Overall Market Movement: The heatmap shows a wide array of colors, indicating varied performance among the companies. The majority of the companies appear to be in the green, suggesting a generally positive week for the Nasdaq 100.
Sector Performance:
Technology Services: Microsoft (MSFT) and Google (GOOGL) show significant gains of +6.85% and +6.01% respectively.
Electronic Technology: Notably, Apple (AAPL) has a +6.77% increase, indicating a strong performance for the week.
Retail Trade: Amazon (AMZN) stands out with a +5.99% gain.
Top Performers:
NVIDIA (NVDA) shows an exceptional increase of +14.14%, making it one of the top performers.
Advanced Micro Devices (AMD) also shows a substantial gain of +15.28%.
Adobe (ADBE) has a significant rise of +9.33%.
Contrasting Performances: While most technology-related companies are in green, there are some companies like AstraZeneca (AZN) in health technology with a slight decrease of -0.09%.
Consumer Services and Goods:
A mix of performances is seen with some companies like Comcast (CMCSA) showing no change (0.00%), while others like Tesla (TSLA) have a considerable increase of +8.10%.
Indicators: The top bar shows a market cap indicator with varying sizes of squares, representing the relative market capitalization of the companies.
From this heatmap, we can deduce that the week was positive for the majority of tech companies, with exceptional performances from semiconductor manufacturers like NVIDIA and AMD. The retail trade sector also performed well, with Amazon showing strong gains. The heatmap suggests investor confidence in the technology sector, especially in established companies with large market capitalizations. However, the slight negative performance in health technology indicates that the positive sentiment was not uniform across all sectors.
Our Momentum, Growth & Innovation portfolio is up >12% over last week, significantly outperforming the major market indices. Here is the link to the updated portfolio:
www.tradingview.com/...atchlists/128292848/
Sector Performance:
Technology Services: Microsoft (MSFT) and Google (GOOGL) show significant gains of +6.85% and +6.01% respectively.
Electronic Technology: Notably, Apple (AAPL) has a +6.77% increase, indicating a strong performance for the week.
Retail Trade: Amazon (AMZN) stands out with a +5.99% gain.
Top Performers:
NVIDIA (NVDA) shows an exceptional increase of +14.14%, making it one of the top performers.
Advanced Micro Devices (AMD) also shows a substantial gain of +15.28%.
Adobe (ADBE) has a significant rise of +9.33%.
Contrasting Performances: While most technology-related companies are in green, there are some companies like AstraZeneca (AZN) in health technology with a slight decrease of -0.09%.
Consumer Services and Goods:
A mix of performances is seen with some companies like Comcast (CMCSA) showing no change (0.00%), while others like Tesla (TSLA) have a considerable increase of +8.10%.
Indicators: The top bar shows a market cap indicator with varying sizes of squares, representing the relative market capitalization of the companies.
From this heatmap, we can deduce that the week was positive for the majority of tech companies, with exceptional performances from semiconductor manufacturers like NVIDIA and AMD. The retail trade sector also performed well, with Amazon showing strong gains. The heatmap suggests investor confidence in the technology sector, especially in established companies with large market capitalizations. However, the slight negative performance in health technology indicates that the positive sentiment was not uniform across all sectors.
Our Momentum, Growth & Innovation portfolio is up >12% over last week, significantly outperforming the major market indices. Here is the link to the updated portfolio:
www.tradingview.com/...atchlists/128292848/
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini