To The Moon

Thanks again to Tiger for awarding the weekly top predictions for SPY & QQQ. We’ve witnessed an incredible 7 green days out of 8 trading days since November. The best thing is that Monday greens, not blues is back again 😂 TGIF chasing away Monday blues? 🥳 The S&P 500 on Friday advanced 1.31% for the week to close at 4,415.24 points, posting gains in four out of five sessions. Its accompanying ETF: SPY added 1.36% and Nasdaq Composite jumps 2.4% for the week. The central bank chief's hawkish remarks at a conference hosted by the International Monetary Fund on Thursday weighed on sentiment enough to see the S&P 500 (SP500) snap an eight-day win streak, its longest such run since November 2021. However, markets bounced back strongly on Friday as traders largely appeared to brush off Powell's comments. "With ~90% of companies having reported thus far, earnings have held up better than expected heading into the reporting season. 75% of S&P 500 companies that have reported beat earnings estimates (vs 68% average over the last 4 quarters); however, only 57% are beating revenue estimates (vs 66% average over the last 4 quarters). Earnings growth y/y stands at 3.3% (9.4% ex-Energy), while sales growth stands at 1.3% (3.8% ex-Energy)," JPMorgan's Daniel Motoc said. Be greedy and less fearful 😉 Turning to the weekly performance of the S&P 500 (SP500) sectors, six of the 11 ended in the green, led by an outsized jump of nearly 5% in Technology. Energy, Utilities and Real Estate were the top three losers. See below a breakdown of the performance of the sectors as well as their accompanying SPDR Select Sector ETFs from November 3 close to November 10 close: Choose your poison 🍷 #1: Information Technology +4.76%, and the Technology Select Sector SPDR ETF (XLK) +4.52%. #2: Communication Services +2.21%, and the Communication Services Select Sector SPDR Fund (XLC) +1.35%. #3: Consumer Discretionary +0.92%, and the Consumer Discretionary Select Sector SPDR ETF (XLY) +0.74%. #4: Industrials +0.85%, and the Industrial Select Sector SPDR ETF (XLI) +0.94%. #5: Financials +0.28%, and the Financial Select Sector SPDR ETF (XLF) +0.38%. #6: Consumer Staples +0.22%, and the Consumer Staples Select Sector SPDR ETF (XLP) +0.31%. #7: Health Care -0.96%, and the Health Care Select Sector SPDR ETF (XLV) -0.89%. #8: Materials -1.83%, and the Materials Select Sector SPDR ETF (XLB) -1.81%. #9: Real Estate -2.13%, and the Real Estate Select Sector SPDR ETF (XLRE) -2.05%. #10: Utilities -2.60%, and the Utilities Select Sector SPDR ETF (XLU) -2.49%. #11: Energy -3.82%, and the Energy Select Sector SPDR ETF (XLE) -3.77%. Weekly options trade summary Please click Like 👍, Comment 💬 & Repost 🔄 this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits!