June 9, 2023
The stock market posts another gain on the last trading of the week.
- SPY +.18% DIA +.14% QQQ +.38%
Tesla stock posted 11 green streaks days following the news that GM is partnering with their Tesla Supercharger
Netflix hits another 52-week high today as JPM raises price target to $500 from $480
June 8, 2023
The US major benchmarks and equities bounced from yesterday's sell-off, notably, the S&P500 recouped and then some, of what it has lost yesterday's trading session.
- Today- SPY +.60% ( 6/7/23 SPY -.35%)
The technology sector/ ETF bounced as well, but not symbiotic with the S&P 500.
- Today- QQQ +1.24% (6/7/23 QQQ -1.70%)
- CVNA +56.02% W +7.40% BROS +7.50%
- Continous rally - TSLA +4.58% NFLX +2.40% AMBA +2.73%
June 7, 2023
The technology sector QQQ -1.70% suffered its biggest loss since (4/25/23 QQQ -1.89%)
along with it slide today, the Tech momos slid as well.
- AMZN -4.25% META -2.77% GOOGL -3.78%
The AI hype trades have taken a pause today.
- NVDA -3.04% MU -.71% PLTR -4.98%
Other leader stocks that have performed really well in the month of May took a beating today as well.
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| CMG |
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| SNOW |
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| PANW |
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| TWLO |
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| WDAY |
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| ELF |
Meanwhile, the strength in Industrials, Infrastructure, and Agriculture continues.
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| CAT |
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| DE |
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| MOS |
June 6, 2023
It's another teid movement in the US equities following last Friday's monster rally in US benchmark & equities.
- DIA +.01% QQQ -.02% SPY +.22%
The Industrials and Agriculture have been losing sectors in the last 4 months, it appears today that the industry's fate is changing as it exhibits a strong price reaction or rally with volume. *DE & CAT are other names on these groups, not charted*
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| CF |
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IPI
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MOS
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Other sectors showing potential bottom reversals are Furniture makers and China stocks.
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| RH |
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| WSM |
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| W ignited the rally in the sector following strong Q1 earnings result |
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| NTES |
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| BIDU |
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| BABA |
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