To The Moon

Hi everyone. Today I’ll be updating my TA on an enterprise AI software company: C3.ai, Inc. (NYSE: AI) AI’s weekly chart is interesting - notice how it is trading in a bull pennant (in green) with lower highs and higher lows. The prior 2 lower highs had significantly higher volume than the latest retest several weeks ago, which was on very low volume. It is thus likely that we might be seeing a pennant breakout in the coming weeks. Notice how RSI is also making higher highs with price, and the Stochastic closing the previous week with a bullish crossover. On the daily chart, we can see AI coming up from extreme oversold lows on the Stochastic. RSI has also formed a “W” pattern (one small one and one large one), which usually precedes a larger move. I am looking long on AI until it reaches

$Tiger Brokers(TIGR)$ Hold on my portfolio unti the next US President election result.

$Tiger Brokers(TIGR)$  The problem with averaging into losing trades is twofold: 1. You can have a high win rate, which tends to give you false confidence. 2. It only takes one bad trade to wipe out everything. Walk away from losing trades. Get back in if the setup becomes favorable again. Instead of hoping for the price to recover, you should fear that it could move further against you. I'm bringing this up now because I am watching "finfluencers" do this in real time. If they get bailed out of a position, they will say, "See, look at me, I knew it." The reality is, it's not a winning strategy and never will be, simply because it takes one bad trade to wreck it all.

$Tiger Brokers(TIGR)$ The S&P 500 has resumed its march higher as strong first quarter earnings numbers have helped ease investor fears about inflation and a potentially delayed Federal Reserve pivot to interest rate cuts. In May, the S&P 500 gained 4.2% despite concerns over slowing economic growth, weakening U.S. consumer sentiment and the possibility of stagflation ahead. The S&P 500 is up 10% year-to-date as investors have shrugged off mixed economic data and now anticipate lower inflation, earnings growth acceleration and interest rate cuts in the second half of 2024. Investors are hoping the market can continue its bullish momentum in June as the S&P 500 enters a three-month stretch that has historically been one of the best

$Tiger Brokers(TIGR)$ The first half of 2024 has indeed been remarkable with the soaring U.S. and Hong Kong stock markets, offering a great opportunity to reflect on the progress of our annual goals. As we move into the second half of the year, it's crucial to assess whether we should continue with our current plans or make necessary adjustments.Regarding investing goals, reviewing portfolio performance and market trends is essential. With the positive momentum seen in the stock markets, this might be an excellent time to reassess asset allocations, potentially diversifying into sectors that have shown resilience and growth potential.Beyond investing, it's equally important to focus on personal development goals. For example, in terms of reading,

The stock market logged a gangbusters first half of the year. Can it last?The S&P 500 index gained a whopping 14.5% to close the first six months of 2024. The Dow Jones Industrial Average rose 3.8% and the Nasdaq Composite climbed 18.1%.Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Nvidia (NVDA), the leader of the pack, has pulled even further ahead. Shares of the chipmaker jumped 149% this year. Its valuation topped $3 trillion for the first time in June, when Nvidia was briefly the world’s largest public company.Now, investors expect the Fed will cut rates up to three times in 2024, according to the CME FedWatch Tool, though the central bank has only penciled in one.July is historically a great month for U

Last week, disappointing domestic data fueled speculation of a potential Fed rate cut this year to curb further economic slowdown. Conference Board’s headline consumer confidence index fell to 100.4 in June (vs downwardly revised 101.3 prior), mainly driven by weakening expectations of future income and business conditions. While initial jobless claims fell slightly to 233k for week ending 22nd June (vs upwardly revised 239k prior), continuing jobless claims rose to 1.84m for week ending 15th June, possibly exacerbating unemployment, thereby indicating a looser labor market. Furthermore, US core capital goods order, an indicator for investment in equipment excluding aircraft and military hardware, experienced the largest drop YTD in May. Core capital goods shipments, an indicator for equip

