The Weekly Selection: 09/29/2024
Vol. 107: Short and Sweet
Investors,
Welcome back to another volume of the weekly selection, where I share my thoughts on the market, as well as analyze some other stocks of past and present. Before we get started, I want to shoutout my Tik Tok page, which can be found HERE
This week I’m keeping my article short and sweet, as I was traveling this weekend and just didn’t get a chance to get a full analysis done in time.
Enjoy!
Indices
Primary index SPY 0.00%↑ drifted higher throughout the week, making for a tough trading environment.
Magnificent 7 composite index here, making a double top at previous ATH. will be tough to crack and likely the reason for difficult action in the mix.
GLD 0.00%↑ moving higher into ATH territory. This setup has been spectacular while many other big ideas for the year lag behind. Gold currently up 30% on the year.
Parabolic Trend Analysis
TSLA parabolic run, all notes annotated.
Past Performance
Performance this week was exceptional. The MSTR 0.00%↑ thesis played out better than expected, and NVDA 0.00%↑ made a good move vs peers. Aero/defense cooled a bit, and healthcare was nowhere to be found.
big gain vs spy performance, making up for some tougher weeks earlier this year.
Charts
MSTR VST CAVA RKLB NVDA ARM RDW APLT LUNR ASTS ASPN
primary watches for this week. Again, apologies for no further charts or analysis this week, ill make it up next week!
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