To The Moon

Updated thru yesterday’s close:$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $iShares Russell 2000 ETF(IWM)$ $DJIA(.DJI)$Image$NVIDIA Corp(NVDA)$ , $Meta Platforms, Inc.(META)$ , $Amazon.com(AMZN)$ , $Microsoft(MSFT)$ , $Alphabet(GOOGL)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ImageMerrill Lynch on Q1 strength

Health insurer stocks tanked on Tuesday after US regulators failed to increase payments for Medicare Advantage plans in line with Wall Street estimates. The "surprise" decision impacted major names like Humana ( $Humana(HUM)$ , down 13%) and United Healthcare ( $UnitedHealth(UNH)$ ther companies with exposure to Medicare insurance such as CVS Health ( $CVS Health(CVS)$ , down 8%).⁠

Rate-cut expectations have a different impact on $iShares Russell 2000 ETF(IWM)$ vs $S&P 500(.SPX)$ relative to the US yield. Seems to suggest those exposed to the domestic economy are more affected. via Morgan Stanley

In my view, the recent slump in the major US indices, particularly the 1.7% drop in the Nasdaq fueled by declines in tech giants like Apple, Microsoft, and Tesla, raises questions about the market’s direction. While some may interpret this as a minor pullback, others might see it as the beginning of a broader reversal. Personally, I lean towards a cautious bearish stance given the uncertainty surrounding the central bank’s upcoming remarks and the potential for further market volatility. It’s essential for investors to remain vigilant, reassess their positions, and adopt strategies that align with their risk tolerance amidst these turbulent market conditions.

Time to keep buying! But beware of correction even though it's a bull!!

The S&P 500 ticked lower on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data. The broad S&P 500 and technology-heavy Nasdaq Composite  each slipped 0.1%. The Dow Jones Industrial Average  last gained lost 12 points, flickering around flat. Information technology stock Super Micro Computer  dropped more than 3%, while chipmaker Nvidia  swung between gains and losses in another day of choppy trading. Both moves come as investors question if stocks tied to artificial intelligence have more room to run after monster rallies. Meta  also struggled, with the Facebook parent tumbling more than 3%. Outside of tech, pharmaceutical stock Eli Lilly  dropped more than 4%. Those

This market rally has been led by NVIDIA.... to know if this is a pullback or start of a reversal one needs to look at the technicals of this stock.  On Friday, NVIDIA's price action showed a reversal engulfing candle, the sign of price reversal. But there has been a few pullbacks before in this rally... why is this time is different ?  The difference is the volume. On Friday, the reversal engulfing candle is enforced by huge volume... 106 million shares transacted, the highest volume in more than a year.  That means it is not manipulated by a small group but a widespread action. If NVIDIA let the market up, it may be the one to lead the market down.... the start of a market reversal... watch the market closely over the next few weeks, especially NVIDIA.

8 mar, Fri - ended the week in red & lower than last Fri. call me optimistic, I think it's a small pull back. next week will pounce up like a cat trying to catch a bird

Reversal la

I'm in Alert mode for NASDAQ as it's approaching a significant resistance from monthly chart, hence inclined towards a correction 📉 . Hence, could review individual watchlists to monitor for potential buying in dips if you miss the earlier run [Facepalm]. I missed the Nasdaq run but caught the Dow and Spx run to make some small 🦐 profits [Miser] [Miser]

The S&P 500 has not undergone a correction of more than 2% since reaching its October low last year. This pattern suggests that investors may have succumbed to Fear of Missing Out (FOMO) and engaged in panic buying, particularly due to optimism regarding artificial intelligence (AI). It is anticipated that investors’ concerns and unease may only arise if a correction exceeding 2% occurs within the current year.

Given the significant surge for the past few months, a pullback like this is nothing as compared to the total rise percentage. alAt this moment, I would only consider this as a small pullback, the reversal for the whole market will only be considered if the index is being pullbacked from peak for more than 10%, especially in a panic way within few days. Otherwise, so far so good currently [Miser] [Miser] [Miser] [Happy] [Happy] [Happy] How do you think?

Oops..rebound already

hopefully just a small dip and not a reversal...

It's just a correction guys!

