17/1:🐂Rally Likely To Continue & 🇺🇸Market-Stocks Overview🕵🏻♀️🕵🏻♂️
13/1 (Fri) ➡️ The VIX dropped 2.55% to 18.35🥳 Whenever the VIX dips below 20, the stock market marks a medium-term top & indicates that the investment crowd is extremely complacent about the current outlook, having little reason to worry❣️The DJIA, S&P 500, & Nasdaq all continued their 🐂 rally as optimism over the global economy, inflation coming under control & 🇨🇳's reopening rose. 🥳 DJIA added 0.33% to close at 34,302.61
🥳🥳 S&P 500 climbed 0.4% to close at 3999.09, at the brink of breaking the 4000 mark
🥳🥳🥳 Nasdaq climbed 0.71% to close at 11,079.61, strengthening further after breaking the 11,000 mark last Friday.
🤔 Futures now imply almost no chance the Fed will raise rates by 50bps in Feb, with a 25bps move seen as a 94% probability
⚠️ Although all seems positive, this new year optimistic 🐂 rally could be tested as 🌎 leaders, policy makers & corporate CEOs gather for the World Economic Forum (WEF) in Davos. According to WEF, two-thirds of private & public sector chief economists surveyed by the Forum expect a global recession in 2023.
🔎Sector-Stock Trend Analysis🔍:
(1) Popular tech stocks all gained 0.2%-2.99%🤗🤗🤗 except PYPL. 📦 $Amazon.com(AMZN)$ Bullish was the biggest gainer, closing at $98.12, inching closer back to the $100 mark, after several sell-off🥳
(2) Popular chip stocks all gained except MCHP & $Taiwan Semiconductor Manufacturing(TSM)$ Bearish that dropped 0.43% & 0.23% respectively, pushing up $Semiconductor Bull 3X Shares(SOXL)$ Bullish by 1.01% to close at $12.95
(3) Popular 🇨🇳 stocks all gained 0.68% to 7.04% with $Pinduoduo Inc.(PDD)$ Bullish being the best performing e-commerce stock to increase by 3.79% to close at $97.
(4) On the EV front, it was an ALL red day except VLVYL that scrapped a 0.15% gain. Among top sellers, XPEV was the biggest loser down by 1.19%, followed by $Tesla Motors(TSLA)$ Bearish dropping 0.94% to close at $122.40.
Fellow 🐯🐯🐯, do watch the Earnings closely to inform your investing decisions as the 🐂 rally can turn 🐻 anytime🤓 Please help to click on the “Like” & “Share/Repost” buttons at the bottom right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️
As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
@TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion
Modify on 2023-01-17 10:41
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