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

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