To The Moon

Welcome to Thursday Special!Technology stocks continued to spearhead the market's rebound. What might be the trend going forward?Over time, market observers have recognized several recurring phases that seem to impact market performance. These include well-known phenomena like the Santa Claus rally, the January effect, the "sell in May and stay away" strategy, and the October effect…But the question remains: Will the market's current path align with these historical patterns?Do you believe that the market will indeed maintain a bullish trajectory for the remainder of 2023? 💭 Today’s Task: Could you sketch out the projected path for the remainder of 2023 in the diagram below?🎁PrizesComment Rewards:All Tigers who leave valid comments in the comments section will receive Tiger Coins but don’t

US stocks closed Tuesday's trading session mixed with the Dow Jones Industrial Average leading the day's declines. This was followed by S&P 500 composite index also falling. Lastly, tech-heavy Nasdaq Composite hugged the flatline. Incidentally, it was the only index that managed to finish the day in negligible gain & positive territory. When market closed on Tuesday: DJIA: -0.51% (-174.86 to 34,288.83). S&P 500: -0.28% (-12.22 to 4,387.55). Nasdaq: +0.06% (+8.28 to 13,505.87). Respective composite index has fallen below their 20-day ma. Respective composite index has fallen below their 50-day ma. Respective composite index is still sitting above their 200-day ma. Respective composite index’s is within RSI reading in the mid-30s to 40 range. It is neither oversold nor undervalu

The renowned sporting goods retailer has long been a destination for athletes and outdoor enthusiasts. However, recent financial turbulence has left investors and analysts questioning the company's outlook, as $Dick's Sporting Goods(DKS)$ grapples with unexpected challenges in the wake of its earnings report. Dick's In a surprising turn of events, Dick's reported a sharp drop in quarterly profit, sending shockwaves through the financial world. Despite a seemingly positive 3.6% increase in sales, the company's net income for the second quarter plummeted by a staggering 23% compared to the previous year. This bewildering disparity between sales growth and profit decline has raised eyebrows and cast a spotlight on the underlying issues plaguing the co