Pullback Coming! Will You Shop on Sale?

Semi plunge led the market decline. --------------------------- Is this a healthy pullback or just the beginning of correction? Have you taken profit yet? When will you buy tech stocks again?

avatarTechnicalHunter
2024-07-18

Add QQQ when prices retrace to support levels: $476, $469 and $452

The $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ ($QQQ) had its biggest one day drop since 2022. Investors have been asking me why the sudden drop? What has changed in the last 24 hours? Two main reasons. Markets move in waves. After a wave up, there is always a wave down. After an extended wave up, the $QQQ was due for a wave down. Seasonality. Look at the second chart below. During Election years (since 1950), the market historically falls on the 3rd week of July. This was a textbook pattern The mainstream news will come up with all kinds of bullshit reasons to justify the drop ... comments from trump, geopolitical concerns blah blah blah The reality is that in the short-term, market prices are all manipulated by
Add QQQ when prices retrace to support levels: $476, $469 and $452
avatarTigerHulk
2024-07-19
Technology stocks continue to adjust, with sector rotation accelerating due to: - Increasing investor caution - Rising bond yields - Growing concerns over inflation - Regulatory scrutiny - Global economic uncertainty Notably, value stocks are experiencing a broad rebound, driven by: - Attractive valuations - Improving economic fundamentals - Increased investor appetite for risk The market remains influenced by three key factors: 1. The US presidential election, with its potential impact on economic policies and regulations 2. The Federal Reserve's interest rate decisions, which affect borrowing costs and market sentiment 3. Earnings season fundamentals, as tech companies release their financial reports and guide future expectations These factors will likely drive market trends in the next
avatarPinkspider
2024-07-19

Microsoft outage gonna impact the market tonight ?

OUTAGES - Biggest IT outage ever according to experts - Major banks, media, airports and airlines affected by major IT outage - Rail services disrupted in parts of US and UK - Payment systems impacted in different parts of the world, including Australia and the UK. - Australia's government calls for emergency meeting - Significant disruption to some Microsoft services - 911 services disrupted in several US states including Alaska, Arizona, Indiana, Minnesota, New Hampshire and Ohio. - Services at London Stock Exchange disrupted - Sky News went off air, other media facing disruptions - CrowdStrike CEO says not due to cyberattack and that 'the issue has been identified, isolated and a fix has been deployed'
Microsoft outage gonna impact the market tonight ?
avatarJacksNiffler
2024-07-17

NVDA's another buy the dip?

One very profitable investor who has been holding an out-of-the-money Call on $NVIDIA Corp(NVDA)$ (and rolling it over) has been holding the view that as long as these "smart" people keep predicting when the market is going to crash, that day will never come.people are always predicting when the market will crash and NVIDIA will plummet, then that day has not yet come.For example:A previous article talked about how the U.S. is in the longest inverted yield curve period without a recession and these overvalued bubbles will burstr/wallstreetbets - We are now in the longest yield curve inversion on record without a recession."Insiders are selling NVDA, so a top is imminent"I've heard that bank managers are talking about it too and are on the phone wi
NVDA's another buy the dip?
avatarTechnicalHunter
2024-07-16

How will Mag7 compare going into this week?