Overview: Global markets kicked off July with positive momentum, marking an encouraging start to the second half of the year. Major indices in the US, Europe, and Asia registered gains, signaling investor optimism amid mixed economic data and political developments. US Markets: Nasdaq Leads the Charge US markets closed higher, fueled by a record close in the Nasdaq Composite. The Dow Jones Industrial Average $DJIA(.DJI)$   inched up by 50.66 points to 39,169.52 (+0.1%), the S&P 500 $S&P 500(.SPX)$   added 14.61 points to 5,475.09 (+0.2%), and the Nasdaq Composite $NASDAQ(.IXIC)$  surged by 0.8% to 17,879. The upwar

The first half of the year has been promising for my investment strategy, despite a significant drop in semiconductor stocks on the last day of trading. This setback slightly dampened overall gains.  For H2, my focus on long positions will be in the semiconductor and tech stocks, especially in $NVIDIA Corp(NVDA)$ , $SUPER MICRO COMPUTER INC(SMCI)$ , $Apple(AAPL)$   I've significantly reduced my investments in Bitcoin-related stocks: $Coinbase Global, Inc.(COIN)$  and $MicroStrategy(MSTR)$ . I plan to wait for the p

Recent market moves have raised concerns that hedge funds are selling and shorting stocks at the fastest pace in nearly two years. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Market Behavior AnalysisNet selling surgesLast week's net hedge fund selling reached its highest level since March last yearShort-selling volume surges to peak since May 2022Shifting industry preferencesTech Stocks: a Major Selling Target $Technology Select Sector SPDR Fund(XLK)$ Financials: attracting heavy buying demand $Financial Select Sector SPDR Fund(XLF)$ Characteristics of the transaction modelLong and short operations coexistOverall

Overview: Oil prices are experiencing an upward trajectory as we enter the second half of 2024, bolstered by forecasts of a supply deficit due to peak summer fuel consumption and extended OPEC+ production cuts. Despite global economic headwinds and increased non-OPEC+ output capping some gains, both Brent and WTI crude have shown notable resilience, positioning themselves for further potential increases. Supply Deficits and OPEC+ Cuts Drive Prices Higher: As of Monday, Brent crude futures rose by 0.6%, reaching $85.53 per barrel, while U.S. West Texas Intermediate (WTI) crude futures increased to $82.05 per barrel. Both benchmarks have sustained approximately a 6% gain in June, with Brent maintaining levels above $85 per barrel for the past two weeks. This bullish trend is largely attribut

Last Week's Recap1. The US Market - The $NASDAQ(.IXIC)$ climbed 18% in 24H1U.S. stocks wrapped up a strong first half of 2024, with the S&P 500 scoring a double-digit gain while the Nasdaq logging more than 18%. The two averages hit new all-time intraday highs earlier Friday before pulling back.Global capital markets mostly rallied in the first half of 2024. Bitcoin soared 43% while gold future jumped nearly 13%.Inflation in May slowed to its lowest annual rate in more than three years, the Commerce Department reported on Friday. The core PCE index, which excludes the more volatile food and energy prices, rose just 0.1% last month and 2.6% from the prior year. Both estimates were in line with the Dow Jones consensus estimates.U.S. banking gia

$STMicroelectronics NV(STM)$ STMicroelectronics Makes Major SiC Push with World's First Fully Integrated Facility - Bullish on the Future STMicroelectronics (STM) recently announced a major step in its Silicon Carbide (SiC) strategy with the construction of the world's first fully integrated silicon carbide facility, the Silicon Carbide Campus, in Catania, Italy. This marks a significant development for STM and positions them as a potential leader in the SiC technology space. The Silicon Carbide Campus will encompass the entire production flow, from raw materials to finished products, making it a truly integrated manufacturing site. This level of integration is expected to contribute significantly to STM's leadership in SiC technology for various a

$Tiger Brokers(TIGR)$ The tech stocks And AI are still the crown jewela I believe the second half will still be on the same theme. So far still sticking to these and returns are still good. interest rates cut looks to be in the way but fed are being cautious to do it so soon but it has to go down. 

