To The Moon

As of August 16th, $DJIA(.DJI)$ has declined by 1.72% since the beginning of August, $NASDAQ(.IXIC)$ has fallen by 4.98%, and $S&P 500(.SPX)$ has dropped by 3.29%, putting an end to five consecutive months of gains.Major indices’ pullback reinforces August curseAugust curse in the context of the stock market refers toa historical trend where the month of August tends to be associated with stock market declines or increased market volatility.Historically, July has been a bullish month for the stock market, but as August approaches, market volatility tends to rise.Market awaiting dovish news?The Federal Reserve Bank of Kansas City will host the 2023 Econo

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Market highlights:International rating authority Moody's downgraded the credit rating of 10 small and medium-sized banks in the United States, Italy announced a 40% windfall tax on the banking sector, and the main US stock index fell on Tuesday (8).Markets continue to watch data and comments from Fed officials. Bank of America last week dropped its forecast of a recession in 2023, citing solid economic growth and near-record low unemployment. However, Bank of America warned that receding recession fears could eventually put high interest rates back at the top of investors' concerns.Lori Calvasina, a strategist at RBC Capital Markets, believes that as the summer draws to a close, the rally in U.S. stocks could be hampered by three major factors, including weaker corporate earnings, a poor o

Wall Street's main indexes finished flat on Thursday. Early gains as a result of “milder than feared” CPI inflation data evaporated as investors begin to worry: About US economy in the longer term and its prospects. Whether US stocks have further runway? When US market closed for Thu, 10 Aug: (see above) DJIA: +0.15% (+52.79 to 35,176.15). S&P 500: +0.03% (+1.12 to 4,468.83). Nasdaq: +0.12% (+15.97 to 13,737.99). Volume on US exchanges was 11.82 Billion shares, compared with the 10.95 Billion average for the full session over the last 20 trading days. US Market On Thursday. Market’s Thursday performance was closely linked to US’s July 2023 Consumer Price Index report (see above). CPI climbed up by 0.2%, notching an annual rise of 3.2%; 0.1% less than analysts’ forecast of 3.3%. Core CP

I'm glad to gain a little profits the day before we celebrate our nation's birthday! [Happy] Green Arrow indicates buy. Red Arrow indicates sell. I bought $Tesla Motors(TSLA)$ put at first when $Invesco QQQ Trust-ETF(QQQ)$ was flushing down. However, Tesla didn't disappoint and did a V-shape recovery. I didn't rush in, but insteadwait for the next leg breakout before gettingin calls. By carefully waiting for the right setup, I can trade both sides of the market. If you want to learn more about options, feelfree to follow me. Do note that this is for educational purposes and I'm just sharing my experience, t

Another day of trading, I'm grateful to be able to earn small profits again [Miser] Today I traded $Tesla Motors(TSLA)$ again. 2 trades $TSLA 20230818 240.0 PUT$ Bought in early when the price is flushing down in hopes for the price to break down 10mins opening range. Thanks to Lady Luck on my side, the price breakdown and I sold half my position. I was holding on for the second leg down, but it didn't happen. When it breakouts to theupside of the consolidation, I sold my other half to secure my small profits. $TSLA 20230818 242.5 CALL$ Bought

Nvidia $NVIDIA Corp(NVDA)$ , king of AI, will release the second quarter of the fiscal year 2024 (May 1, 2023 - July 31 2023) after the closing bell on August 23. The financial report of the world attention, it may have a significant impact on the trend of the US stock market!In the last quarterly earnings report, Nvidia stunned the world. Management expected FY24Q2 revenue to be around $11 billion, a year-on-year increase of 64%, far exceeding analysts' consensus expectations of $7.15 billion!Boosted by this, Nvidia soared 24% the day after the results were announced, or 1.6 Intel$Intel(INTC)$ a day!Since then, Nvidia's share price has risen continuously, with a market capitalization of more than $1 tril

As market volatility intensifies and the US dollar strengthens, US Treasury yields has reached its highest point since October, reaffirming the "higher for longer" sentiment following the release of the Federal Open Market Committee (FOMC) minutes. The year 2023 has posed challenges for US treasuries, with events like the debt ceiling and rate hikes impacting their performance. Amid these dynamics, investors are contemplating whether it's an opportune moment to consider bottoming out US treasuries. Notably, prominent investors hold divergent views on this matter.Bottom US Treasuries or not? Buffett, Musk and Ackman are dividedElon Musk, the CEO of $Tesla Motors(TSLA)$ , believes that investors stand to gain considerably at the shorter end of the U

The S&P 500 futures are showing a modest uptick of 0.2% in pre-market trading, indicating a potential recovery after back-to-back losses in the previous sessions. Investors are absorbing the latest commentary from the Federal Reserve, which suggested that future rate hikes remain a possibility. Nasdaq-100 futures are also on the rise, up 0.3%, while Dow Jones Industrial Average futures are trading near the flatline. In corporate news, retail behemoth $Wal-Mart(WMT)$ has surged 1.6% in premarket trading following an impressive second-quarter earnings and revenue beat. The company has not only raised its full-year guidance but has also highlighted robust performance in its grocery and online sales segments.