Market Outlook of S&P500 - 16Dec24 Observations: The MACD indicator is showing a downtrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. Both MA50 and MA200 lines are below the last candle. Thus, it could be read as bullish for both the mid and the long-term. The 3 Exponential Moving Averages (EMA) lines are on an uptrend but are looking to converge (implying a potential change in trend). Chaikin’s Monetary flow (CMF) shows an uptrend. However, there seems to be more selling momentum than buying. This can lead to a potential trend change. The 20 indicators are pointing to a “Strong Buy” rating for the S&P500 (for Daily interval). 16 indicators recommend a “Buy” and 4 recommend a “Sell” rating. From the candlestick pattern, the latest seems to point

$SoFi Technologies Inc.(SOFI)$  On the basis of this mass outflow will you buy or sell the stock?

$SOFI 20240913 7.5 PUT$  Like a witch's finger scratching the chalkboard ☕️🏦😜

Earnings Calendar (15Jul24) Q3/2024 starts and a few earnings are coming in the coming week. There are a few earnings of interest: Goldman Sachs, BlackRock, Bank of America, ASML, United, TSMC, Nokia, Netflix, Intuitive Surgical and American Express. Let us look at BlackRock in detail. Observations: Revenue grew from $11.08B (2014) to $17.8B (2023) Operating Profit grew from $4.52B (2014) to $6.33B (2023) EPS grew from $19.17 (2014) to $36.51 (2023). The year with the best EPS is $38.22 (2021). Dividend per share grew from $7.72 (2014) to $20.00 (2023). Here is some recent news about BlackRock, listing their recent acquisition. At the same time, BlackRock is also in the Bitcoin sector, which has great potential. For the coming earnings, the forecast is $10.04 and $4.85B for EPS and Revenue

We have just seen Gold prices rise to all time highs, and continue to make ATH over the past few days. Very exciting to see gold breakout above US$2150 and hoping that this can be well sustained by the significant increase in demand from central banks since 2022. Presumably the key underpinning to the demand is that the position of gold in foreign exchange reserves has always been relatively small but perhaps more importantly it is a perceived need to have greater diversification away from USD in for exchange reserves. In any case when central bankers buy they are probably the least price sensitive kind of customer. Whilst Geo political tensions is a driver but realistically there is nothing new in this aspect. In the days and months ahead I expect the price of gold to continue climbi

$HSBC GIF RMB FIXED INCOME "AM2" (USD) INC(LU1560771435.USD)$  

Well nice indepth analysis

Happy New Year 🎊