Hi everyone. In this newsletter, I’ll be updating my TA on a company that Jensen Huang loves and appreciates: Dell Technologies Inc. (NYSE: DELL) In my previous newsletter, I talked about the 129.27 level. Bullish divergence formed around the 78.6% Fib retracement on the lower timeframes, which was followed by a strong move towards the 38.2% Fib retracement at 158.29. A lower high was formed, and now we can see a triangle pattern forming. On the 4h chart, we can see clear signs of basing for another move higher. In the short-term, I am expecting a move higher towards 149.82 before a breakout and a move towards the 165.11 level to fill the entirety of the bearish gap. Ultimately, I am still expecting DELL to go back towards 173.62 and fill that imbalance. In my previous newsletter, I initia

Hi everyone. As we end the month and the first half of the year, I figured that I would give an update on the most-watched ETF: SPDR S&P 500 ETF Trust (ARCA: SPY) SPY continues to trade in an ascending broadening wedge pattern with higher highs and higher lows. RSI is following suit, with higher highs and higher lows. Some bearish divergence has showed up at the highs as SPY prints an “M” shape at 550. The “M” shape is usually indicative of consolidation or a local top, as it did in March earlier this year. This means participants should be wary of the possibility of a pullback. In the near-term, SPY in the middle of the Feb’23 resistance trendline (in orange) and the Jan’24 support trendline (in pink) in what can be seen as a short-term ascending channel. I’ll be looking for either a

$Tiger Brokers(TIGR)$ Trade option to get steady income 

$Tiger Brokers(TIGR)$ Learn more option strategies at Tiger academy and trade!

Planning the Next Half of the Year Around AI-Themed Stocks The rapid advancement of artificial intelligence (AI) technologies has had a profound impact on various industries, reshaping business models and creating new opportunities for investors. As we move into the next half of the year, planning an investment strategy around AI-themed stocks can be a lucrative endeavor. Here’s how to approach it effectively: 1. **Understanding the AI Landscape** AI encompasses a wide range of technologies, including machine learning, natural language processing, robotics, and computer vision. It's important to recognize that AI's influence extends beyond tech companies. Industries such as healthcare, finance, automotive, and manufacturing are increasingly integrating AI solutions to enhance efficiency, r

Overview: The U.S. stock market concluded June with gains across all three major indices. The Nasdaq Composite $NASDAQ(.IXIC)$   and the S&P 500 $S&P 500(.SPX)$   rose by 6.0% and 3.5%, respectively, while the Dow Jones Industrial Average $DJIA(.DJI)$  increased by 1.1%. The first half of 2024 saw the Nasdaq surge ahead, driven by the artificial intelligence (AI) boom, posting a remarkable 18.1% gain. The S&P 500 followed with a 14.6% increase, whereas the Dow lagged, only rising 3.8%, partly due to an unusual second-quarter pullback

Last Week's Recap1. The US Market - The $NASDAQ(.IXIC)$ climbed 18% in 24H1U.S. stocks wrapped up a strong first half of 2024, with the S&P 500 scoring a double-digit gain while the Nasdaq logging more than 18%. The two averages hit new all-time intraday highs earlier Friday before pulling back.Global capital markets mostly rallied in the first half of 2024. Bitcoin soared 43% while gold future jumped nearly 13%.Inflation in May slowed to its lowest annual rate in more than three years, the Commerce Department reported on Friday. The core PCE index, which excludes the more volatile food and energy prices, rose just 0.1% last month and 2.6% from the prior year. Both estimates were in line with the Dow Jones consensus estimates.U.S. banking gia

