To The Moon

US stocks retreated on the first trading day of 2024. Actually, the stocks rally already stalled on Fri, 29 Dec 2023, after 2 months of gains that helped the major gauges end 2023 with strong yearly gains. On Tue, 02 Jan 2023, Wall Street continued with a downbeat start. Boo hoo hoo! By the time market closed on first trading day: DJIA: +0.07% (+25.50 to 37,715.04). S&P 500: -0.57% (-27.00 to 4,742.83). Nasdaq: -1.63% (-245.41 to 14,765.94). Looking at the Composite indexes’ moving average, they are still “healthy”: (see below) Catalysts for first week. This week, official Jobs Reports will be the catalyst affecting US market performance. Below will be the expected labour reports: 03 Jan 2024 - Wed. ADP Employment Report (private sector employment change) Jobs Opening and Labour Turnov

🌟🌟🌟Stocks fell today in the US largely due to a drop in Big Tech Stocks. VIX, the Fear index jumped 7%, rising off its lowest level since January 2020. The Dow Jones Index is down 0.8%, S&P 500 is also down 1.2%. Tech heavy Nasdaq 100 Index is down 1.6%. All 3 indexes registered their worst day since August 24, 2023. Information Technology was the worst performing sector in the S&P500, down nearly 2%. Adobe shares fell more than 4% even after it posted better than expected results. AI Stocks also slumped - $NVIDIA Corp(NVDA)$ $Meta Platforms, Inc.(META)$ $Amazon.