It looks like the September Curse may be broken this year? As of the close on September 27, $S&P 500(.SPX)$ is up 1.59%, closing at 5,738 points. $NASDAQ(.IXIC)$ closed at 18,119, and $DJIA(.DJI)$ hit a new high this month, reaching 42,628.Historical data shows that September is often the worst-performing and most volatile month for U.S. stocks. Since 2013, the S&P 500 has typically dropped an average of 4.78% in September.But this year is different — with gains of more than 20%, the market has been performing quite strongly recently. This week, it has already hit its 40th closing high of the year!Although the September downturn curse may be broken, the
$Meta Platforms, Inc.(META)$ has recently emerged as the hottest stock among the Magnificent Seven, driven by a series of groundbreaking announcements and strategic advancements. Meta Platform + Ray Ban smart glasses One of the most notable developments is the enhancement of Meta’s Ray-Ban smart glasses. (see above) They are set to become significantly smarter, integrating advanced AI features that enhance user experience and functionality. This move not only showcases Meta’s commitment to innovation but also positions it at the forefront of the wearable tech market, a sector poised for substantial growth. At the recent Meta Connect event, the company unveiled several key initiatives that have captured investor attention. Among the top announcemen
FXI iShares China Large Cap ETF Is My Best Performing Chinese ETF
🌟🌟🌟The latest stimulus plan by the Chinese authorities has produced a powerful rally in Chinese stocks. The CSI 300 Index of big Chinese companies that traded in Shanghai or Shenzhen rose 4.5% and was up 15.7% this week. The gain was the largest in a single week for the index since November 2008. The Hang Seng Index in Hong Kong was also up 12.8% this week. My best performing Chinese ETF is $iShares China Large-Cap ETF(FXI)$ as I am up 21%. FXI is one of the oldest China focused ETFs which started on October 5 2004 by BlackRock under its iShares brand. FXI represents a concentrated portfolio of 50 large cap H Shares, P Chips and Red Chips listed in Hong Kong. FXI draws i
I closed $iShares Gold Trust(IAU)$ ,My Successful Trade: Selling iShares Gold Trust (IAU) Today, Friday, September 27, 2024, I decided to take profit on my IAU position. I initially bought IAU at $48, and with the price reaching $50, I've decided to sell and lock in my profit. This trade has been a successful one for me, and I'm happy to have made a gain. Using a Take-Profit Order I used a take-profit order to automatically sell my position when the price reached my target level, which helped me to avoid second-guessing myself and ensured that I didn't miss out on the opportunity to take profit. A Slightly Higher Price After Close Although gold went up to $50.20 after the close, I'm still satisfied with my decision to sell at $50. I made a pr
**Maximizing Gains with a Covered Call on Palantir (PLTR)**
Recently, I made a couple of moves with Palantir (PLTR) and, while initially excited, I want to share the correct way to calculate the potential gains from this strategy. I bought **98 shares** of PLTR at **$36.82** and sold a **covered call** with a strike price of **$36.00**, expiring on **October 4, 2024**. I collected a premium of **$1.36** per share for this option. With the current spot price at **$36.92**, let me walk through how this works in my favor—and more importantly, the correct potential profit.$Palantir Technologies Inc.(PLTR)$ ### How Covered Calls Work in My Favor By selling the covered call, I immediately earned **$1.36 per share** in premium, which comes out to **$136** in total (even thoug
Despite the upcoming non-farm payrolls data next Friday, the price action suggests the National Day rally shouldn't face major hurdles, so feel free to enjoy the holidays.$Nvidia (NVDA)$Next week's trading range is expected to be $110-$130.Institutions sold covered calls at the $130 strike: $NVDA 20241004 130.0 CALL$ In line with this range, I sold $110 puts and $130 calls.$Tesla (TSLA)$The source of conviction for a National Day rally. Let me first apologize to the Goldman analyst I wrongly criticized earlier - Tesla's price action next week could unexpectedly impress.For their covered call roll, institutions selected an aggressive $27
Weekly | Mega Rally Propels HSI Past the 20,000 Barrier!
