🖼 Daily Technical Picture 📈
➤ One thing I like about trading indices is that I don't have to deal with individual stock risk. A reasonably diversified portfolio will do the trick too. We have seen some major moves in the price of mega cap stocks this earnings season. Meta, Netflix, Amazon to just name a few. Overall, at the index level, they were pretty much non-events. The Many overcame the Individual.
➤ With the exception of tech, indices have overcome the bad individual stocks moves. This lends to a sense of bullish resilience. Something we probably haven't seen for a while. Does this mean that this bullish bounce is more sustainable or simply a case of "better" macro-economic factors such as a potential easing of interest rate rises have temporarily overshadowed bearish proceedings?
➤ I added a small short exposure in NASDAQ whilst keeping my longs in S&P500 and DJIA. An overall 30% long exposure. This will change quickly if prices reverse course. The S&P500 is sitting on short-term support. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: Major earnings news is over...back to the macro-news grind.
➤ One thing I like about trading indices is that I don't have to deal with individual stock risk. A reasonably diversified portfolio will do the trick too. We have seen some major moves in the price of mega cap stocks this earnings season. Meta, Netflix, Amazon to just name a few. Overall, at the index level, they were pretty much non-events. The Many overcame the Individual.
➤ With the exception of tech, indices have overcome the bad individual stocks moves. This lends to a sense of bullish resilience. Something we probably haven't seen for a while. Does this mean that this bullish bounce is more sustainable or simply a case of "better" macro-economic factors such as a potential easing of interest rate rises have temporarily overshadowed bearish proceedings?
➤ I added a small short exposure in NASDAQ whilst keeping my longs in S&P500 and DJIA. An overall 30% long exposure. This will change quickly if prices reverse course. The S&P500 is sitting on short-term support. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: Major earnings news is over...back to the macro-news grind.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.