To The Moon

Likely we will have a small pullback. Based on statistics, there are on average 3 pullbacks of 5% a year and on average 1 pullback of 10% a year. Expect a slight pullback then be ready to go long once we see a bullish candlestick pattern. Lets all huat together!

$S&P 500(.SPX)$ has had a bad day yesterday as we know it, probably triggered by the latest inflation related news. I may be wrong, but I will be surprised if this is the start of the reversal. Rather than a technical analysis, I will explain from a macro level perspective. Everyone had a good weekend, it was the superbowl, it is the start of the Lunar New Year, Joe Biden posted on Tiktok, new Marvel deals, it's the Dragon year, more Feds on a 'no landing' Feds outcome, etc. As hard as it may seem to be, this is a temporary pullback, everyone is ready to move on again, everyone has accepted the inflated prices, the shrinking portion, the dystopic reality. The emotional buying and spending i

Yesterday summary sessionThe $DJIA(.DJI)$ experienced its sharpest decline since March last year, with approximately 90% of S&P 500 stocks falling as well.This significant pullback from record highs was triggered by a higher-than-expected inflation report, causing both the Dow and S&P 500 to lose 1.4%, while the $NASDAQ(.IXIC)$ dropped by 1.8%.The surge in bond yields added pressure to stock prices, with the two-year U.S. Treasury note yield hitting 4.65%, its highest level in about two months.YieldsInflation Report ImpactThe consumer price index (CPI) increased by 0.3% in January, surpassing expectations and rising 3.1% from a year earlier. Core CPI, which excludes volatile food and energy compo

Price action (4 Feb 2024) - Fib 61.8 pullback 180 was a strong bounce - Could it be a big dead cat bounce to form the right shoulder for Head and Shoulder and then break down below 180 to 165 (range play) - As they say, it is only a confirmed pattern until the neckline break, so for now, the recovery seems on. Got to see how AAPL moves next week. - A 180 hold and breakout is still quite bullish My plays - Selling puts still for now AAPL Daily - 4 Feb 2024 @melson @CaptainTiger @TigerStars @macroB

My 2023 investment decisions in review: 1) My choice to purchase ETFs as the bulk of my portfolio was and is still a wise decision. It allows me to readjust my holdings according to a set of rules without buying or selling any stock, saving money from transaction costs. [Miser] In addition, it is done automatically every quarter. This saves me time from analysing stocks and keeping up to date with related stock news. [Cool] Although this strategy would mean underperforming or keeping up to pace with the market, it would save me my most precious resource - time. For those who aspire to attain higher than market returns, careful stock picking from deep analysis would still be the way to go. [Happy] 2) Speculation in hindsight