Hello everyone! Today i want to share some technical analysis with you!
1.
$GameStop(GME)$ Last time GME short volume was this elevated?
May 2024—right before a 500% rally.
Image
2.
$SPDR S&P 500 ETF Trust(SPY)$ Buyers successfully defended the $550 golden fib zone on the first test...
Key battleground to watch this week.
Image
3.
$NVIDIA(NVDA)$ 's rough patch may not be over yet...
Seasonality points to a historically weak two-week stretch, with a low win rate and poor average returns over the last 15 years.
Image
4.
Tech just triggered its first death cross since March 2022.
$Technology Select Sector SPDR Fund(XLK)$ top holdings:
$Apple(AAPL)$ : 15.31%
$Microsoft(MSFT)$ : 13.17%
$NVIDIA(NVDA)$ : 12.56%
$Broadcom(AVGO)$ : 4.01%
$Salesforce.com(CRM)$ : 3.14%
Image
5.
$Microsoft(MSFT)$ is now lagging over 80% of the S&P 500 on a yearly relative performance basis...
Not looking too magnificent, is it? 🔻
Image
Under such uncertain conditions, we can choose some other stocks to offset risks.
A tool to boost your purchasing power and trading ideas with CashBoost! Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
[USD]Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now
How to open a CBA. How to link your CDP account. Other FAQs on CBA
Comments