Weekly: S&P 500 recorded the strongest week, FOMC highlight the week ahead
Last Week's RecapThe US Market - S&P 500 recorded the strongest week of 2024The S&P 500 and the Nasdaq posted their strongest week of 2024 ahead of the upcoming Federal Reserve meeting.The benchmark gained 4% for the week as a moderation in inflation supported the case for a rate cut with rate-sensitive small cap stocks outperforming.The consumer price index in August came in at 2.5% on an annualized basis, the lowest level since February 2021. Producer price index (PPI) presented a more benign picture, lowering the 12-month wholesale inflation rate to 1.7%.Bets on the size of the Fed's cut have been volatile and were roughly even by late Friday. Expectations for a 50 basis point cut jumped to 49% from 28% on Thursday, according to CME's FedWatch Tool, which showed a 51% probabilit
I maintain a long position in$Microsoft(MSFT)$ due to its strategic alignment with my daily operational requirements. As an active user of Microsoft's suite of products, I have firsthand experience with the company's ability to deliver innovative solutions that drive productivity and efficiency.
$Apple(AAPL)$ 💻🍏🍎🍏🍎🍏 Apple’s Next Revolution: M4 Macs are on the Horizon 🍏🍎🍏🍎🍏💻 Kia ora Tiger traders! Hold onto your AirPods because Apple is getting ready to unleash the M4 Macs, likely in November 2024. These aren’t just your typical hardware updates; these are AI-powered machines that could probably out-think me 🤣. The stock market is buzzing more than a coffee-fuelled coder at 3 AM. You’ll want to be ahead of this one, trust me! 📈💻 🔔 Apple’s Game-Changing AI Upgrade: The M4 Chip With $AAPL closing at $222.50, you can bet the market is watching this event like a hawk (or should we say like a Tui?) 🦅. The M4 chip isn’t just a minor upgrade; this beauty is built on TSMC’s 3nm process and will bring AI muscle like we’ve never seen. Think fa
First time I heard about left and right side trading. [LOL] Usually the terms I am aware of is momentum trading and value investing. Trend following or contrarian investing. In order not to mix up the directions, I will just comment in terms of momentum trading and contrarian trading. Momentum trading focuses on identifying new trends early and ride the trend for as long as possible until hit set targets or before reversal of trends. Contrarian trading focus is on identifying Reversal patterns, usually after bull runs or bearish plunges. Then trying to plan early start to new trend or have additional buffer. Personally, over the years I realised that trend following doesn't suit my style. Trend following can't start early without clear signals
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ This is incredible: If you bought the S&P 500 ETF, $SPY, at market open and sold at market close every day since its inception in 1993, you'd be up just +13.3%. This means that the vast majority of gains have occurred after market close and before market open. Buying the market close and selling the next open saw a whopping +992% gain since the ETF was established. By comparison, the total return by simply holding the ETF during this period was +1,138%. Companies’ earnings releases and subsequent conference calls almost always occur outside of regular trading hours and lead to
$Trump Media & Technology(DJT)$ DJT is bleeding cash. Regardless of which metric, PE, ROE, ROA, profits, its points to not just a lousy stock, it's a terrible stock. I told my friend off who went to sell puts on DJT as the premiums were attractive. I told him, you will end up holding on to junk if you do not exit early. Imagine needing to call the platform Truth social and to name the posts as "Truths". Good looking people do not need to label themselves as good looking, they know that they are good looking. Rich people do not need validation to know that they are rich. When simple posts needs to be dressed up as "Truths", it's goes to show what is the intention of the platform.
