Weekly S&P500 ChartStorm - Nasdaq has broken resistance, Bitcoin gaining too
Learnings and conclusions from this week’s charts: $.IXIC(.IXIC)$ has broken resistance, Bitcoin gaining too.Bitcoin/risk assets are scheduled for a seasonal boost.(but) Volatility $Cboe Volatility Index(VIX)$ season is not over yet.Election is set to deliver a binary corporate tax outcome (up vs down).There is a generational opportunity emerging in equal vs cap weighting.Overall, there is certainly an air of optimism in markets, and a clear upshift in speculative mood on display in the charts. And fair enough; there has so far been no major bad news, the Fed has pivoted to rate cuts, and seasonality is set to turn positive. Yet we can’t drop our guard entirely as there remains unfinished business on a nu
Why do stocks go up or down?As for this week, the market was up once again. Momentum keeps rolling, and as we begin earnings season, it’s good to see positive reactions to early results. This week, things kick into gear with companies like $General Motors(GM)$$Tesla Motors(TSLA)$$Verizon(VZ)$$American Airlines(AAL)$$United Parcel Service Inc(UPS)$ reporting third-quarter results.The 4 Reasons Stocks Go UpBroken down to their basics, there are four — and only four — reasons stocks go up.Revenue growthMargin expansionMultiple expansionStock buybacksEverything else is a subset of one
Public Holidays There are no public holidays in Singapore, Hong Kong, America, or Singapore in the coming week. Economic Calendar (21Oct24) Notable Highlights Existing Home Sales and New Home Sales figures will update us on the real estate market. S&P Global US manufacturing PMI was 47.3 previously. A figure of under 50 indicates a contraction. Are we able to see a rebound in the manufacturing sector? S&P Global US services PMI was 55.2 previously. This implies growth in the services sector. Will this sector continues its growth? Durable Goods Orders contracted by 0.9% previously. Investopedia defines Durable Goods as: new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) in the near term or
News and my thoughts from last week (21Oct24) - shorts, childhood illness, BlackRock
News and my thoughts from last week (21Oct24) MICHAEL SAYLOR THINKS BITCOIN WILL HIT $350,000 IN 2024. How many war fronts can America afford? BILLIONS WORTH OF SHORTS WILL BE LIQUIDATED IF BITCOIN HITS $72,000. - X user - BitcoinLFG Final numbers for fiscal year 2024 Total US govt revenue = $4.918 trillion Interest on natl debt = $1.133 trillion 23% of all govt revenue went to interest on the debt. 2025 fiscal year started Oct 1st, we are on pace for 30% of all govt revenue going to interest payments. - X user Wall Street Silver This would reduce the resources needed for infrastructure, healthcare, utilities, education, defense, and more. Is it ok to live in deficit? DEL BIGTREE: SURGING CHILDHOOD ILLNESS IN THE U.S. WILL DESTROY OUR NATION’S FUTURE “1 in 22 boys right now has autism
Market Outlook of S&P500 -21Oct24 > after 20+ indicators ...