Overview: Oil prices are experiencing an upward trajectory as we enter the second half of 2024, bolstered by forecasts of a supply deficit due to peak summer fuel consumption and extended OPEC+ production cuts. Despite global economic headwinds and increased non-OPEC+ output capping some gains, both Brent and WTI crude have shown notable resilience, positioning themselves for further potential increases. Supply Deficits and OPEC+ Cuts Drive Prices Higher: As of Monday, Brent crude futures rose by 0.6%, reaching $85.53 per barrel, while U.S. West Texas Intermediate (WTI) crude futures increased to $82.05 per barrel. Both benchmarks have sustained approximately a 6% gain in June, with Brent maintaining levels above $85 per barrel for the past two weeks. This bullish trend is largely attribut

Planning the Next Half of the Year Around AI-Themed Stocks The rapid advancement of artificial intelligence (AI) technologies has had a profound impact on various industries, reshaping business models and creating new opportunities for investors. As we move into the next half of the year, planning an investment strategy around AI-themed stocks can be a lucrative endeavor. Here’s how to approach it effectively: 1. **Understanding the AI Landscape** AI encompasses a wide range of technologies, including machine learning, natural language processing, robotics, and computer vision. It's important to recognize that AI's influence extends beyond tech companies. Industries such as healthcare, finance, automotive, and manufacturing are increasingly integrating AI solutions to enhance efficiency, r

Last week, disappointing domestic data fueled speculation of a potential Fed rate cut this year to curb further economic slowdown. Conference Board’s headline consumer confidence index fell to 100.4 in June (vs downwardly revised 101.3 prior), mainly driven by weakening expectations of future income and business conditions. While initial jobless claims fell slightly to 233k for week ending 22nd June (vs upwardly revised 239k prior), continuing jobless claims rose to 1.84m for week ending 15th June, possibly exacerbating unemployment, thereby indicating a looser labor market. Furthermore, US core capital goods order, an indicator for investment in equipment excluding aircraft and military hardware, experienced the largest drop YTD in May. Core capital goods shipments, an indicator for equip

The stock market logged a gangbusters first half of the year. Can it last?The S&P 500 index gained a whopping 14.5% to close the first six months of 2024. The Dow Jones Industrial Average rose 3.8% and the Nasdaq Composite climbed 18.1%.Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Nvidia (NVDA), the leader of the pack, has pulled even further ahead. Shares of the chipmaker jumped 149% this year. Its valuation topped $3 trillion for the first time in June, when Nvidia was briefly the world’s largest public company.Now, investors expect the Fed will cut rates up to three times in 2024, according to the CME FedWatch Tool, though the central bank has only penciled in one.July is historically a great month for U

Hi everyone. As we end the month and the first half of the year, I figured that I would give an update on the most-watched ETF: SPDR S&P 500 ETF Trust (ARCA: SPY) SPY continues to trade in an ascending broadening wedge pattern with higher highs and higher lows. RSI is following suit, with higher highs and higher lows. Some bearish divergence has showed up at the highs as SPY prints an “M” shape at 550. The “M” shape is usually indicative of consolidation or a local top, as it did in March earlier this year. This means participants should be wary of the possibility of a pullback. In the near-term, SPY in the middle of the Feb’23 resistance trendline (in orange) and the Jan’24 support trendline (in pink) in what can be seen as a short-term ascending channel. I’ll be looking for either a

Hi everyone. Today I’ll be updating my TA on an enterprise AI software company: C3.ai, Inc. (NYSE: AI) AI’s weekly chart is interesting - notice how it is trading in a bull pennant (in green) with lower highs and higher lows. The prior 2 lower highs had significantly higher volume than the latest retest several weeks ago, which was on very low volume. It is thus likely that we might be seeing a pennant breakout in the coming weeks. Notice how RSI is also making higher highs with price, and the Stochastic closing the previous week with a bullish crossover. On the daily chart, we can see AI coming up from extreme oversold lows on the Stochastic. RSI has also formed a “W” pattern (one small one and one large one), which usually precedes a larger move. I am looking long on AI until it reaches

My annual goals have hit a few bumps, especially with my investment plans. 😕 However, I remain optimistic about $Coinbase Global, Inc.(COIN)$ turning profitable. 💰 My reading plan is better than I imagined, though I still have 5 books left to tackle. 📚 I hope that through my studies, I can make my investments smoother and more certain. 📈 I've already planned my travels for the second half of the year, and the first half has been enriching with meetups and trips with friends. 🌍 For someone who loves to have fun, serious reading poses a greater challenge. 🤔 But I believe in myself and am determined to achieve my annual goals. 💪✨Happy Tiger’s birthday and also cheers to my youth in the first half of 2024!

$STMicroelectronics NV(STM)$ STMicroelectronics Makes Major SiC Push with World's First Fully Integrated Facility - Bullish on the Future STMicroelectronics (STM) recently announced a major step in its Silicon Carbide (SiC) strategy with the construction of the world's first fully integrated silicon carbide facility, the Silicon Carbide Campus, in Catania, Italy. This marks a significant development for STM and positions them as a potential leader in the SiC technology space. The Silicon Carbide Campus will encompass the entire production flow, from raw materials to finished products, making it a truly integrated manufacturing site. This level of integration is expected to contribute significantly to STM's leadership in SiC technology for various a

Overview: Global markets kicked off July with positive momentum, marking an encouraging start to the second half of the year. Major indices in the US, Europe, and Asia registered gains, signaling investor optimism amid mixed economic data and political developments. US Markets: Nasdaq Leads the Charge US markets closed higher, fueled by a record close in the Nasdaq Composite. The Dow Jones Industrial Average $DJIA(.DJI)$   inched up by 50.66 points to 39,169.52 (+0.1%), the S&P 500 $S&P 500(.SPX)$   added 14.61 points to 5,475.09 (+0.2%), and the Nasdaq Composite $NASDAQ(.IXIC)$  surged by 0.8% to 17,879. The upwar

Overview: The U.S. stock market concluded June with gains across all three major indices. The Nasdaq Composite $NASDAQ(.IXIC)$   and the S&P 500 $S&P 500(.SPX)$   rose by 6.0% and 3.5%, respectively, while the Dow Jones Industrial Average $DJIA(.DJI)$  increased by 1.1%. The first half of 2024 saw the Nasdaq surge ahead, driven by the artificial intelligence (AI) boom, posting a remarkable 18.1% gain. The S&P 500 followed with a 14.6% increase, whereas the Dow lagged, only rising 3.8%, partly due to an unusual second-quarter pullback

$Tiger Brokers(TIGR)$ The first half of 2024 has indeed been remarkable with the soaring U.S. and Hong Kong stock markets, offering a great opportunity to reflect on the progress of our annual goals. As we move into the second half of the year, it's crucial to assess whether we should continue with our current plans or make necessary adjustments.Regarding investing goals, reviewing portfolio performance and market trends is essential. With the positive momentum seen in the stock markets, this might be an excellent time to reassess asset allocations, potentially diversifying into sectors that have shown resilience and growth potential.Beyond investing, it's equally important to focus on personal development goals. For example, in terms of reading,

Hi everyone. In this newsletter, I’ll be updating my TA on a company that Jensen Huang loves and appreciates: Dell Technologies Inc. (NYSE: DELL) In my previous newsletter, I talked about the 129.27 level. Bullish divergence formed around the 78.6% Fib retracement on the lower timeframes, which was followed by a strong move towards the 38.2% Fib retracement at 158.29. A lower high was formed, and now we can see a triangle pattern forming. On the 4h chart, we can see clear signs of basing for another move higher. In the short-term, I am expecting a move higher towards 149.82 before a breakout and a move towards the 165.11 level to fill the entirety of the bearish gap. Ultimately, I am still expecting DELL to go back towards 173.62 and fill that imbalance. In my previous newsletter, I initia

