To The Moon

Recap of Recent Market Events The $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ continued their record-setting trends. The S&P 500 rose by 0.1%, closing at its 35th record for the year, while the Nasdaq increased by 0.3%, achieving its 25th record close of 2024. Trading volume, however, remained well below average due to the vacation season. The $DJIA(.DJI)$ did not share the same fortune, dropping by 31 points, or 0.1%, and is nearly 1.7% below its May 17 peak. Notably, only half of the 30 stocks in the blue-chip index rose on the day. Market Scenario The market scenario remains cautiously optimistic but fraught with potential risks. The S&P 500 and Nasdaq’s

#AMD Advanced Micro Devices Inc. (AMD $Advanced Micro Devices(AMD)$ ) has experienced a remarkable surge in recent months, exceeding the broader market's performance. However, a meticulous examination of AMD's technical charts reveals potential signs of heightened risk for the stock. Rising Wedge Pattern - A Bearish Signal The daily chart exhibits the formation of a rising wedge, a technical pattern recognized for its bearish reversal implications. This pattern signifies diminishing upward momentum. Rising wedges are characterized by two converging trendlines: an ascending trendline connecting successive price lows and a horizontal trendline connecting successive price highs. As price action compresses towards the apex of the wedge, it suggests a w

Two months ago, $Oracle(ORCL)$ shares soared on talks with Elon Musk's xAI to provide the infrastructure architecture for its supercomputing program, albeit still a multi-year lease of Oracle's $NVIDIA Corp(NVDA)$ chips.xAI and Oracle were originally in talks to expand the scope of their existing agreement to lease Oracle's NVIDIA AI chips.But yesterday, negotiations between xAI and Oracle stalled.Reason for termination:Musk asked to build xAI supercomputer faster than Oracle expectedOracle is concerned that xAI's preferred supercomputing location may not have access to adequate power supplyExisting agreement: xAI has previously leased 16,000 NVIDIA chips from Oracle, and this agreement will continue.xAI'

Three Horses Driving-The trends of US stocks, gold and Bitcoin have shown obvious differentiation in the past period of time. The strong and strong U.S. stock index has seen a new impetus, and gold is also a bottom out, but Bitcoin has seen a further break. As the price slipped below 56,000, the worry of a bear market began to be gradually raised by the market again. So should we believe in Double Bottoms or Big Double Top?Starting from the fundamentals, the overall situation in the near future is actually relatively stable. Although the benefits of ETF and halving have been implemented, both of them are changes throughout the market, so they can be regarded as long-term support factors.In terms of monetary policy, the interest rate market suggests that the first interest rate cut this yea