap has been filled, and the $5215 S/R level provided support, coinciding with the 20DMA zone.A bounce or muted session tomorrow is possible, but it's too early to call a bottom, it would be better to see Williams%R completing the move to oversold zone.The bearish MACD crossover is confirmed, and unlike February and March when it was constantly invalidated, this MACD appears when the three major indexes reached strong annual resistance levels. In the case of the SP500, this level is $5304, as presented over the weekend with the Fibonacci extension analysis. $DJIA(.DJI)$ was also presented during the weekend, showing perfect rejection at $39,835; a resistance anticipated since

$iShares Russell 2000 ETF(IWM)$ Yesterday's analysis of the potential morning star formation was validated today. The price bounced despite the movement in the major indexes. The bounce from oversold levels in Williams%R is what I prefer to see in the $S&P 500(.SPX)$ , as mentioned in the previous post.The 50-day moving average (50DMA) was recovered, and $202 proved to be a significant support zone✅.However, there are some weak signals in the chart. The price faced rejection at the 20DMA, and the Stochastic indicator didn't show a bullish crossover.To maintain a bullish or bouncy outlook, the price needs to stay above the 50DMA. $SPDR S&P 500 ETF Trust(SPY)$

$Tesla Motors(TSLA)$ The 50-day moving average (50DMA) is currently providing strong support for the price, particularly at the S/R level shared in the latest weekly compass. For a northbound direction and an upward trend, the price needs to close the week above $179.ImageAnalysis earlier this week:ImagePrice moving between 50 and 100 daily moving averages, similar to November 2023.Back then price action filled a gap down, today it filled a recent gap up.50DMA is close to another S/R level, that confluence better holds and create a bounce above 100 DMA and other levels shared in the Weekly Compass.Also similar to last time, there is a bullish 20 & 50DMA bullish crossover, adding bullishness to the chart.Price action has to demonstrate a change

$NVIDIA Corp(NVDA)$ Board of Directors member Dawn Hudson just dumped 20,000 $NVDA shares for a total value of $21.6 millionImage$NVDA: Bearish Reversal Signal – Watch for a Break Below $1100 $NVDA is showing a potential bearish reversal, marked by a Bollinger two-bar reversal setup Bearish Two-Bar Reversal Setup: This pattern suggests a potential reversal from the recent highs, indicating that $NVDA may be set for a downward move Volume Analysis: Elevated trading volume over the last six trading days highlights significant investor activity, which often precedes major price movements Key Level: $1100 is a crucial support level. A break below this could trigger further declines Short Float and Days to Cover: With a short float of 1.17% and only 0.

$S&P 500(.SPX)$ McClellan Oscillator:As posted two weeks ago, a divergence in this breadth indicator was developing, and we're seeing the results now.I also mentioned that during the pullback, this oscillator could become oversold very quickly. Today, it sits at -79, which is significantly below the -70 threshold.A short-term bounce may occur soon (a time term, not a price term). What will be interesting is whether a bullish divergence will form. This means the #SP500 might bounce, then potentially make a lower low, while the oscillator creates a higher low. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$