To The Moon

Last week was an “interesting” way to kickstart Q4 2024 and the first week of October. 3 main events influenced and presided over the US market: Tue, 01 Oct 2024. Iran missiles attack. Status - “opened”. Tue, 01 Oct 2024. US Port strike. Status - “pend until 15 Jan 2024”. Fri, 04 Oct 2024. US Non-farm payroll report. Status - “completed”. Coupled with the 4 jobs related reports released between Tue, 01 Oct to Fri, 04 Oct, the US market edged marginally higher by the end of the week. (see below) Despite a (a) fluctuating rate cut bets, (b) geopolitical tensions, and (3) supply chain concerns: DJIA: +0.15% (+63.0 to 42,352.75). S&P 500: +0.43% (+24.55 to 5,715.07). Nasdaq: +0.38% (+68.02 to 18,137.85). As we head into a new week, I will be curious if residual effect from last week’s even

Hong Kong stocks opened lower and kept falling. The $HSI(HSI)$ dropped over 2,000 points at one point, and the $HSTECH(HSTECH)$ tumbled by more than 14%.Two Main Reasons:First, the Fed's rate cut expectations have weakened significantly. Recently, the US dollar index and US Treasury yields have soared across the board. Yesterday, the 10-year Treasury yield hit above 4%. Today, non-US currencies rebounded across the board, especially the yen's rebound, leading to a sharp sell-off in Asia-Pacific markets.Second, Chinese assets have surged recently. Whether it's Hong Kong stocks, FTSE A50 futures, or ETFs of Chinese assets listed overseas, they've all seen high returns. Yesterday, A50 open interest hit an a

$Direxion Daily FTSE China Bull 3X Shares(YINN)$ has surged by 59.31% and 35.22% over the past two weeks, while $KraneShares CSI China Internet ETF(KWEB)$ jumped 26.79% and 13.20%! Suddenly, it's not “Anything But China” anymore—it’s “All in Buy China!”Those who acted quickly saw their investments skyrocket, with BABA bringing in jaw-dropping returns of 1827% and 136%! 🤯Curious about the strategy behind these massive gains? Let’s dive in!👏👏 Huge shoutout to @Puglover for an unreal 1827.84% gain on $Alibaba(BABA)$ options!👏👏 And congrats to @Blazekai for l

On Monday (07 Oct) the market gave a negative bias throughout the entire session. Slight declines was seen on the major indices initially, which saw heavier declines in the afternoon. The S&P 500 settled with 0.96% lower, while NASDAQ fell by 1.18% and DJIA was down with 0.94% lower. Russell 2000 ended with a 0.8% loss. Profit-taking After Recent Strong Performance Trigger Sell-Off After the recent strong performance, we saw profit-taking activities which trigger the sell-off. Major indices were near record highs, buoyed by a robust September jobs report. Additionally, geopolitical concerns regarding potential tensions between Israel and Iran contributed to the negative sentiment. This led to a significant rise in oil prices, with WTI crude oil futures climbing 3.7% to $77.18 per bar

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