$Summit Therapeutics PLC(SMMT)$ has been on a tear lately. After a major jump in late May, the stock surged again. Fueled by news of a stock offering, this clinical-stage biotech saw its shares jump 22.5% last Thursday, ultimately closing up more than 20% at $27.41.The catalyst for this rally? Summit announced a private placement deal with several biotech firms and accredited investors, issuing over 10.3 million shares to raise approximately $235 million.Notably, key insiders were major players in this funding round, which boosts investor confidence. CEO Robert W. Duggan and Mahkam Zanganeh, COO and CFO Manmeet Soni, Chief Accounting Officer Bhaskar Anand, and board member Jeff Huber bought a total of over 3.48 million shares.New Drug Boosts Stock
$iQiyi Inc.(IQ)$ $JD.com(JD)$ $Bilibili Inc.(BILI)$ have experienced a 6 consecutive weeks down moves, and 4 alternating up and down weeks respectively, which have exceeded its two standard deviation price runs and 1 standard deviation alternating move. In order to break the sequence, it is possible that the price will move higher for IQiyi and continue the last move for Bilibili and JD.com. Standard deviation (SD) is a statistical measure that indicates how much a stock's price typically deviates from its average price. A price movement exceeding one, two or
$Airbnb, Inc.(ABNB)$ $Alibaba(BABA)$ $Walt Disney(DIS)$ $Li Auto(LI)$ $Meta Platforms, Inc.(META)$ share price have formed a bullish engulfing candle in recent trading session, indicating sign of strength. Their share prices are possible of moving higher. A bullish engulfing candle is a technical analysis pattern that signals a potential reversal from a downtrend to an uptrend. It occurs when a large bull
$Tesla Motors(TSLA)$ https://www.teslarati.com/tesla-announces-100-millionth-4680-battery-cell-production-milestone/ - 2024 Sep 14. Tesla announces 100 millionth 4680 battery cell production milestone. Tesla has announced that it has produced its 100 millionth 4680 battery cell across all its factories. The update came just over three months after the company announced that it had produced a total of 50 million 4680 cells. Considering the 101 days that have elapsed since the June announcement, Tesla appears to have produced, at least on average, about 495,000 4680 cells per day. Each Cybertruck is equipped with 1,344 4680 cells, so such an average output would translate to a production capacity of abou
$Endeavour Silver(EXK)$$iShares Gold Trust(IAU)$$FedEx(FDX)$$General Mills(GIS)$ 🎯📉🎯📈 FED Week Frenzy: Gold, Silver & Miners Soar Amid Key Earnings!🎯📉🎯📈🎯 Kia ora Tiger traders! It’s Fed Week, and the markets are heating up! With Gold and Silver surging, plus some major earnings reports on deck, there’s no better time to get ready for action. ☕📈 Key Events This Week: 📅 Tuesday – August Retail Sales Data 🏗️ Wednesday – August Building Consents Data 💸 Wednesday – Fed Interest Rate Decision 📢 Wednesday – Fed Press Conference 🏭 Thursday – Philly Fed Manufacturing Index 🏘️ Thursday – August Existing Home Sales Data 🟡
From the technical chart, oil could have hit the bottom in current trend and there seems to be some climbing of oil prices over the last few day. The chart can explain what happened but it has limitations in predicting the future. Let us not forget that price is the meeting point between demand and supply. If the demand is going down together with supply (from Baker Hughes’ reported falling oil rig count), it is possible that price continue to fall should the demand be weakening against falling production. From the CMF, there is still more selling than buying volume and thus, the current fall may not be over. There can be some short rallies but not necessary leading to higher highs. However, black swan events can change these quickly. This is the beauty of investing. This is why investi
1. $NASDAQ 100(NDX)$ - Daily Chart:The oscillator is not in overbought zone, which has been a condition preceding the previous two pullbacks.Overbought condition relative to Bollinger Bands has also preceded pullbacks the recent pullbacks. Will this time be different?Image2. $VanEck Semiconductor ETF(SMH)$ - Daily Chart:The previous bounce from the lower Bollinger Band neared the higher one; If the 20DMA is conquered🟡, that would be likely.Stochastic is bouncing from oversold position🟢, and the MACD has started a bullish crossover🟢.Image3. $NVIDIA Corp(NVDA)$ - Daily Chart:Doji candle at the 20 DMA.The Stochastic says there's space to move up before reaching overbo
Fed Rate Cut: Navigating Market Waves and Your Investments
Overview: As the Federal Reserve's highly anticipated September 17-18 meeting approaches, the global market holds its breath. With an 87% chance of a 25 basis point rate cut, investors are eager to know how this move will impact their portfolios. A Fed rate cut could bring short-term relief to markets, potentially fueling growth, but it’s a delicate balance, especially with lingering economic uncertainty. Let’s dive into what a potential rate cut could mean for various segments of the market. Stock Markets: Bullish or Bearish? A Fed rate cut often lowers borrowing costs, allowing companies to expand more easily, which could spark a short-term rally, or even a mini bull market. Tech and growth stocks, in particular, could see a boost as cheaper financing benefits innovation-driv
Boeing Strike: Opportunities and Risks for Investors
Overview: The ongoing strike at Boeing $Boeing(BA)$ has created significant market implications, with more than 30,000 union workers walking off the job, demanding higher wages and an improved pension. As Boeing's stock fell 3.7% on Friday, the broader market remains concerned about the potential long-term effects on Boeing’s financial stability, which has already been weakened by a $60 billion debt burden. While the strike poses risks for Boeing, it also presents opportunities for strategic investors to capitalize on market volatility. Aerospace Industry Under Pressure: Boeing's stock has plunged nearly 40% year-to-date, reducing its market value by approximately $58 billion. The strike adds fu
Overview: The release of Apple’s $Apple(AAPL)$ iPhone 16 series has sparked a significant pre-order wave in China, outperforming initial market expectations. Despite competition from Huawei's foldable phones, Apple’s loyal customer base remains robust. With platforms like Tmall, JD.com$JD.com(JD)$ , and Pinduoduo $PDD Holdings Inc(PDD)$ reporting high pre-sales, this product launch is expected to drive notable revenue growth for both Apple and key Chinese e-commerce companies. Investors can benefit by focusing on companies poised to capitalize o