I closed $AI 20240927 25.0 CALL$ ,Totally unnecessary close but looking at price action and momentum, price seems to be reaching up towards $26-$27 region. Support on 50day EMA. A pullback could come but I will rather take my $$$ and see how.
BIG TECH WEEKLY | ETF Drama: Nvidia flips with Apple
Big-Tech’s PerformanceInterest rate cuts officially occurred, and to the surprise of investors. 50 basis points seems to be more than expected, in fact, also contains the July did not cut interest rates "compensation", but also indicates that it will focus on the shift from controlling inflation to promote full employment.Although the rate cut is regarded as the market's "cardiac needle", the market also opened the early "carnival mode", but Powell mentioned that the neutral interest rate may be higher than the pre-pandemic level, meaning that the future speed of interest rate cuts may be slower than the market expected.But can not be ignored is that the interest rate inversion is still with the recession between the existence of a positive correlation.Historical data show that since 1954,
I opened $TSLA 20240927 265.0 CALL$ ,Sold covered call on tsla stock as is hitting resistance of 242. I sold at a very high strike of $265 which is a strong resistance as well and has a delta of 0.14 which means this contract has an 86% chance of expiring worthless. Tsla can easily rally 8% in a day so better to earn less premium and sell at a higher strike
I opened $Costco(COST)$ ,COST: continue to add new short positions on COST at $900. Stock had been consolidating about 3% below all time high. Believe $900 can a psychological resistance should market cool off a bit. Can go higher so enter only small positions.
1. $Consolidated Water(CWCO)$ CWCO - Consolidated Water Co Ltd - smalecap company performance since long breakout: 2.75%.2. $Labcorp Holdings Inc(LH)$ LH - Laboratory Corporation of America Holdings - largecap company performance since long breakout: 3.25%.3. $ReNew Energy Global(RNW)$ RNW - Renew Energy Global PLC - midcap company performance since long breakout: 3.67%.4. $Avidity Biosciences, Inc.(RNA)$ RNA - Avidity Biosciences - midcap company performance since long breakout: 8.04%.5. $JELD-WEN Holding Inc.(JELD)$ JELD - JeldWen Holding - smalecap company performance since long
1. $Centene(CNC)$ CNC - Centene Corp - largecap company performance since long breakout: 5.04%.2. $Sabra Health Care(SBRA)$ SBRA - Sabra Healthcare REIT - midcap company performance since long breakout: 8.94%.3. $Hut 8 Mining Corp(HUT)$ HUT - Hut Corp Common Stock - smalecap company performance since long breakout: 16.00%.4. $Global Blue Group Holding AG(GB)$ GB - Global Blue Group Holding Ltd - smalecap company performance since long breakout: 27.73%.5. $Tango Therapeutics Inc.(TNGX)$ TNGX - Tango Therapeutics - smalecap company performance since short breakout: -20.38%.https://x.c
I opened $Wynn(WYNN)$ ,I made an additional investment in Wynn stock, capitalizing on the recent Federal Reserve rate cut and overall market optimism. As growth sectors surge, consumer discretionary stocks like Wynn benefit from increased spending potential and market confidence.
Focus on the strongest tickers like TSLA, NVDA, AAPL & SPY
Don’t over complicate trading. We are in a massive bull market now.Focus on the strongest tickers like $Tesla Motors(TSLA)$$NVIDIA Corp(NVDA)$$Apple(AAPL)$$SPDR S&P 500 ETF Trust(SPY)$ Then add dips with calls and stay long to your target 🎯SPY completely ripped to all time highs right after this HARAMI was formed on Sept 9.Bears tried to short it and now they have this pattern memorized.Bulls selling their SPY calls for 2500% winner after buying it for $0.05hope you’re celebrating with us 🥳🥳🥳https://x.com/SuperLuckeee/status/1836860399410421884
$S&P 500(.SPX)$ - Back to the Higher Bollinger BandPrice is overbought relative to the oscillator, but we have seen rides with price action between the 5 DMA and the higher band as highlighted.The candle shows indecision and sits at $5705, a S/R level anticipated as target for a bullish reaction.Yesterday's shooting star is theoretically invalidated, since the recent close is above yesterday's high, but again, the candle shows indecision.Raising stops, but not reversal is confirmed yet.Imagehttps://x.com/SmartReversals/status/1836874198813397088
I opened 4 lot(s) $ALB.HK 20241128 97.50 CALL$ ,It’s crazy how the price broke out 52w high when everyone is all doom and gloom about it just 2 months back. Price could be reaching to 05/09/23 gap of $90.80. Selling CC at strike above my avg cost to earn some premium if price is to do any pullbacks.
