We saw the stock market show mixed results on 24 April 2024, major indices was fluctuating around their previous closing levels. Overall market breadth was generally negative, with more stocks declining than advancing on both the NYSE and NASDAQ. The S&P 500 remained nearly unchanged. The Nasdaq Composite saw a slight increase of 0.1%. The Dow Jones Industrial Average experienced a minor drop of 0.1%. The Russell 2000 fell by 0.4%. Amidst mixed earnings reports, IBM and Meta Platforms lead the market movement, with Meta declining more than 15% after their earnings report. Earnings Announcements Influenced Market There are several earnings announcement which has an influence on the market yesterday (24 April), Tesla surged 12% after announcing plans to start production of affordable mod

This week earnings season continues to be a wild ride. While the EPS beat rate are coming in strong, many stocks are reporting severe price declines even after posting decent results. The latest one we saw this morning is $Meta Platforms, Inc.(META)$. Meta faced high expectations heading into the report as its stock gains grew and estimates rose. So even though Meta beat revenue expectations for the latest quarter and essentially matched expectations with its outlook. Meta issued a weaker than expected second-quarter revenue forecast, that send its shares and their internet peers down in Wednesday (24 April) after-hours trading. One factor is also Meta's heavy spending push, directed toward areas like artificial-intelligence hardware and the comp

As we have seen $Palantir Technologies Inc.(PLTR)$ trading in quite a volatile state in recent weeks, With investors feeling positive towards the tech stocks earnings, we could expect some help from that on Palantir. In this article I decided to do a technical analysis and try to see if we can find any trend of reversal and what are the factors that could contribute to either a good (bullish) reversal or poor (bearish) reversal. Palantir Saw A Falling Wedge Trend Looking at how Palantir have been trading since March 2024, we could see a falling wedge forming. Together with weak bulls (buying) strength. But if we look at how falling wedge pattern is characterized by a contracting range between two converging trendlines slanting downward. This patte

We saw the stock market started the day on a positive note and maintained its momentum, ended the day near its highs. There are minimal selling pressure at the index level help to create this upbeat session. Other factors like positive reactions to earnings reports, lower market rates, and widespread buying interest helps to maintain this upbeat session. Both small-cap and mega-cap stocks saw significant gains. The Russell 2000 Index experienced a 1.8% increase, while the $Vanguard Mega Cap Growth ETF(MGK)$ saw a 1.7% rise. Yield Down Manufacturing PMI Softer We saw a retreat from the 2-year note yield from the 5% mark, this boost the support for an early rise in stocks. The decline in yield was triggered by softer-than-expected preliminary manufa

This week we are going to see Big Tech earnings report, and at time of this writing, we have see $Tesla Motors(TSLA)$ stock price went up after hours when they pledge to accelerate launch of cheaper cars after sales miss. Big Tech’s profit Jump, Shall Prop Up S&P 500 Earnings We have finally see the stock market staying green in most of the trading sessions, but investors have already start to look at the earnings season for a dose of good news as list of stock-market worries growing seemingly by the day, I would say investors might be hanging their hopes on a familiar group: Big Tech. As we have heard news of thousands of jobs was slashed to cut costs, we would be seeing the biggest US technology and internet companies pumping out profits. We

After significant declines experienced last week, we saw the stock market showing signs of recovery on Monday (22 April 2024). The market get off to a slow start before picking up momentum in the afternoon session. The afternoon session momentum was mainly driven by early buying activity and also some short-covering activities. This recovery has helped the major indices to close higher with NASDAQ close more than 1% up and S&P 500 closing above the 5000 mark. Reversal From Microsoft and Meta Platforms Two major companies among the large-cap tech stocks managed to reverse their earlier losses to close higher. $Microsoft(MSFT)$ was initially down by 0.8% but it managed to close the session with a 0.5% gain.

