To The Moon

The anticipated consolidation after the Juneteenth holiday happened. It has been varied response from the 3 composite index. By the time market called it a day: DJIA : down -0.72% (-245.25 to 34,053.87). S&P 500 : down -0.47% (-20.88 to 4,388,71). Nasdaq : down -0.16% (-22.28 to 13,667.29). Heading into the 2nd trading day, things are still not looking up (see above). The 3 composite index “futures” are still languishing in the “red” zone as Mr Powell kickstart his 2 days testimony at Capitol Hill since early March. Many believe the core theme for these 2 days remains about “interest rate”, why it was paused for June, only to have 2 more adjustments before the year is out. Additionally, Mr Powell has the unenviable task of assuring both Democrats and Republicans that the economy

S&P 500 ETF (SPY) Elliott Wave Sequence Remains Bullish June 21, 2023 By EWFRaj Short term, SPY favors higher in impulse Elliott wave sequence started from 5.04.2023 low and expect further strength to continue in wave 3. SPY finished wave 1 at 417.62 high started from 3.13.2023 low. It placed ((i)) at 402.49 high and ((ii)) at 389.33 low as 0.618 Fibonacci retracement. It finished ((iii)) of 1 at 416.06 high and ((iv)) at 403.78 low. Finally, it ended ((v)) at 417.62 high as wave 1. It corrected lower in 2, ended at 403.74 low as 0.382 Fibonacci retracement of wave 1. Above there, it favors higher in wave 3 and expect further strength to continue before correcting in 4. Within wave 3, it placed ((i)) at 420.87 high and ((ii)) at 409.88 low as 0.618 Fibonacci retracement of ((

With a focus on mining cryptocurrencies, particularly Bitcoin, $Marathon Digital Holdings Inc(MARA)$ has garnered attention from investors and traders alike. I am writing this article to explore the factors contributing to its potential for future growth. And how MARA fare on the Technical Analysis as well. I have been trading in and out of MARA. So I believe in its potential as a crypto miner. With the launch of crypto(Bitcoin) focused ETF/funds, MARA would be in a better position than before. A Strong Position in Bitcoin Mining Marathon Digital Holdings is primarily engaged in Bitcoin mining, a process that involves verifying transactions and securing the network by solving complex mathematical problems. As one of the largest publicly traded Bi

Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano

U.S. index futures swung between gains and losses on Wednesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell's congressional testimony, while Tesla gained as Texas requires charging stations to include its plug.Market SnapshotAt 8:20 a.m. ET, Dow e-minis were down 13 points, or 0.04%, S&P 500 e-minis were down 3 points, or 0.07%, and Nasdaq 100 e-minis were down 24 points, or 0.16%.Pre-Market Movers$NIO(NIO)$, $XPeng(XPEV)$, $Li Auto(LI)$ — Chinese EV ADRs jumped in premarket trading. NIO, XPeng, and Li Auto rose between 2% and 3%. China extended tax breaks for consumers buying clean cars through 2027, estimated to b

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