All Three major indexes of the U.S. stock market rise today. They all rally on Powell’s rate-cut comment at the Capitol Hill. 🎉🎉🎉🚀🚀🚀

All three major indexes rise today. They rally on Powell’s rate-cut comment at tge Capitol Hill. 🚀🚀🚀

today is better, more green... hopefully, the green will stay for long... remaining hopeful... [Grin] [Grin] [Grin] @Universe宇宙 @Shyon @Aqa @LMSunshine @koolgal @GoodLife99 @rL @HelenJanet @DiAngel this only a small pullback, or the start of a reversal for the whole market? 🎁Prizes 🐯 All valid

$S&P 500(.SPX)$  yesterday was bearish, today performing better... Remain hopeful...[Grin]  [Grin]  [Grin]  

Updated thru yesterday’s close:$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $iShares Russell 2000 ETF(IWM)$ $DJIA(.DJI)$Image$NVIDIA Corp(NVDA)$ , $Meta Platforms, Inc.(META)$ , $Amazon.com(AMZN)$ , $Microsoft(MSFT)$ , $Alphabet(GOOGL)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ImageMerrill Lynch on Q1 strength

Major United States indices ended on Tuesday (Mar 5) in a slump, as key tech names lost ground and traders looked ahead to remarks by the central bank chair later in the week. The tech-heavy $NASDAQ(.IXIC)$ lost 1.7%, it has gone 303 trading sessions without a pullback of 2.5% or more, the third-longest stretch since 1990.Is this only a small pullback, or the start of a reversal for the whole market?Below are some insights from Tiger @ZEROHERO, @Mrzorro and @Shyon. Which opinions do you agree with？🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 T

$NASDAQ(.IXIC)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $Invesco QQQ Trust-ETF(QQQ)$ $NASDAQ 100(NDX)$ On a long-term strategy perspective, the current trend zone is identified as an uptrend, and a buy-and-hold strategy is recommended. The uptrend zone is divided into an 'Uptrend' and a 'Correction Trend'. Within the uptrend, there is a strong upward momentum with occasional downward movements. Additionally, while the short-term outlook suggests ongoing upward movement, a correction trend is anticipated to commence soon, prompting specified buying and selling

In my view, the recent slump in the major US indices, particularly the 1.7% drop in the Nasdaq fueled by declines in tech giants like Apple, Microsoft, and Tesla, raises questions about the market’s direction. While some may interpret this as a minor pullback, others might see it as the beginning of a broader reversal. Personally, I lean towards a cautious bearish stance given the uncertainty surrounding the central bank’s upcoming remarks and the potential for further market volatility. It’s essential for investors to remain vigilant, reassess their positions, and adopt strategies that align with their risk tolerance amidst these turbulent market conditions.

$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$ The reversal is coming! Wait in the market![Miser][Miser][Miser]How long do we stay below 5400 - SP500? is the real question. Are we going to see a sideways range through the fall? Do we get a rip roaring 10-15% correction and "L" or even better "V" recovery? The path does not matter as much but here is my commentary anyway. I think that we see a temporary high in early April as we power through the rest of Q1 earnings then take a breath.12% correction? -> 480 looks like a good support? over a couple months? May usually sucks, do we see a bottom in May with the "sell in May and go away" crowd? But I cant imagine much of a stay there with a gap d

I opened $SPY VERTICAL 240328 PUT 510.0/PUT 500.0$  ,It’s a new month and stochastic is in the oversold region for both weekly and daily chart. Is it about time for buyers to take a rest and sellers entering the market? Looking at the 4hour chart, it seems like there is a long wick bearish candlestick formed. Therefore, I decided to open this trade in view of price moving down in the month of Mar.

Market Pullback: Bounce or Break? Analyzing Key Support & Indicators Price retraced as overbought technicals and price action signaled. $S&P 500(.SPX)$ : Found support at the 10 day moving average. Shorter timeframes show a bullish candle at the close, offering some hope. See 4H circled. However, the daily oscillator suggests its downward move is just starting, aligning with the recent bearish crossover. $NASDAQ(.IXIC)$ : Found support at the 20DMA, will this hold again? Oscillators suggest otherwise, given the bearish crossover. Positive factor is the low volume suggesting a lack of conviction in the current price action. $Tesla Motors(TSLA)$ : Bearish

Health insurer stocks tanked on Tuesday after US regulators failed to increase payments for Medicare Advantage plans in line with Wall Street estimates. The "surprise" decision impacted major names like Humana ( $Humana(HUM)$ , down 13%) and United Healthcare ( $UnitedHealth(UNH)$ ther companies with exposure to Medicare insurance such as CVS Health ( $CVS Health(CVS)$ , down 8%).⁠

Rate-cut expectations have a different impact on $iShares Russell 2000 ETF(IWM)$ vs $S&P 500(.SPX)$ relative to the US yield. Seems to suggest those exposed to the domestic economy are more affected. via Morgan Stanley

The S&P 500 ticked lower on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data. The broad S&P 500 and technology-heavy Nasdaq Composite  each slipped 0.1%. The Dow Jones Industrial Average  last gained lost 12 points, flickering around flat. Information technology stock Super Micro Computer  dropped more than 3%, while chipmaker Nvidia  swung between gains and losses in another day of choppy trading. Both moves come as investors question if stocks tied to artificial intelligence have more room to run after monster rallies. Meta  also struggled, with the Facebook parent tumbling more than 3%. Outside of tech, pharmaceutical stock Eli Lilly  dropped more than 4%. Those

