Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If you're into stonks, today's update is for YOU. Cryptocurrencies are the largest part of our focus, but that doesn't mean we don't consider other markets suck as Forex, commodities and stocks. So today, let's take a look at the SPX / S&P 500 :
The top 3 stocks in the SPX by weight are :
1) Apple Inc. / AAPLE weighing 6.488138
2) Microsoft Corporation / MSFT weighing 5.52972
3) Amazon.com Inc. / AMZN weighing 2.386112
To put it into perspective, number 500 on the list is DaVita Inc. / DVA weighing only 0.012525. (There are actually 503 stocks in the S&P500).
From the above, we can clearly conclude that what happens in those 3 markets, especially AAPLE, holds quite a lot more weight than the rest. Taking a look at AAPLE from a Macro perspective, the chart seems to be in trouble. A very clear Wyckoff Distribution Phase is about to form:
On the Microsoft chart, thins are not looking rosy either. Infact, it seems as though we have just finished the low volume rally, meaning distribution phase in full force is up next:
AMZN is the only chart of the Top 3 lookin remotely bullish, seeming to have completed a full Wyckoff Method Cycle. Next up would be accumulation phase which involves range bound or sideways trading :
The S&P 500 index is a great way to diversify your portfolio and so manage your risk. It consists of most (but not all) of the largest companies in the United States. The S&P market cap is 70% - 80% of the total US stock market capitalization. It is a commonly used benchmark for stock portfolio performance in the US and abroad. Beating the performance of the S&P with less risk is the goal of nearly every portfolio manager, hedge fund and private investor/speculator.
Interested in Cryptocurrencies? Check out this bullish idea on Litecoin :
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If you're into stonks, today's update is for YOU. Cryptocurrencies are the largest part of our focus, but that doesn't mean we don't consider other markets suck as Forex, commodities and stocks. So today, let's take a look at the SPX / S&P 500 :
The top 3 stocks in the SPX by weight are :
1) Apple Inc. / AAPLE weighing 6.488138
2) Microsoft Corporation / MSFT weighing 5.52972
3) Amazon.com Inc. / AMZN weighing 2.386112
To put it into perspective, number 500 on the list is DaVita Inc. / DVA weighing only 0.012525. (There are actually 503 stocks in the S&P500).
From the above, we can clearly conclude that what happens in those 3 markets, especially AAPLE, holds quite a lot more weight than the rest. Taking a look at AAPLE from a Macro perspective, the chart seems to be in trouble. A very clear Wyckoff Distribution Phase is about to form:
On the Microsoft chart, thins are not looking rosy either. Infact, it seems as though we have just finished the low volume rally, meaning distribution phase in full force is up next:
AMZN is the only chart of the Top 3 lookin remotely bullish, seeming to have completed a full Wyckoff Method Cycle. Next up would be accumulation phase which involves range bound or sideways trading :
The S&P 500 index is a great way to diversify your portfolio and so manage your risk. It consists of most (but not all) of the largest companies in the United States. The S&P market cap is 70% - 80% of the total US stock market capitalization. It is a commonly used benchmark for stock portfolio performance in the US and abroad. Beating the performance of the S&P with less risk is the goal of nearly every portfolio manager, hedge fund and private investor/speculator.
Interested in Cryptocurrencies? Check out this bullish idea on Litecoin :
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