$Meta Platforms, Inc.(META)$ is scheduled to report quarter results for period ending 31 March 2024 on 24 April 2024 after market close. Meta is expected to report is rise in quarterly revenue with a 26.2% increase in revenue to $36.156 billion from $28.65 billion a year ago. According to the guidance Meta provided on 01 Feb 2024, the revenue for the period is expected to be data.The company's guidance on February 1 2024, for the period ended March 31, was for revenue between $34.50 billion and $37.00 billion. What would help the revenue is the increased spending on ads and also the recovery momentum in advertising spend to continue through 2024. What would be also in investors lookout is their new AI chips and how they are going to capture the al

This week, we will be seeing Google, Microsoft and Meta Platforms releasing their March-quarter earnings. We have seen how mega caps stocks from the Mag 7 have caused the market to move into a downturn amidst a sell-off last week. This week with Google and Microsoft releasing their result on 25 April 2024 after the market close, investors would be watching closely for how their revenues could be lifted by the artificial intelligence–powered services they are providing. We need to take note that last week tech stocks suffered a sell-off after AI spending was reported to be cut, so how much did Google and Microsoft managed to gain in their revenues before spending was cut. March PPI (Data Processing) Dropped AI Revenues Might Benefit There is something we need to be aware of when inflation w

We have the first weekend after the halving, and the block reward halving forces miners to reassess their operational strategies to maintain profitability in an environment of reduced block rewards. Those who choose to continue with energy-intensive mining practices face the risk of reduced profits, necessitating operational adjustments. In order for miners to continue their survival, there are option presented to either expand their operations or stop the operations entirely. But if we look at the demand for bitcoin especially with the introduction of Spot Bitcoin ETFs, we would see that there have been an increase since last week (Thursday/Friday - 19 April 2024). Bitcoin Current Price and Price History At time of this writing, Bitcoin traded above $65,000 which is much higher than the

Last week, we saw the stock market experienced a downturn with significant indexes reporting losses. The Russell 2000 decreased by 2.8%, the S&P 500 fell by 3.1%, and the Nasdaq Composite saw a 5.5% drop. Only Dow Jones Industrial Average remained relatively stable, showing no significant change over the week. While we look forward to this week market performance, we need to understand how the market sentiment influencing sector and overall market performance. Rising Interest Rates, Geopolitical Tensions and Specific Sector Weakness If we look at the various factors affecting the market sentiment, these includes the rising interest rates, geopolitical tensions, and sector-specific weaknesses. The largest declines sectors we saw affected by weakness in mega-cap stocks are the informatio

We have seen $CME Bitcoin - main 2404(BTCmain)$ climb 4% and focus have sharpened on the $58.8K as potential pivot point. This is because if we go back to before 18 April, where we saw Bitcoin was just below $60,000 on 17 April. We have since saw a 4% rally, CryptoSlate has identified $58.8k as a major support level — which is the short-term holder realized price (STH RP) that has previously acted as support during bull runs. If Bitcoin drops below the support level, it could signal a bearish trend, similar to the breach of STH RP in May 2021 that kicked off the bear market. The URPD (Unspent Realized Price Distribution) metric, as defined by Glassnode, shows the prices at which the current set of Bitcoin UTXOs were created — with each bar r

The pattern that we observed throughout the week at the NYSE index appeared to shadow yesterday’s trading session. We saw some early gains which seem to dissipate after the market show lack of strong buying interest. The dominance of decliners over advancers across both NYSE and NASDAQ was reflected in the trading session. Yesterday session saw the major indexes ended mixed, with S&P 500, NASDAQ and Russell 2000 giving their fifth consecutive loss, only Dow Jones managed to gather a marginal gain. Significant Contribution From Notable Movements In Heavy-weighted Stocks Yesterday market dynamics was largely contributed by some notable movements in heavily-weighted stocks. Microsoft, Amazon and Tesla suffered declines, with Tesla hitting their new 52-week low. Their performances had a n

What is a Bitcoin block halving event? Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code. Estimated Halving Countdown Date/Time It is estimated to see the Bitcoin halving happening in Singapore time on 20th April 2024 at around 1047hrs GMT+8. As of time of writing, we have seen $CME Bitcoin - main 2404(BTCmain)$ went up by 2K from $61K to $63K. Miners stocks like $CleanSpark, Inc.(CLSK)$ $Mara

