Due to the formidable rival— $Roche Holding Ltd(RHHBY)$ 's oral weight loss drug is coming!On Thursday's closing, $Eli Lilly(LLY)$ declined by 6.26%. By the time of Friday's opening, Eli Lilly had declined by 10.49% for the week, erasing all the gains since June 7th. In the meantime, $Novo-Nordisk A/S(NVO)$ fell over 4% on Thursday, with a weekly drop exceeding 8%, falling back to the price before May 10th.I have been keeping an eye on weight loss drugs before, and my friend was bullishly believes that $Eli Lilly(LLY)$ can rise above $1,000.1. Let me took a closer look at what happened?It turned out that their competitor i

After the recent gains, on Wednesday (17 July), we saw S&P 500 losing -1.4%, Russell 2000 lost -1.1% and NASDAQ have the greatest loss at -2.8%, these has showed us that some consolidation happen. Influential winners for 2024 till now like mega cap stocks and chipmakers are instead giving significant declines on Wednesday and this has cause some impact on the broader market. Significant Declines From Nvidia, Meta, Apple and Broadcom Semiconductor stocks like Broadcom (AVGO) has the largest decline with -7.9% loss, followed by Nvidia (NVDA) with -6.6%. The next name to suffer is the social media platform, Meta Platforms (META) losing -5.7% and another favourite name Apple (AAPL) lost -2.5%. The Vanguard Mega Cap Growth ETF (MGK) declined 2.8% and the PHLX Semiconductor Index (SOX) slid

Hi everyone. Today I’ll be looking at an athletic apparel retailer: Lululemon Athletica Inc. (NASDAQ: LULU) LULU is trading in an ascending channel that has been making higher highs and higher lows. It has spent the entirety of the year, so far, correcting from the top of the channel to the bottom of the channel. The monthly Stochastic reading now sits at 0, 1 - this is considered an extreme oversold reading. The past few times LULU got this oversold on the monthly, it minimally gave a retaliatory bounce, if not a local bottom. For the weekly chart, the Stochastic is trying to put in a higher low. I’m just using the weekly chart to illustrate one of the major levels that I’m watching - 252.03. This level marked the bottom in May’22 and resulted in LULU making new ATHs. Should this level be

Big-Tech’s PerformanceOn July 11th, the Nasdaq gave back a week's worth of gains after hitting two straight new highs.In the past week, the technology giants took turns to hit new highs, but in the unexpected cold CPI index came out, the market pricing rate cuts are expected to be more, but the funds flow back to small-cap stocks, but also to a certain extent balanced the head of the individual equity weighting "over-concentration" of the problem.Will this be the second half of the overall trend? Or is it a blip? The key is still to see how the rate cut is expected and lands.The best performers over the past week through the July 11 close were $Apple(AAPL)$ +2.72%, $Meta Platforms, Inc.(META)$ +0.54%,

$S&P 500(.SPX)$ Heisenberg's Chart Update: What a day today huh?! First 2% drop close in god knows how long. Anyhow, we look forward bretherns! I can see a small mini reprieve bounce near term here. And then we trek further lower to fill that 5,375 gap fill, causing the Daily RSI to hit oversold conditions similarly to April's 5% correction. Heisenberg on XSeth Golden: VIX has signaled a RISK-OFF event when 10-Day ROC crosses 40. Historically, this has proven a $S&P 500(.SPX)$ BUY signal with forward 3 and 6-month positivity rates 84% and 91% respectively. If you have 3-6 months and cash...Seth Golden on X @TRIGGER TRADES : Watch for the 5467-

Mag 7 Pullback: Is this the time to buy? Introduction In the world of finance and investments, the term "Mag 7" often refers to the seven largest tech companies by market capitalization, usually including giants like Apple, Microsoft, Alphabet (Google), Amazon, Meta (Facebook), Tesla, and Nvidia. These companies have been the driving force behind much of the market's gains in recent years, but recent pullbacks have investors wondering: Is this the start of a more significant correction, or just a minor dip before the next surge? Understanding the Pullback A pullback refers to a temporary drop in stock prices following a period of significant gains. It is a normal and expected part of market behavior, often providing a healthier market environment by allowing investors to assess valuations

Large Cap Companies Strength Trend Meter Bar Chart: $Alnylam Pharmaceuticals(ALNY)$ $Rivian Automotive, Inc.(RIVN)$ $Support.com(SPRT)$ $MongoDB Inc.(MDB)$ $Samsara, Inc.(IOT)$ $Carvana Co.(CVNA)$ $FedEx(FDX)$ $Anglogold Ashanti(AU)$ $Argenx SE(ARGX)$ $Cloudflare, Inc.(NET)$ Image $Rivian Automotive, Inc.(RIVN)$ : Morgan Stanley ra

$NVIDIA Corp(NVDA)$ $Amazon.com(AMZN)$  Hot US Stock Market News Wall Street Drops as Nvidia Leads Tech Stock Decline 📉🚀 Kia ora Tiger traders! Today's hot news from the US stock market is all about the recent declines driven by Nvidia leading the drop in tech stocks. Here's the scoop: 📊 Market Performance: - Dow Jones Industrial Average (DJI): -0.3%, closing at 39,000.87, with several major stocks in the red. - Nasdaq Composite:-1.5%, ending at 18,000.76, significantly impacted by tech stock declines. - S&P 500:l -1.2%, closing at 5,500.19. 🔍 Driving Factors: - Nvidia (NVDA) shares fell 10% today, leading a broader sell-off in tech stocks. This decline was influenced by profit-taking and concern