Let’s read the weekly charts of Mag 7 together: $Apple(AAPL)$ : Still bullish chart $Meta Platforms, Inc.(META)$ : Bearish engulfing candle on heavier volume $Amazon.com(AMZN)$ : Bearish Harami candle on heavier volume $Alphabet(GOOG)$ : Bearish Harami candle on heavier volume $Microsoft(MSFT)$ : Bearish Harami candle on heavier volume $NVIDIA Corp(NVDA)$ : Bearish Shooting star candle (green) $Tesla Motors(TSLA)$ : Neutral doji after big bullish engulfing candle Solid flows into
How will Mag7 compare going into this week?
avatarTigerHulk
2024-07-12
Yesterday's correction in US big tech stocks was a healthy pullback after a significant rally in recent weeks. The correction was driven by profit-taking and a slight shift in investor sentiment, which is normal in a bull market. The pullback helped to: 1. Reset valuations: The correction brought down elevated valuations to more reasonable levels, making stocks more attractive for long-term investors. 2. Reduce overbought conditions: The pullback alleviated overbought conditions in some tech stocks, which had reached extreme levels. 3. Create buying opportunities: The correction provided a chance for investors who missed the previous rally to buy into quality stocks at lower prices. 4. Test market resilience: The pullback tested the market's resilience and ability to absorb losses, which c
avatarmertiger
2024-07-19
Last night, the three major U.S. stock indexes fell. With the expectation of interest rate cuts, U.S. stocks once soared, and it is normal to fall. The Russell 2000 index fell 1.9%, retreating from the rebound earlier this week. Due to the impact of TSMC's performance exceeding expectations, U.S. chip stocks rebounded slightly last night, and Nvidia rose more than 2%. The United States announced the number of first-time unemployment claims on Thursday, the largest increase since early May, showing signs of a cooling job market and supporting expectations of a rate cut by the Federal Reserve. According to people familiar with the matter, a group of heavyweight U.S. corporate executives will travel to Beijing next week, hoping to meet with Chinese officials to gain a deeper understanding of
avatarbumpy
2024-07-16
$Alphabet(GOOG)$ Interesting to compare FCF Estimates of AMZN $Amazon.com(AMZN)$ NVDA $NVIDIA Corp(NVDA)$ GOOG MSFT $Microsoft(MSFT)$ • By the end of 2028, AMZN is projected to generate more FCF ($142.34B) than the rest • NVDA is projected to nearly triple its FCF in 2 years (2024-2026) • Despite NVDA outstanding growth, GOOG & MSFT FCF projections are still impressive Current valuations: AMZN 1.96T NVDA 3.00T GOOG 2.25T MSFT 3.34T Any thoughts? Comment below
avatarSamlunch
2024-07-18
This is incredible: The Magnificent 7 has erased a combined $1.1 trillion of market cap over the last 5 days, the most since the 2022 bear market. This marks the 3rd largest drop in market cap on record. By comparison, the worst 5-day stretch occurred in May 2022 when the group lost a whopping $1.3 trillion. Over the last 5 days, Nvidia, $NVDA, alone lost ~$418 billion in value and fell below $3 trillion for the 1st time since June 24th. To put this into perspective, Nvidia has lost nearly DOUBLE the market cap of the entire value of AMD's, $AMD, stock. Market volatility is back. Not only are investors taking profits on tech stocks, but they are also rotating into small caps. This is the first notable shift into small cap stocks in over 2 years. Is big tech starting to lose its shine?
avatarSamlunch
2024-07-19
$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$   $SPX Chart Update: Well what a couple days it has been eh? But to be honest, a -2.5% peak to trough drawdown is nothing given that the markets are up almost 40% since the Oct 2023 lows. Literally should be considered run of the mill daily noise. We shouldn't kid ourselves here. I do think we get a little reprieve bounce here and then a further 2% drop down afterwards to the purple support area where the 50dma and the lower channel of the wedge conveniently is located. So around 5,450 ish on the SPX. Then maybe we get a last fake breakdown towards that gap fill area of 5,375 where it m
avatarPinkspider
2024-07-18
$Tesla Motors(TSLA)$  : Barclays Raises price Target to $225 from $180 "Key takes: 1. Expecting 2Q miss on Auto GM% we see at 16.0%; 2. 40bps q/q decline in margin to new trough driven by weak price, FSD non-repeat, w/ offset from vol & raw mats; 3. Energy's record 2Q deployments & improving margins an offset to Autoweakness; 4. Fundamentals may regain focus & pressure stock temporarily. We believe TSLAb s clear lead in both the global EV transition and the emergence of the software defined vehicle, as well as positive trajectory on volume, position it very well in the long term, but we believe near-term headwinds for the stock are being overlooked amid the recent rally in the stock, keeping us o
avatar1PC
2024-07-21
$SGX(S68.SI)$ $SGX(S68.SI)$  SGX showed strong resilient against STI last week. STI drop from High of 3509 to close at 3447. (3 banks also follow accordingly) While SGX buckle the dropping movement and Bounce back up. From MA Line Bullish Set up$SGX(S68.SI)$  , it seems they are poised for upwards 👆 actions this coming week from 22-26Jul. I'm excited and anticipating SGX to create a New Higher High this week [Bless]  [Bless]  
avatarnomadic_m
2024-07-17
A bullish put spread on the Russell 2000 ETF $iShares Russell 2000 ETF(IWM)$ can be used to profit from a moderate price increase while limiting downside risk. Here's how it works: * Sell a put option with a higher strike price (e.g., $240) and buy a put option with a lower strike price (e.g., $224) for the same expiration date. * Collect the net premium (difference between the premiums received and paid). * The maximum profit is capped at the net premium received. * The maximum loss is limited to the difference between the strike prices minus the net premium received. This strategy is suitable for investors who are bullish on IWM but want to limit their risk.
avatarSamlunch
2024-07-19
$SPDR S&P 500 ETF Trust(SPY)$   We just witnessed history: It has now been 352 trading days without a 2% down day in the S&P 500, the longest stretch in 14 years. This is also the 10th longest streak in the history of the stock market. With the election and Fed in the spotlight, we have seen multiple daily drops of 1%+ over the last couple of weeks. Periods of low volatility are almost always followed by periods of high volatility. The current period of low volatility is coming to an end.
avatarBarcode
2024-07-16
avatarHLPA
2024-07-13
The pull back by the mag seven stocks is good for the market. Prices have soared to all time highs at least for some. Patiently wait for your levels to come by.  Like Nividia, NVDA, which pulled back from the mid 130s to about 127 past two sessions. I repurchased the stock again and will now wait for the mid 130s again. Yes, buy when the prices of these mag seven stocks plummet and patiently wait for the return to yhe high side. These are good stocks to bet on their upturn again as always. Good luck! 
avatarAqa
2024-07-18
🌈🌈 The summer stocks sale has started. Good chip stocks are under market pressure due to geopolitical tensions. $NVIDIA Corp(NVDA)$ has lost 7.19% recently. $110 and $100 are definitely good price points for “BUY”. NVDA is a good and healthy company set to deliver earnings beats in the coming months. Strongly recommend DCA NVDA. Remember to do your own due diligence before any trade. Thanks @Tiger_comments @icycrystal 🚀🚀🚀
avatarMHh
2024-07-12
It is just normal pullback, not correction yet. Market is now riding on the euphoria of rate cuts. The party will go on unless the rate cut doesn’t come or there are major events such as the ward worsening or more surrounding nations being implicated in the wars. The US presidential might cause some swings but if a correction truly comes, it will be good to buy. For now, good to keep cash or do swing trades to ride the momentum and take some profit with the price changes.
avatarSamlunch
2024-07-18
I believe the market will correct in an ABC correction shortly after the first Rate Cut by the Fed but I do not foresee any ‘biblical’ crash that some are predicting on here. PE ratios are stretched now but not at a level where we would expect a doomsday event next. FED has also managed to reduce inflation without triggering a recession which is down to the resilience of economy. When the market corrects, I will therefore take full advantage of this pull back. 
avatarHappiness.
2024-07-18
Yup went$Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$ some shopping. Continue tomorrow morning:)[Miser] [Miser] [Miser] [Miser] [Anger] [Anger] [Anger] [Anger]  sold for profit to go shopping🛍️ for sale 💰 now 🥳
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