To The Moon

In a “surprise” turn of event, both S&P 500 and Nasdaq ended Thu, 22 June’s trading in “positive” territory. When Market Called It A Day: DJIA: -0.01% (-4.81 to 33,946.71). S&P 500: +0.37% (+16.20 to 4,381.89). Nasdaq: +0.95% (+128.41 to 13,630.61). There wasn’t anything “new” particularly that Mr Powell has touched on in his meeting with US Senate Banking Committee. Still tolling the same execution line to the tune of: More interest rate increases are likely, to bring down inflation. A holistic review of capital requirements for US bigger banks. There was more discussion on this subject as a result of questions from the Committee. FedWatch - CME tool After Mr Powell’s speech, the latest FedWatch CME tool hints “very strongly” that a July 2023 interest hike of +0.25% is coming in a

The $S&P 500(.SPX)$ ended a five-week streak of straight gains after a mixed trading day on Friday closing down 0.8%. It's been a tough week with a 1.4% drop for the week as a whole, marking its worst weekly performance since early March. The $NASDAQ(.IXIC)$ and the $DJIA(.DJI)$ also had their worst weeks since March. The Nasdaq had seen eight straight weeks of gains. $Tesla Motors(TSLA)$ $Apple(AAPL)$ Most Active Stocks MAIN EVENTS BOE-Powell Testimony This week, the world's central bankers continued to take a tougher stance, with particularly rapid rate hikes. The poor i

I stumbled upon this attention-grabbing post in the process of clearing my mail-inbox. Housekeeping beckons! Intrigued by the clickbait subject, I dropped what I was doing momentarily, devour the post and satisfy my curiosity of course. Thankfully it was a short read. It is not a clickbait news article. On the fateful Mon, 05 Jun 2023, $Apple(AAPL)$ finally launched its “highly anticipated” mixed reality head-mounted headset to the world at its annual WWDC event. Aptly named “Vision Pro” it retails for a whopping $3500, with maiden shipment slated for early 2024 delivery. Undoubtedly, it is expensive. For die-hard fans, they will get their hands on it by hook or by crook. See below for the sleek de

Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano

This is the sixth part of a series which will show how we can use candlestick to identify bullish signal. You can refer to the previous parts here: Part 1/11 - How to use [Hammer Candlestick Chart] to identify Bull market Part 2/11 - How to use [Inverse Hammer Candlestick Chart] to identify Bull market Part 3/11 - How to use [Bullish Engulfing Candlestick Chart] to identify Bull market Part 4/11 - How to use [Piercing line Pattern Chart] to identify Bull market