TLDR;
Choppy Week. Sell in May and Go Away. Runaway Crypto (Doge & Ethereum).
Are Markets waiting for Sell in May & Go Away? Seems to be Meh for now
Ethereum has been on the rocketship, sort of playing catchup with BTC. The factual analysis is that demand for immediate ETH has outstripped short term supply.
Technology stocks taking a beating and Cathie Wood says she likes it. In a way, I agree with her long term outlook.
US Broad Sectors
US Tech
China A-Shares
Crypto
AOB Category
Week+ Ahead Bets*
It’s Sell in May, and every coin seems to be flying to the moon chasing the tail of the DOGE. I would wait for a pull back to buy something meaningful, or maybe I might miss the ride. Unfortunately, there is every possible “after-the-fact” explanation for Crypto going down or going up
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How to Benefit from this post? Scroll through it in 1 minute to see where your investments could be heading. The charts specifically show more than a week so that you can see them in context.
Explainers:
TLDR - Short summary of what happened last week.
Market Charts - To provide a quick overview of the larger market flows.
AOB Charts - Anything interesting but not necessary meaningful.
Week+ Ahead Bets* - A cheeky way we call our forward hopes, and should not be taken as advice, and because we are not expert market timers, it could span a few weeks or more, hence the +!
Charts are from Tradingview.com.
Disclaimers: Some charts may have Technical Analysis drawings, and should not be construed as advice. I may be invested in some instruments mentioned in this post.