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

pcwSg
2023-06-25

The past week

On Daily timeframe

On 5D timeframe

Constantly gapping down during off-market, and closing mostly sideways. [Blush] [Blush] 

Lesson

With multiple gap downs, it means the market is reacting strongly to certain news or data.

Such a gap down structure, leaves many gaps for a potential gap fill.[Wow] [Wow] 

This means there is a high chance of seeing a strong upwards move before the market continue its way, regardless of going upwards or downwards.[Blush] [Blush] 

Looking at individual stocks

5D change % for top constituents

Mega caps together with overall marlet, down slightly. [Gosh] [Gosh] 

$Amazon.com(AMZN)$ was one of the oddities this week inching upwards.

Nothing much happening until next catalyst appears.

Looking forward

No strong trend in the market currently. Expect $S&P 500(.SPX)$  to continue sideways, consolidating for a rollercoaster ride to come in the near future. [Gosh] [Gosh] 

For long-term investors, "Time-in the market, is more important than tim-ing the market." [Victory] [Victory] 

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.
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Comments

  • RandolphStilwell
    2023-06-25
    RandolphStilwell

    Who needs a crystal ball when you can just watch the gaps and predict the market's next move? [

  • AlvaThompson
    2023-06-25
    AlvaThompson

    The mega caps might be down, but at least Amazon is having a little victory dance up there!

  • BridgetBirrell
    2023-06-25
    BridgetBirrell

    Buckle up, my friend, because the market is just warming up for a rollercoaster ride!

  • ReginaldHearst
    2023-06-25
    ReginaldHearst

    Well, it seems like the market is playing a game of "gap and seek" with you!

  • ReginaEipstein
    2023-06-25
    ReginaEipstein

    Those gaps are like missing puzzle pieces just waiting to be filled.

  • Nggimseng
    2023-06-25
    Nggimseng
    Nice
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