This market rally has been led by NVIDIA.... to know if this is a pullback or start of a reversal one needs to look at the technicals of this stock.  On Friday, NVIDIA's price action showed a reversal engulfing candle, the sign of price reversal. But there has been a few pullbacks before in this rally... why is this time is different ?  The difference is the volume. On Friday, the reversal engulfing candle is enforced by huge volume... 106 million shares transacted, the highest volume in more than a year.  That means it is not manipulated by a small group but a widespread action. If NVIDIA let the market up, it may be the one to lead the market down.... the start of a market reversal... watch the market closely over the next few weeks, especially NVIDIA.

$Invesco QQQ Trust-ETF(QQQ)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $NASDAQ(.IXIC)$ $SPDR S&P 500 ETF Trust(SPY)$ The Downside risk is enormous. The slump indicated the potential risk.[Cry][Cry][Cry]Now it requires $1 trillion of new debt every 100 days to achieve nothing but remaining static economically. The regime media pundits and the cabal on Wall Street tell us the economy is doing great. No recession in sight. All is well...... The dumbed down and distracted ignorant masses don’t realize all the reported “economic growth” is “created” by the government, enabled by The Fed, spending bi

$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$ derisking before Jerome Powell (JPOW) testifies in front of congress on Wed and Thurs then this: Mar 6: ADP Employment & Job Openings Mar 8: Nonfarm payrolls & unemployment rate Mar 12: CPI Mar 14: PPI Mar 20: DDAY also known as FOMC Here take a look at seasonality ImageThis is what is possible in March 2024: And this is an election year.. (Make sure you read these charts)Image

Given the significant surge for the past few months, a pullback like this is nothing as compared to the total rise percentage. alAt this moment, I would only consider this as a small pullback, the reversal for the whole market will only be considered if the index is being pullbacked from peak for more than 10%, especially in a panic way within few days. Otherwise, so far so good currently [Miser] [Miser] [Miser] [Happy] [Happy] [Happy] How do you think?

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust-ETF(QQQ)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ Fear is taking over from greed now, we're literally in the middle of that transformation currently.  More people want out than in this market at these levels.  The futures will be good and red by mornin' I'm thinking, and if not then any morning rebound will be met with the giant sellingSchlongRight in the mouth.  This hype show party has ended. Take care. We may see a much harsher pullback in the near future....[LOL][LOL][LOL]

Stay Bull above $SPDR S&P 500 ETF Trust(SPY)$ 507, if SPY breaks down below 507 the next levels of support are at 501 and 497. $Invesco QQQ Trust-ETF(QQQ)$ is headed towards a gap fill at 425. Nothing moves in a straight line. We are still in a strong Bull trend, even 5-15% pullbacks are perfectly normal, healthy and to be expected within a Bull trend.I firmly believe the start of reversal is around the corner.[Sly][Sly][Sly]

The $Invesco QQQ Trust-ETF(QQQ)$  has all kinds of short term support in this area but the macd is pointing down again on the full daily.While a bounce is possible, the top was probably put in yesterday and lower these will ultimately go.[Happy][Happy]Under the circumstance, the downward risk is so high and may happen within half years. We will see a much harsher pullback for sure![Speechless][Speechless] $SPDR S&P 500 ETF Trust(SPY)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $NASDAQ(.IXIC)$

Not doing options & US stocks at the moments. I m focusing on my SG dividend stocks. Yesterday i was so closed in securing 2 SG counters. [Sad][Cry] Just when i want to add more $UNITED OVERSEAS BANK LIMITED(U11.SI)$ using my SRS fund, i realised i might run into some issue when i reach my retirement age, transfer to CDP and my 10 years 50% tax withdrawal. Now i m waiting for the bank to get back to me with more clear indication before i go UOB hunting again with SRS fund.

The S&P 500 has not undergone a correction of more than 2% since reaching its October low last year. This pattern suggests that investors may have succumbed to Fear of Missing Out (FOMO) and engaged in panic buying, particularly due to optimism regarding artificial intelligence (AI). It is anticipated that investors’ concerns and unease may only arise if a correction exceeding 2% occurs within the current year.

today is better, more green... hopefully, the green will stay for long... remaining hopeful... [Grin] [Grin] [Grin] @Universe宇宙 @Shyon @Aqa @LMSunshine @koolgal @GoodLife99 @rL @HelenJanet @DiAngel this only a small pullback, or the start of a reversal for the whole market? 🎁Prizes 🐯 All valid