Market Outlook of S&P500 -21Oct24 Observations: The MACD indicator is showing an uptrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. Both MA50 and MA200 lines are below the last candle. Thus, it could be read as bullish for both the mid and the long term. The 3 Exponential Moving Averages (EMA) lines are on an uptrend. Chaikin’s Monetary flow (CMF) shows an uptrend. This implies more buying momentum than selling. There is a “Strong Buy” rating with 1D interval. There are 20 technical indicators with a “Buy” rating and 0 with a “Sell” rating. There are also 3 indicators that point to a status of “Overbought”. From the candlestick patterns above, these seem to be more bearish candlestick patterns. From the indicators above, they point to a bullish run
My investing muse (21Oct24) - layoffs, cost of living, banking
My Investing Muse (21Oct24) Layoffs & Closure news Tech Layoffs: Amazon To Cut 14,000 Jobs In Managerial Positions - MSN EY slims workforce for first time in 14 years Slowdown in demand for consulting services leads Big Four accounting firm to post weakest revenue growth since 2010 - FT If laid off today, 40% of workers said they would run out of money within one month based on their current spending. 24% said they would run out within two weeks. - Market Watch Layoff & closure news continued into the week. Cost of living (taken from tweets of X user The Kobeissi Letter) The average cost of a family’s annual health insurance premium is up 7% over the last 12 months to a record $25,572. This is the second consecutive year with a 7%+ increase, pushing premiums higher by $3,109 in jus
$Palantir Technologies Inc.(PLTR)$ - Exhaustion Signals: Reversal candles like dojis or shooting stars crossing or at the higher Bollinger band have been followed by a pullback. The setup strengthens with RSI above or close to 70. The latest weekly candle is a hanging man overbought relative to the bands and RSI. Previously 20 weekly average has been the deepest support, in mild cases the 10MA. Like if interested in the monthly setup💚 $Invesco QQQ(QQQ)$$iShares Russell 2000 ETF(IWM)$$.SPX(.SPX)$ Image
China's NEV exports are hitting a ceiling of about 120k per month. One hurdle for Chinese NEV exporters like $BYD Co., Ltd.(BYDDF)$$Geely Automobile Holdings Ltd.(GELYF)$ is addressing the concern of service and part availability for units purchased today. A $Toyota(TM)$ bought 20 years ago can still be used today and kept in good working condition. Can the same be said for Chinese NEVs? Only time will tell. Also, markets that do not have domestic manufacturing of NEVs will likely price Chinese NEVs high vs. mainland prices. The domestic dealers will want to make a little bit extra up front because they forgo service revenues that would otherwise be obtained wit
SG Morning Call|Seatrium Rose 3%, Nio Fell 1.6%, Singtel Fell 0.6%, CityDev Rose 0.6%
Market SnapshotSingapore stocks opened flat on Monday. Seatrium rose 3%, Nio fell 1.6%, Singtel fell 0.6%, CityDev rose 0.6%.Stocks to watch:Keppel : The asset manager on Monday announced a deal with Woodside Energy, Australia’s largest oil and gas developer, for the supply and purchase of liquid hydrogen aimed at powering its data centres in Singapore. The potential liquid hydrogen supply is expected to form part of a larger, long-term utility-scale lower carbon power portfolio that Keppel is building to power its assets. Keppel shares rose 0.6 per cent or S$0.04 to S$6.47 on Friday before the announcement.City Developments Ltd (CDL) : The property giant’s residential project Norwood Grand sold 292 or 84 per cent of its 348 units over its launch weekend at an average selling price of S$2,
Can GE Aerospace (GE) Overcome Production Concerns For An Earnings Surprise?
