What has the market taught pcwSg? (Week 3/4)

pcwSg
2023-06-18

The past week

Crazy moves as anticipated from all the economic data releases.[Gosh] [Gosh] 

Overall trend is still going upwards. 

Expect most pullbacks to experience V-shaped recovery as current market participants are acclimatised to recovery after pullbacks from the most recent experience, and will continue to stay this way until proven otherwise. [Onlooker] [Onlooker] 

Lesson

High volatility environment is fun to see, but a rollercoaster ride if one cannot handle seeing the moves.[Blush] [Blush] 

For long term traders, just sit on your hands and enjoy the ride.

For short term traders, a world of opportunities but tread carefully.[Miser] [Miser] 

Looking at individual stocks

Looking at 5 Day % change

 $NVIDIA Corp(NVDA)$ and $Tesla Motors(TSLA)$  up and up and up they go, where they stop? Nobody knows...

Growth stocks are back in business, as the economy settles down, growth stocks have all the right conditions to continue growing[Wow] [Wow] 

Looking forward

Next week will be a 4-day week since Monday is the Juneteenth holiday.

With a healthy correction this Friday, expect the markets to continue trending upwards, just not as fun and exciting as the past week.[Bless] [Bless] 

What Has the Market Taught You?
Today, we would like to invite you to share your valuable market insights! The key to becoming successful investors is to learn from our experiences. It doesn't matter if it is a new trading strategy, an eye-opening market trend, or a valuable lesson learned, we would like to hear from you.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • pixiezz
    2023-06-24
    pixiezz

    $420.69 is both a key technical level and psychological level for the NVDA demographic. Support failed in the AH yesterday, but I predict a steep bounce from there on Monday.

  • vippy
    2023-06-24
    vippy

    There was $1.5 billion worth of NVDA stocks bought by single entity at the eod (as could be seen on tape)

    • pcwSg: 
      wow... didnt know that... [Surprised] [Surprised]
  • frosti
    2023-06-24
    frosti

    Experienced investors know high PE's are meaningless for a growth Tech stock like Nvidia. Don't tell the shorts though. They are too busy bashing this great stock.

  • zookz
    2023-06-19
    zookz

    Well, well, well, Mr. Stockholder, looks like the market is giving us a wild ride again! Hold on tight, it's gonna be a thrilling adventure!

  • zinglee
    2023-06-24
    zinglee

    Nvidia should change its name to the money machine, its products selling out as quickly as they are made .even some companies are buying them to hoard

  • bubblyo
    2023-06-19
    bubblyo

    Ups, downs, and loops, the stock market is like a rollercoaster of emotions! We all love the excitement, don't we?

    • pcwSg: 
      [Chuckle] [Chuckle]
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