To The Moon

Price action (20 Jan 2024) - Since the low of Oct 2023 due to the weight loss drug news, KO has been steadily recovering - Past 2 weeks had now broken out above MA50 (blue) and stayed above with the back-test! - RSI had also ticked upwards above 50 on the weekly chart - It had also climbed above the key resistance/now support level of 58+/59+ to the upper half of the trading range Bullish - A good bullish mid-long term reference for counters is often on the 50/50 rule on a weekly chart - On a weekly chart, if the price action gets above MA50 on a weekly chart and coupled with a RSI of above 50, it tends to point to a bullish reversal change of trend Bearish - This could still happen if the price action gets below 60 and stay above, meaning below MA50. My plays - Had been nibbling sha

Some other Semiconductors are hiting 52 weeks high: $Advanced Micro Devices(AMD)$ $Taiwan Semiconductor Manufacturing(TSM)$ $NVIDIA Corp(NVDA)$ $Marvell Technology(MRVL)$ .Investing.comTechnically, investing.com still gives strong buys forecasts.Investing.comIs this chipmaker $NVIDIA Corp(NVDA)$ still worth buying at its current price?We're just two weeks into the new year, and $NVIDIA Corp(NVDA)$ stock is already up 15.32%.Demand for Nvidia will surge in 2023,

Market Outlook - 22 Jan 2024 Technical observations of the S&P500 1D chart: The Stochastic indicator is showing an uptrend with a potential top crossover soon. The MACD indicator is on a downtrend and there could be a reversal but the crossover is yet to be completed. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long-term and mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are moving in a fanned-out pattern, thus implying an uptrend. Once, all 3 lines converged, a new downtrend would be confirmed. From the 1D technical indicators above, there are a total of 20 (Buy), 0 (Sell) and 1 (Neutral). Investing recommends the “STRONG BUY” rec

On Thu, 18 Jan 2024 at an event hosted by the Atlanta Business Chronicle, Atlanta Fed president, Raphael Bostic urged policymakers to proceed cautiously toward interest-rate cuts given the potential economic impact of unpredictable events ranging from elections at home to worldwide conflicts. In his prepared remarks, Bostic said that: (see above) “In such an unpredictable environment, it would be unwise to lock in an emphatic approach to monetary policy”. “I believe we should allow events to continue to unfold before beginning the process of normalizing policy.” Following the speech, the CME FedWatch tool on the probability of an early March 2024 rate cut fell further to 53.8% from 61.4%. (see above) And the probability of a status quo in current Fed funds rate rose to 44.8% from 37.0%. (s