To The Moon

Last week, U.S. stocks were attacked by multiple negative news and experienced a significant decline. Counting from the top, there has been a three-game weekly losing streak. Although there have been two times of adjustments in the market before, the turn of trading logic seems to be different this time.From a fundamental point of view, after the latest non-farm data, everyone is no longer concerned about when the Federal Reserve will cut interest rates, but beginning to worry about the U.S. recession with the reference of some forward-looking indicators. On the other hand, the Bank of Japan's rate hike actions are also regarded as an important signal. Coupled with the plunge triggered by Intel's earnings report, it does not look very good. However, a careful comparison shows that among th

On Monday, August 5, the S&P 500 index fell by 3.3%, marking its largest single-day decline since September 2022. The Nasdaq 100 index dropped by 3%, resulting in a market value loss of $907 billion. Apple (AAPL) fell by 4.82%, experiencing its worst single-day performance since September 2022, closing at $209.27. Nvidia declined by 6.36%, Google A dropped by 4.45%, Tesla fell by 4.23%, Amazon decreased by 4.1%, Microsoft was down 3.27%, and Meta dropped 2.54%. Additionally, Eli Lilly fell by 3.63%, Berkshire Hathaway Class B shares declined by 3.42%, TSMC ADR dropped by 1.27%, while AMD increased by 1.75%.

$NVIDIA Corp(NVDA)$ Didn't wanna bet against Jensen, but it was there for the taking....took profit and buying puts elsewhere

not into other stocks now, keeping it to familiar stocks like $Adobe(ADBE)$ $Amazon.com(AMZN)$ $Microsoft(MSFT)$ $McDonald's(MCD)$ @LMSunshine @rL @koolgal @Shyon @Aqa @TigerGPT @SPACE ROCKET

I opened $BABA 20240830 85.0 CALL$ ,BABA: collect 1.1% premium on covered call with strike at $85 which is 9% higher than current market price. Expiry in 24 days by 30th Aug. Earnings on 15th Aug but I didn’t expect much from it so decided to earn some premium instead.

$Dow Jones(.DJI)$ When they say Sell In May & Go Away, they did not mention when we should make a come back. I would think not likely anytime before September, remember the September Effect, where the market tend to be weaken in the month of September. Right now we are the first Monday of August, In the past 36 years, August has actually been the worst month for the Dow Jones and the second-worst month for the S&P 500 and the Nasdaq. Today bloodshed earlier , with the Nikkei 225 plunging 12% and biggest single day decline since 1987 crash. News feeds about the massive sell-off before the US market opening soon should flood your mobile’s notification right now and perhaps adding to your anxiety. But it's important that we shoul