To The Moon

In my Mon, 10 July post - Which Company Q2 Earning Will Save US Market? I mentioned that US market performance (this week), would be driven largely by Q2 earnings reports released progressively. Market closed marginally higher (see below), as there wasn’t any “popular” company reporting their earnings yesterday. DJIA : +0.62% (+209.52 to 33,944.40). Best performing index of the day. S&P 500: +0.24% (+10.58 to 4,409.53). Nasdaq: +0.18% (+24.76 to 13,685.48). Will it remain status quo on Tue, 11 July since there are no major Market Cap companies reporting earnings today either? If we look at the composite indexes’ Moving Averages (m

1. $Novavax(NVAX)$ +29.46% on $350 mln payment news Novavax, a biotech company based in Maryland, experienced a significant increase in its stock price after announcing that Canada agreed to pay $350 million for forfeited Covid vaccine doses.The payment is part of an amended purchase agreement between Novavax and the Canadian government, providing hope for investors and boosting confidence in the company's future.The settlement stems from an agreement established in January 2021 between Novavax and the Canadian government. In a filing with the Securities and Exchange Commission, Novavax stated that Canada will make the payment in two equal installments in 2023.This settlement and payment from Canada serve as an encouraging development for Nov

Big tech collectively closed down yesterday due to the “special rebalancing“ while small cap $iShares Russell 2000 ETF(IWM)$ shows strength.1. Special rebalancing in $NASDAQ 100(NDX)$ to reduce big tech’s weight to 38.5%The $NASDAQ 100(NDX)$ is preparing to adjust the weightings of its 100 components, particularly focusing on the "magnificent seven" stocks: $Microsoft(MSFT)$ , $Apple(AAPL)$ , $NVIDIA Corp(NVDA)$ , $Tesla Motors(TSLA)$ , $Alphabet(GOOG)$,