This week, a barrage of monumental boosts shook up the Hong Kong stock market, with the $HSI(HSI)$ rocketing 13% and soaring past the 20,000-point milestone!On the news front, Tuesday witnessed a press conference hosted by the State Council Information Office, where Governor of the People's Bank of China unveiled three game-changing policies: 1.Cuts in both the required reserve ratio and policy interest rates, driving down market benchmark rates. 2.Reductions in existing mortgage rates and lowering the minimum down payment for second homes. 3.Establishment of a ¥500 billion swap facility for securities, funds, and insurance companies, alongside a ¥300 billion special re-lending program for share repurchases and increased holdings.Thursday then brou
26 September 2024. US stocks rose on Thursday, with the S&P 500 hitting an intraday record high following (a) the release of a stronger-than-expected GDP (see below) and (b) upbeat earnings from Micron Technology sending the chip sector higher. GDP - Q2 2024. US economy grew at a 3% annualized pace in the second quarter, at a pace faster than Wall Street had expected. (see above) The 3rd and final estimate of US’s Q2 2024 gross domestic product (GDP) was unchanged from the second estimate. It confirmed that US economic growth was higher than the 1.4% annualized growth seen in previous quarter. US Weekly Jobless Claims. At the same time, number of Americans filing new applications for unemployment benefits dropped to a 4-month low last week. (see below) Data from the US Labor Department
Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano
📈STI Stocks will Continue to Rise in 4 Months, Check 5 & 10-Year Winners List
$Straits Times Index(STI.SI)$ has reached its highest point in many years, but the historical data shows the market still needs to rise for another 4 months?But according to the seasonal effect of the past 24 years, October, November, December and January are still rising.In October, November, December and January, the average increase was 0.42%, 0.84%, 1.46% and 0.52%.Source bloomberg, data as of 25 september 2024Tiger analyst @Tiger_James Ooi pointed out that although the STI market is approaching its historical high, many high-yield bank and SREITs stocks are still undervalued and may continue to rise in the future.See the following three pictures:Bank’s valuations are not demanding.
Hello everyone! Today i want to share some option strategies with you!1.Took a buy-write trade on $PDD Holdings Inc(PDD)$ as a swap for a losing trade on another stock ... not thinking it was gonna rocket the next several days, but eventually come back up over time. Was prepared for a long swing trade.Well, thank you China !!! Sped up the process quite a bit. Just wish we would have loaded more on PDD (as well as taken positions in JD and BABA). Shoulda would coulda ... hindsight is 20/20.Please now go to 140 and give us a problem of having to decide what to do with the 130cc position. Fill that earnings gap! 🙏🏽Chinese stocks for the win 🥳🤑Follow me to learn more about analysis!!https://x.com/Selling4Premium
Japan's ruling Liberal Democratic Party (LDP) presidential election opened, the second round of voting, the LDP's former chief executive Shigeru Ishiba cold majority of votes, elected the new president of the LDP.The yen soared against the dollar, the Nikkei retreated and led global stock indexes to pull back. $S&P 500(.SPX)$$Invesco QQQ(QQQ)$$NASDAQ(.IXIC)$$Nikkei 225 Exchange Traded Fund(NTETF)$$SGX Nikkei 225 - main 2412(NKmain)$ Shigeru Ishiba's policy stanceShigeru Ishiba, in contrast to Japan's previous policies under the "Abe Economics", has put forward a ser
After the Fed's 50-basis-point rate cut, investors are puzzling over which market segments will reap the greatest benefits. Lower rates offer substantial support to equities, with small-caps poised to outshine large-caps.1.Tailwind of Falling RatesMany investors grasp that low rates can lighten the interest burden on firms of all sizes, freeing up cash for aggressive investments in growth projects. A closer look at debt profiles reveals that, due to their debt composition, small firms may reap a bigger impact from rate cuts compared to large corporations. Unlike large firms often saddled with fixed-rate debt, small firms face variable rates. This means as rates drop, borrowing costs plummet. Lower debt expenses translate into better cash flow, higher profitability, and superior investment
Gold Price Forecast: Will Overbought Conditions Trigger A Correction?
Gold prices have reached record highs recently, and some market participants believe that,A tactical pullback may be on the horizon and see it as an opportunity to add positions.However, UBS released a report saying that although the overall bullish outlook for gold is solid, the market may need to catch its breath.UBS analyst JoniTeves pointed out in the report that the consolidation period at this time is beneficial to the market, especially if it allows some weak bulls to exit the market and allows long-term investors to enter the market at a better level.Generally speaking, September is a relatively low season for gold prices.Because during this month, the dollar tends to perform strongly, yields rise, and the stock market performs weakly.However, this year's situation is different. Th
$NVIDIA Corp(NVDA)$ SMCI's complications affects NVDA's momentum, should you be worried? With the support at $120, moving in the range of $120-$127, we see this recent dip from overbought too fast situation as a good buying opportunity. There are some speculations around SMCI being one of NVDA's biggest clients. However we find it not to be true, it in latest and past FS clearly defines what is the definition of direct customers: We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, original device manufacturers, or ODMs, original equipment manufacturers, or OEMs, and system integrators. We have certain customers that may purchase pro
$Tiger Brokers(TIGR)$ I bet there are alot of smiling peeps atm. Third straight solid overnight trading. Can I get a high five? Fist pump? Bottle opener?😁
$NextEra Energy Partners LP(NEP)$ Ok so why am I investing in NEP. Simple really, it's a fantastic dividend stock that recently declared it may not be able to keep increasing dividends in the near term due to higher interest rate costs. It tumbled on that news and is yet to recover. But wait a minute, they just said they mite not be able to maintain increasing Their dividend, but they didn't say were reducing it. They just said short term interest rate headwinds mean they won't be increasing the dividend. But it's a bloody good dividend currently 14.39% paid quarterly and it's been paying and increasing dividends consistently for around 10 years. Once again as an emotional investor I see a bargain that investors have oversold because they overreact