To The Moon

Market Outlook - 04 Dec 2023 Technical observations of the S&P500 1D chart: The Stochastic indicator has completed a top crossover and should start a downtrend soon. The MACD indicator is on an uptrend with a top crossover setup. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long-term and mid-term. As the 2 lines move closer, there is a chance of forming a death cross - typically, a bearish indicator. This could take weeks before this death cross is formed and changes are possible. Exponential Moving Averages (EMA). All 3 EMA lines are moving upwards and thus, implying an uptrend. From the 1D technical indicators above, there are a t

Over the past few quarters, the$Apple(AAPL)$ $XIAOMI-W(01810)$ mobile phone industry has faced the double pressure of volume cuts and price declines. Xiaomi's revenue growth rate also continued to decline for 6 quarters, and there was even a loss in net profit from the mother in Q3 2022, but the trough period was finally overcome. According to the 2023 Q3 earnings report, Xiaomi's revenue was 70.89 billion yuan, up 0.6% year on year. Although the growth rate was not high, this was also the first correction in six quarters, and net profit returned to the same period in Q3 2020. While profits are picking up, the gross margin of Xiaomi phones als

Billionaire and investment legend Charlie Munger passed away on Tuesday at the age of 99. As the long-time Vice Chairman of Berkshire Hathaway, he was Warren Buffett's trusted confidant. Munger, celebrated for his sharp intellect and profound investment philosophy, leaves behind a legacy that will continue to influence generations of investors. Munger once said, "Our goal is to understand the world, not to predict it." This principle aligns with the concept of index funds, which focus on understanding the overall market instead of attempting to predict the movement of individual stocks. His views on investment were further demonstrated in his mockery of diversification. During the 2021 shareholder meeting of the Daily Journal Corporation, Munger particularly ridiculed financial professiona