To The Moon

Recap Last week I predicted bearish for XPEV after a crazy spike in the week before. Yes, it ended up to be the top losers of the week but its peers were weak as well. Top pick My first choice for next week will be the leader $Tesla Motors(TSLA)$ as it is very very near to its ema50 support as shown in the figure below. The pullback is healthy and the rebound is coming probably. Yesterday was a nice entry point but no longer valid due to the closing price was lower. Tesla daily chart Chinese Trio As compared to last week bearish prediction, I am bullish for $XPeng Inc.(XPEV)$ after a heavy pullback. Howeve

Summary of the previous session: The week started with a broken streak for the markets as equities continued to face challenges following Fitch's US debt downgrade. Even a jobs report released on Friday, although slightly below expectations, could not reverse the bearish trend. Most active stocks: $Amazon.com(AMZN)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ Most active stocks Main events of the week: The week was marked by several key events, including the Nonfarm Payrolls (NFP) report which showed the US economy added 187,000 jobs in July, below economists' forecasts. However, the unemployment rate decreased to 3.5%. This data has been interpreted as showing a relat

The release of Nonfarm Payrolls (NFP) and Consumer Price Index (CPI) data is a highly anticipated event in the financial world. These economic indicators provide crucial insights into the health of the US economy and play a significant role in shaping monetary policy decisions. Let's analyze how the recent NFP and CPI data for July could impact the stock market. We will delve into the implications of the unexpected surge in job growth and the moderating inflation rate, offering context and expert opinions to provide a comprehensive understanding of the potential effects on the market. Brief Summary The July NFP report showcased a remarkable surge in job growth, with the economy adding 528,000 jobs, surpassing economists' expectations of 250,000. The unemployment rate also ticked lower to

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