$GE Aerospace(GE)$ is scheduled to report its third-quarter earnings before the market open on Tuesday (22 Oct). Strong performance for GE Aerospace stock is expected with potential breakout to a fresh multi-year high this week after its earnings. GE is the largest player in aircraft propulsion and consistently delivers the highest margins, but there is also key questions for GE's third-quarter results will be around the production of LEAP (leading edge aviation propulsion) engines following a shortfall in deliveries to Airbus in Q2 and the impact of Boeing's (BA) labor strike. Wall Street analysts are optimistic about the company’s performance, with consensus estimates predicting earnings of $1.14 per share on revenue of $9.05 billion. This sharp d
I closed $SoFi Technologies Inc.(SOFI)$ ,Selling Calls on SOFI: A Strategic Move for Option Traders As an option trader, I recently executed a trade on SOFI, a popular fintech stock. In this article, I will walk you through my thought process and the strategy behind selling a call option on SOFI. Trade Details Stock: SOFI Buy Price: $7.80 Strike Price: $8 Premium: $0.20 Trade Type: Sell Call Rationale Behind the Trade When I bought SOFI at $7.80, I had a bullish sentiment towards the stock. However, I also wanted to generate some additional income from my position. Selling a call option at $8 with a premium of $0.20 seemed like an attractive opportunity to do so. By selling the call option, I am obligated to sell SOFI at $8 if the buyer exer
🌟🌟🌟Frasers Centrepoint Trust $Frasers Cpt Tr(J69U.SI)$ is the "King of Suburban Retail Malls" in Singapore as it has a dominant position in the suburban retail space. This is supported by 99% occupancy in all its malls with strong reversionary prospects. Frasers Centrepoint Trust (FCT) is one of the largest suburban retail mall owners in Singapore. Its Singapore retail portfolio includes 9 well positioned malls near to Singapore heartland, close to public transport like MRT where Singaporeans shop and eat. These are Causeway Point, Century Square, Hougang Mall, NEX (50% ownership), Northpoint City, Tampines 1, Tiong Bahru Plaza, Waterway Point and White Sands. In addition, FCT also own
Introduction As of October 18, 2024, $Microsoft(MSFT)$ closed at $418.16, trading near its 200-day Simple Moving Average (SMA) of $417.73. This analysis employs financial fundamentals, competitive positioning, and technical indicators to assess MSFT as a potential investment for my personal portfolio. Financial Analysis Revenue and Earnings Growth Microsoft's financial performance remains impressive. For Q3 2024, the company reported revenue of $56.7 billion, a 14% increase year-over-year. This growth was primarily driven by its cloud computing division, Azure, which experienced a remarkable 24% increase in revenue. The earnings per share (EPS) also showed strong growth, rising to $2.79 from $2.45 in the same quarter the previous year. Profit Marg
Latest Results and Stock Market Reaction In its Q3 2024 earnings report, UNH reported $100.82 billion in revenue, a year-over-year increase of 9.2%. The company's earnings per share (EPS) was $7.15, compared to $6.56 a year ago. However, the stock market reacted negatively to the results, with the share price dropping from $605.40 on October 14, 2024, to $556.29 on October 15, 2024. As of October 18, 2024, the share price has partially recovered to $569.61. Brief Summary of Business UnitedHealth Group Incorporated (UNH) is a diversified health care company in the United States. It provides medical benefits through UnitedHealthcare and health services through Optum. The company's services include health insurance plans, pharmacy benefit management services, healthcare delivery, and technolo
Breaking $1 Trillion Mark: How TSMC Seized the Trend?
This week, the global chip industry felt like it was on a roller coaster. Dutch lithography giant $ASML Holding NV(ASML)$ reported disappointing results as customer orders fell short of expectations, hitting a three-year low. As market is wondering if the AI-driven chip boom had finally come to an end, $Taiwan Semiconductor Manufacturing(TSM)$ exceeded all expectations and rekindled the market’s optimism. TSMC’s revenue grew by 39% year-on-year, net profit surged by 54%, and its gross profit margin reached a record high. The market’s anxiety instantly flipped into euphoria, with TSMC’s stock soaring over 12% at one point, and its market cap breaking the $1 trillion mark.Advance process technology and extre
Gold vs. Gold: GOLD.AU vs. QAU.AU – Which Should Aussie Investors Pick?
The allure of gold has captivated investors for centuries, and in recent years, the yellow metal has seen a resurgence in popularity. As of October 2024, gold prices have reached record highs, with spot prices surpassing $2,700 per ounce. Analysts predict that gold could continue its upward trajectory, potentially reaching $3,500 by 2025. As a safe-haven asset, gold has been sought after during times of economic uncertainty and market volatility. In Australia, two prominent gold exchange-traded funds (ETFs) have emerged: GOLD.AU ( $ETFS Physical Gold(GOLD.AU)$ ) and QAU.AU ( $BETASHARES GOLD BULLION ETF(QAU.AU)$ ). This article will delve into the recent trends in the price of gold, the key differenc