To The Moon

Thanks to Tiger for awarding the weekly top predictions for QQQ! Managed to lock in 180% gain within 70 mins on Friday. A truly blessed week without a single red day 🙏 The S&P and Nasdaq dropped 1.3% and 1.9%, respectively, for their first negative week in three. Stocks rose slightly on Friday but logged a losing week amid renewed worries that the Federal Reserve may raise rates more than previously expected. SPY was climbing about 0.4% at one point on Friday, shaking off market fear caused by reports that China may ban its public workers from using Apple's iPhones. Blue or yellow channel trumps next week? Investors are optimistic that the Federal Reserve may choose to hold interest rates steady when it meets next on Sep 19 and 20, boosting a positive sentiment in the market, des

KEY POINTSWhile acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable.The speech resembled remarks Powell made last year at Jackson Hole, during which he warned that “some pain” was likely as the Fed continues its efforts to pull runaway inflation back down to its 2% goal.Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will remain flexible as it contemplates further moves, but gave little indication that it’s ready to start easing

$Pinduoduo Inc.(PDD)$ released its Q2 earningl report before opening August 29th. Following the resurgence seen in its Q1 , Pinduoduo continues to ride this wave of recovery, surpassing expectations once again on both revenue and profit fronts, re-entering a phase of high-speed growth.As we've previously highlighted multiple times, being one of the only two components of the $NASDAQ 100(NDX)$ (the other being $JD.com(JD)$ , Pinduoduo's performance in the secondary market has not only captured the attention of domestic investors but also mirrors the overall sentiment of international investors towards Chinese concept stocks. The previous underselling, the subsequen

$AMC Entertainment(AMC)$ The aftermath of the recent AMC stock split and its subsequent developments paint a vivid picture of the challenges and complexities facing meme stocks and the companies behind them. While the reverse stock split initially led to a temporary surge in the stock price, it quickly faltered due to the company's ongoing efforts to raise capital through additional share offerings. This relentless dilution of existing shareholders caused the stock to plummet to new all-time lows, casting a spotlight on the perils of utilizing meme-stock tactics to artificially inflate share prices. AMC's saga showcases the delicate balance between short-term market hype and long-term financial health. The company's

As $NIO Inc.(NIO)$ Gears Up to Report Q2 Earnings, Can It Steer Through Economic Challenges and Tesla's Shadow? In the midst of China's economic turbulence and a relentless rivalry with EV titan $Tesla Motors(TSLA)$, NIO, the Chinese electric vehicle (EV) manufacturer, braces for its Q2 earnings report. As economic indicators flicker and market sentiment wavers, all eyes are on NIO's performance to gauge whether it can rev up its growth engine and fend off its competitors. Nio EP9 EV Momentum and Economic Crossroads NIO's journey through the EV landscape has been marked by both triumphs and trials. With sales of its electric vehicles gaining momentum on

Chinese ADRs continued to be volatile for the past months. Until last week, we see many of these stocks start to pick up and rebound strongly, after the good stimulus news from the Chinese government. Some hot counters Let's look into some popular Chinese hot ADRs. First and foremost, the famous BABA. It showed a strong breakout from its parallel uptrend tunnel, which may lead the stock to continue its bullish movement next week, therefore $Alibaba(BABA)$ . Nice breakout Next will be $Bilibili Inc.(BILI)$ , which also showed a double bottom pattern with a neckline breakout last Friday. The breakout was not firm yet as the closin

2023 is a good year I think most investors agree that 2023 is a pretty good year for the world equities market. Most of them are performing very well except some weakness shown for China and HKEX markets. However, both of them starts to turn much better last week! Therefore, I believe most investors will continue to cheer till the end of this year. My formula Most of my followers know that I am a technical investors, select and judging most of my holdings based on technical analysis. I traded mostly the midterm uptrend stocks only. Since I am not a short term investors, therefore I was almost inactive in equities market for the past two years due to the bear market and nothing much to trade. However, this year everything turns better with trend reversal or even new high breakout

Congrats for surviving the FOMC week! Thanks to Tiger for awarding the weekly top predictions of QQQ again. August, the month for stocks to underperform according to seasonality is here. Managed to take 5 trades with about 68% gain on Friday from the strong rebound from Thursday's sell offs. Stay tuned to trade a new month next week with new opportunities! 🤩 Latest Economic Data: In June 2023, personal spending experienced a growth of 0.5%, surpassing market expectations of a 0.4% expansion. This increase also marked an acceleration from the revised 0.2% rise observed in the previous month. In June 2023, the core PCE price index, considered the Federal Reserve’s preferred gauge for measuring inflation, fell from 4.8% to 4.1%. This rate was the lowest since September 2021 a