Last week in review:Market Review+Position Analysis (05/08-09/08 2024)
I've been traveling with my family since the beginning of this week. I really couldn't find time to write a market review, etc. I just took a screenshot of the key charts and presented them here:
Market review:
The daily line~
Weekly line:
Stay optimistic
Breadth:
The green is slowly returning.
Market sentiment:
Positions:
SOXL IOT RACE read yesterday's post.
Cash share: 32.6%
Get back on track and ride 🚴🏻

Reduction/Clearance:
$Insmed (INSM.US)$ (-0.3%) Bought after breaking through the trend line on Tuesday and was shaken out on Thursday, and the account lost 0.3%.
$Viking Therapeutics (VKTX.US)$ (-0.3%) was knocked out on Friday, and the account lost 0.3%.
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ The position was cut by about 2/3 after the price reached break-even on Wednesday. The current major problem has been solved. The first time since then (Tuesday) is that you can continue to hold as long as you keep the bottom line, which greatly reduced the pressure.
add:
$Samsara (IOT.US)$ (0.3%) Buy break through on Tuesday, account risk 0.3%.
$Ferrari (RACE.US)$ (0.3%) On Wednesday, I saw that it had broken through the consolidated range of more than 4 months. Although the purchase was a bit late, I thought it was worth participating after calculating the profit to loss ratio. The weekly chart also highlighted a clear chart, and the account risk was 0.3%.
Here are all of this week's deals.
Begin to slowly return to your previous trading rhythm. Stop loss is a core process that cannot be avoided in trading, maintain the process~ 🚴🏻

Last week in review 👉🏻Market Review+Position Analysis (29/07-02/08 2024)
A quick review of this week's markets:
$NASDAQ 100 Index (.NDX.US)$ This week was all about trading volume shrinking day by day;
$S&P 500 Index (.SPX.US)$ Dispatched on Mondays;
$Russell 2000 Index (.RUT.US)$ Dispatched every Wednesday;
NDX>SPX>RUT.
What can be seen so far is that a large number of buyers intervened after the sharp dive in the market on Monday. The candle pattern and trading volume clearly described this behavior. Subsequent trading volume decreased day by day, and prices slowly rebounded, which means that supply has already been digested quite a bit, and there are too many possibilities for follow-up, so simplifying is probably the best strategy here. Simply wait to keep up with the FTD (FTD) or once the index breaks through the moving average to stabilize before entering the market with all your might.
Weekly chart:
The chart here is more clear. After the NDX dived back within the upward trend line and above the 30MA, SPX almost touched the upward trend line and stepped back above 30MA and 20MA. RUT re-tested the previous big base to see if there was tennis behavior here; overall, I can't say that it is very optimistic, but it's not time to be pessimistic.
Breadth records:
There has been a turning point since last Friday. 5 red days this week to see if it will recover and how long will it take to recover?
The market...

This week's Black Monday almost broke through all the stop losses I set, and although there were some nice names in it, the past let it pass and I always kept looking ahead 🚴🏻
Reduction/Clearance:
$Teva Pharmaceutical Industries (TEVA.US)$ (-0.4%) It was knocked out on Monday. It was actually a relatively strong name. The account lost 0.4%
$Tenet Healthcare (THC.US)$ (-0.4%) Was knocked out of the game on Monday, and the account lost 0.4%
$TG Therapeutics (TGTX.US)$ (+0.25%) Was knocked out of the game on Monday, and the account made a profit of 0.25%
$Carvana (CVNA.US)$ (+0.3%) Turbulent exit on Monday, account profit 0.3%
$Catalyst Pharmaceuticals (CPRX.US)$ (-0.3%) The exit was volatile on Monday, and the account lost 0.3%
$Rocket (RKT.US)$ On Monday, the position was cut by 1/3 again at 25% profit, and the remaining 1/3 position continued to ride, using 20MA to track the stop loss (closing price). Currently, it is the most worry-free name.
$Palantir (PLTR.US)$ After Tuesday's earnings report, I saw resistance at 20MA and cut 1/5 positions again. So far, 3/5 positions remain, and the closing price of 20MA protection will be used later.
add:...

“Even if you lose, the only thing you should do is lose with honesty and honesty.” - Rockefeller
Last week's link 👉🏻Market Review+Position Analysis (22/07-26/07 2024)
A quick review of this week's markets:
$NASDAQ 100 Index (.NDX.US)$ Distributed on Tuesday, Thursday and Friday, and attracted funds on Wednesday;
$S&P 500 Index (.SPX.US)$ It is distributed on Tuesday and Friday, and funds are attracted on Wednesday;
$Russell 2000 Index (.RUT.US)$ Funding is drawn up on Tuesday and Wednesday, and distributed on Thursday.
RUT>SPX>NDX.
SPX on Wednesday gave unscrupulous updates (< 1.7%, and the proportion of skipping is too large). On Thursday and Friday, data continued to trigger panic sell-offs (unemployment rate, Sam's rule, recession route, etc.), with huge trading volume; NDX and SPX moved downward away from 50MA after diving on Friday, and RUT temporarily stopped above 50MA; the weekend social circle was filled with extreme pessimism. There are advantages and disadvantages, and the future market itself is required to provide answers.
Weekly chart:
NDX has reached a critical position: the bottom of the 30-week EMA and the upward trend line that began in January 2023;
SPX fell below the 10-week EMA;
The RUT has also reached the 10-week EMA and near the previous breakthrough point. Whether it is eggs or tennis, the market is needed to answer this question next.
Record the market yourself...

I have broken the trading rules several times in the last three weeks, and I clearly knew it was a mistake;
The market doesn't care who you are; as a result, you can only pay for it yourself.
The account experienced the biggest weekly pullback in history 👇
Reduction/Clearance:
$Sarepta Therapeutics (SRPT.US)$ (-0.5%) was added when breaking through on Monday, and the breakout failed on the same day. It fell below the stop loss on Tuesday, tried to remedy it once, and went out twice.
$Rocket (RKT.US)$ The position was cut by 1/6 twice on Monday and Wednesday. The response after the earnings report was good. It is the name with the best feedback this week among current positions.
$Palo Alto Networks (PANW.US)$ (-0.13%) closed below 50MA on Tuesday and exited as planned.
add:
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ Using VIX's turnaround time to buy on Tuesday, I actually got a profit of more than 25% on Wednesday. I was too greedy. I felt at ease with a profit of about 20%. I didn't set a stop loss after the opening of the day, then went to bed. After waking up in the morning, I found that all profits came back up, and it had turned into a loss. After the market, I retaliated to increase positions... (Does this sound familiar? This is a routine mistake most traders make: flat spread failure...