$Consumer Staples Select Sector SPDR Fund(XLP)$ - Consumer staples have shown a strong inverse relationship with interest rates, approximately 90%, since June 2024.The consumer staples indices have been closely correlated with the 10-year Treasury yield, and this trend includes notable segments like HPC, Food, and Beverages.This indicates a significant strengthening in the bond-consumer staples dynamic compared to the past 20 years, where the correlation was primarily with 30-year Treasuries at around 60%.The educational content yesterday approached fundamental and technical analysis with a stock from this sector, and will continue next Wednesday with more. $E-mini S&P 500 - main 2412(ESmain)$
The market considers the Fed is lagging behind more than ever in 30 years.Despite the recent 0.50% reduction, the gap between the Fed's interest rates and the yields on 2-year Treasuries is the largest it's been in over 30 years. This indicates that the market anticipates additional rate cuts happening sooner than what the Fed has indicated.Let’s see $SPDR S&P 500 ETF Trust(SPY)$$NASDAQ 100(NDX)$$iShares Russell 2000 ETF(IWM)$$SPDR Dow Jones Industrial Average ETF Trust(DIA)$ Imagehttps://x.com/SmartReversals/status/1836819233679851782
There are different approaches when there is a bearish setup
Good question: There are different approaches when there is a bearish setup.1) Close longs right away 2) Set stops determining S/R levels3) Wait until the bearish signal is confirmed, once there is a big decline.I personally use the second approach.About invalidation, it happens if there is a close above the high of yesterday, it looks obvious at this moment, so let’s see how the gap up acts when the market opens.This bullish reaction short term is likely now the macro indicators have to say the economy is in good shape.A new series of fundamental analysis has started, following the eCommerce leaders, check it out!The most important element about fundamental analysis is to study trends, and that is presented considering year on year variations in financial indicators, you can find them in
1. $General Motors(GM)$ Cruise is starting mapping in Silicon Valley again. This follows Phoenix, Dallas, and Houston and continues a slow march to scale the business.ImageThis will be an important step forward for Cruise in California. Don't be surprised of Silicon Valley gets scale and then the company goes to LA. San Francisco proper...will be a while.More than a year ago, I thought Cruise was the key to asymmetric returns for GM stock. Since then, shares are up 42.5%.2. $NVIDIA Corp(NVDA)$ Did you know, NVIDIA's P/S multiple is up nearly 20x in the last decade?Image https://x.com/TravisHoium/status/1836814181405782296
Yeah, I am the F1 race lover. I watch the races frequently but through the TV. I prefer to watch it online than offline because we can have a multi camera views through TV broadcast. For the driver, my favourite one will definitely be Charles Lecler, under Ferrari racing team. Ferrari is showing strong comeback in recent few races. The cars are still less competitive than McLaren but we are somewhere among the top. Go go Lecler and Ferrari! For SG stocks that might benefit from the F1 event will be $SIA(C6L.SI)$ for increased flights, $SATS LTD.(S58.SI)$ airport and catering services due to more tourists,
The recent Fed interest rate cut is likely to benefit sectors that are sensitive to borrowing costs and consumer spending. Specifically, cyclical sectors like consumer discretionary, utilities, and real estate investment trusts (REITs) tend to perform well after a rate cut. Lower interest rates reduce borrowing costs, encouraging both corporate expansion and consumer spending, especially on big-ticket items such as cars and electronics. Here are three stock recommendations from sectors likely to benefit: 1. Amazon (AMZN) - As a major player in consumer discretionary, Amazon benefits from increased consumer spending when borrowing costs decrease. 2. Tesla (TSLA) - Tesla, part of both the consumer discretionary and industrial sectors, may see more demand for its vehicles as financing becom
$Palantir Technologies Inc.(PLTR)$ Palantir new 52 week high hit $37.42, now slightly retracing. Rate cuts are bullish and bearish for Palantir: Bearish — most of their net income (profits) are from cash collecting a risk free return of 5% Bullish — rate cuts mean more business are willing to spend money, more investors rake cash out of HYSA’s and put it into equities, more topline revenue growth increases their net income margins so they don’t need to rely on treasury income for EPS growth. No debt. $4B in cash. Getting back to 30% ARR growth.