Recent market moves have raised concerns that hedge funds are selling and shorting stocks at the fastest pace in nearly two years. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Market Behavior AnalysisNet selling surgesLast week's net hedge fund selling reached its highest level since March last yearShort-selling volume surges to peak since May 2022Shifting industry preferencesTech Stocks: a Major Selling Target $Technology Select Sector SPDR Fund(XLK)$ Financials: attracting heavy buying demand $Financial Select Sector SPDR Fund(XLF)$ Characteristics of the transaction modelLong and short operations coexistOverall

$Tiger Brokers(TIGR)$ The S&P 500 has resumed its march higher as strong first quarter earnings numbers have helped ease investor fears about inflation and a potentially delayed Federal Reserve pivot to interest rate cuts. In May, the S&P 500 gained 4.2% despite concerns over slowing economic growth, weakening U.S. consumer sentiment and the possibility of stagflation ahead. The S&P 500 is up 10% year-to-date as investors have shrugged off mixed economic data and now anticipate lower inflation, earnings growth acceleration and interest rate cuts in the second half of 2024. Investors are hoping the market can continue its bullish momentum in June as the S&P 500 enters a three-month stretch that has historically been one of the best

Most talked about now would be the topping candles seen on the weekly charts of S&P500 and NASDAQ.  Indeed they usually signify an imminent pullback. The question is to where? Does not look like a super crash at this point in time. Overall charts still quite bullish.  But be prepared for pullbacks akan datang. S&P500/NASDAQ Weekly - 29 June 2024 Cup and Handle has fully played out on NASDAQ. It all matters now what's next and like mentioned previously, it all depends on how market makers have been setup for 2H 2024.  Stay observant. NASDAQ Cup and Handle - 29 June 2024 @melson  @TigerStars  @macroB

$Tiger Brokers(TIGR)$  The problem with averaging into losing trades is twofold: 1. You can have a high win rate, which tends to give you false confidence. 2. It only takes one bad trade to wipe out everything. Walk away from losing trades. Get back in if the setup becomes favorable again. Instead of hoping for the price to recover, you should fear that it could move further against you. I'm bringing this up now because I am watching "finfluencers" do this in real time. If they get bailed out of a position, they will say, "See, look at me, I knew it." The reality is, it's not a winning strategy and never will be, simply because it takes one bad trade to wreck it all.

The first half of the year has been promising for my investment strategy, despite a significant drop in semiconductor stocks on the last day of trading. This setback slightly dampened overall gains.  For H2, my focus on long positions will be in the semiconductor and tech stocks, especially in $NVIDIA Corp(NVDA)$ , $SUPER MICRO COMPUTER INC(SMCI)$ , $Apple(AAPL)$   I've significantly reduced my investments in Bitcoin-related stocks: $Coinbase Global, Inc.(COIN)$  and $MicroStrategy(MSTR)$ . I plan to wait for the p

$Palantir Technologies Inc.(PLTR)$   $PLTR PALANTIR ENDS THE FIRST 6 MONTHS OF 2024 TRADING UP 50%. Big thank you to Alex Karp, Shyam Sankar, and the entire team at Palantir… It’s not a 2021 bull market where anything goes up to go up. You had to be in the right stocks this year. 6 quarters of GAAP profits, 70% US Commercial Customer growth, multiple gov contracts including the FIRST software prime for $189M with TITAN, US commercial revenue growth of 40%+, 1300 bootcamps, hosting 2 entire AIP conferences… Incredible year so far for the company and the fun part is if you are long, you know how early we all truly are in the Palantir journey. LFG.

$S&P 500(.SPX)$  $SPDR S&P 500 ETF Trust(SPY)$   The $SPX Chart EVERYONE has to see! Doesn't take a rocket scientist to draw the Mother of all Trendlines (MOAT). Connects perfectly. Sometime between now to mid July we gap fill 5,375ish, which conveniently lands right at that bottom support line. Notice some RSI divergence too. Also keep in mind that each of the last 4 starts to a new quarter led to a -1.5% drop in the first week. You buy that dip if all of this materializes.