$Taiwan Semiconductor Manufacturing(TSM)$ reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $1.32 by 4.55 percent. TSM reported quarterly sales of $18.873 billion which beat the analyst consensus estimate of $18.395 billion by 2.60 percent. That is a 12.88 percent increase over sales of $16.719 billion the same period last year. With this stellar earnings from TSMC, I believe the $VanEck Semiconductor ETF(SMH)$ will going to be benefit from it, and together with $NVIDIA Corp(NVDA)$ . TSMC and Nvidia are the Top2 holdings in SMH. Entry Point For VanEck Semiconductor ETF (SMH) I will be trading SMH today (18 April) as there

Earlier this month (April), we saw $Procter & Gamble(PG)$ announced a hike in its quarterly dividend by 7% to $1.0065 per share. This has make it one of Wall Street's best dividend stocks, with PG having raised its payout for 68 consecutive years. With the fiscal third-quarter earnings report due before 19 April 2024 (Friday) market open, P&G is expected to report earnings of $1.31 per share (-4.4% YoY) on revenue of $19.0 billion (-5.5% YoY). P&G’s margin performance which have been above its pre-pandemic levels, and with its strong cash position, stock buyback program and healthy delta between its free cash flow and allocation strategies should be able to withstand any volatility in its stock price. If the top-line sales were to be les

Yesterday (17 April) trading session, there was a slight green movement, but most of the trading session on NYSE show mostly negative performance, with the volume of trades being below average. We saw some early attempts to buy the dip, but the market did not manage to keep up the upward momentum. Indices closing in their lows but still reflecting an overall downside. NASDAQ lost more than 1% and S&P 500 lost 0.58%, these was largely influenced by underperformance in mega cap stocks and the semiconductor sector. Mega Cap and Semi Sector Dip The Vanguard Mega Cap Growth ETF (MGK) saw a decrease of 1.0%. PHLX Semiconductor Index experienced a significant drop of 3.3%. Information Technology in the S&P 500 was the worst-performing sector, down by 1.7%, followed by Real Estate which de

$Netflix(NFLX)$ will be disclosing ts first-quarter results after market close on Thursday (18 April). The fourth quarter have been a ‘blockbuster’ to Netflix as they saw subscriber numbers beating expectations and margin guidance upgraded, With Netflix rolling out cheaper ad-supported plan, this could show in Netflix’s results as this new plan should boost its earnings. As the plan start from a much lower base, meaning there's more room to run. Another area to look at for this earnings, would be the effect and result from Password sharing crackdowns, there should be some significant increase in subscriber from this exercise. Netflix is expected to report Q1 earnings of $4.20 per share, up 45.8% year-over-year (YoY) on revenue of $8.6 billion (+5.

We are less than 3 days until the most important and anticipated event in the cryptocurrency sector: Bitcoin's halving. This event is expected to have a major impact on the sector due to recent developments surrounding the leading digital asset. Some of these developments include the emergence of spot Bitcoin exchange-traded funds (ETFs) and the evolving regulations for digital assets. I think we need to understand what are the key metrics to monitor ahead of the halving include on-chain activity, exchange withdrawals, and ETF inflows. Bitcoin miners are expected to adapt to post-halving challenges by upgrading equipment and diversifying revenue streams. Bitcoin On-Chain Volume (7 Day Moving Average) As we can see that when $CME Bitcoin - main 24

Tuesday (16 April) trading session was hit by volatility by major indexes. The S&P 500 experienced a slight decrease of 0.2%, while the Nasdaq Composite saw a marginal decline of 0.1%. The only one that has managed to provide a modest increase of 0.2% was Dow Jones Industrial Average. The increase was being supported by a significant increase from $UnitedHealth(UNH)$ which urged 5.2% following its earnings announcement. Market React To Fed Chair Comment For More Time During the afternoon session, we saw there is fluctuations after Fed Chair Powell emphasized the need for more time to assess the impact of restrictive policies, especially in light of the ongoing challenges with inflation. This has been interpreted as a confirmation of recent ad