May 29 U.S. Stock Market Special Analysis || Accurately Predicted NVIDIA's Stock Split
Here's my analysis of the U.S. stock market. The last time I wrote was on May 20:
In the article above, I accurately predicted NVIDIA's stock split:
As you can see in the image above, on May 20, I said NVIDIA has only one word: keep rising. $NVIDIA(NVDA.US)
This was the judgment two weeks ago. Of course, I’ve also mentioned in my daily analysis videos to hold onto NVIDIA. My written posts are usually updated every 1-2 weeks, but my analysis videos are synced daily. Today’s judgment on NVIDIA is: it will continue to rise.
However, first the broader market, then individual stocks. If the $S&P 500(.SPX.US) $NASDAQ Composite Index(.IXIC.US) $Dow Jones Industrial Average(.DJI.US) — the three major indices — show problems, then we should clear our NVIDIA positions first.
Two related stocks to NVIDIA: $AMD(AMD.US) — in Friday’s analysis video, I mentioned there might be a dead cat bounce. $Super Micro Computer(SMCI.US) can be avoided for now.
Now, let’s talk about $Apple(AAPL.US)
In the last article, we also mentioned that the CD indicator signaled a buy for Apple at around 160:
(The "buy" text in the image above is from the CD indicator itself.)
Next, as long as the candlestick closing price doesn’t break below the lower edge of the blue ladder, it means it will keep rising.
For Apple, there are two new fundamentals worth noting:
Apple’s 2024 WWDC detailed schedule announced, starting at 1 AM Beijing Time on June 11
Includes the keynote and Platforms State of the Union, held from June 10 to 14 Pacific Time, with the slogan "Bring on the big updates." The keynote is scheduled for 10 AM Pacific Time on June 10 (1 AM Beijing Time on June 11). The market expects Apple to release new operating systems including iOS 18, iPadOS 18, macOS 15, tvOS 18, watchOS 11, and VisionOS 2.
Additionally: Apple’s iPhone shipments in China grew by 52% in April.
Now, let’s talk about $Tesla(TSLA.US)
Previously, we took action on Tesla at around 140 because the CD indicator signaled a buy.
At Tesla’s current price, as I mentioned in last night’s analysis video, the biggest question is whether it’s an EV stock. If it is, it will likely keep falling. But if it’s an AI stock, there could be a massive rally.
It all depends on whether FSD gets hyped:
Tesla seems to be further advancing the rollout of its FSD system in China. It’s reported that after a recent software update, some Tesla China employees saw related text in their vehicle systems. Recently, a Tesla China employee confirmed that after the update, the screen displayed "Employee FSDBeta Program: Registered." The employee shared this info with Tesla fan ChrisZheng via a screenshot.
Now, let’s talk about Chinese stocks.
First, $PDD(PDD.US)
Last night’s analysis video was very clear: we bought Pinduoduo on April 19. Now, it’s time to sell. The CD indicator signaled a sell, and it broke below the blue ladder:
(The "sell" text in the image above is from the CD indicator.)
Pinduoduo’s earnings were indeed strong, but Temu has risks:
Now, my overall view on Chinese stocks:
Those who watch my analysis videos daily know that on April 19, we bought Chinese stocks. $Alibaba(BABA.US) JD, $XIAOMI-W(01810.HK) $BILIBILI-W(09626.HK) , and Tencent all had buy signals. But by May 20, we sold these positions because the Hang Seng Index signaled a sell, and Alibaba, Meituan, and Xiaomi also had sell signals.
$TENCENT(00700.HK)
Tencent also had a sell signal. The CD indicator at around 400 HKD suggested we consider selling Tencent.
$MEITUAN(03690.HK)
Meituan’s CD indicator at 128 HKD suggested we should sell.
$Hang Seng Index(00HSI.HK)
All of this actually stems from the Hang Seng Index signaling a buy at 16,400 on April 19 and a sell at 19,700 on May 20:
Next, a big opportunity preview: when the Hang Seng Index, Alibaba, Tencent, Meituan, and Xiaomi all signal a buy, it’s time to buy.
Now, let’s talk about $GameStop(GME.US) $Faraday Future Intelligent Electric(FFIE.US)
Last Friday night, we took a position in GME: the CD indicator signaled a buy at around 18.
FFIE. In Tuesday’s analysis video, I said to stay away. And once again, let me explain: FFIE’s surge was driven by Roaring Kitty and retail investors, not Jia Yueting. If you think it’s related to Jia, that would imply improved fundamentals, and you could expect it to rise to 100. But that’s not the case. The CD indicator signaled a sell at 3.8, so it’s time to sell. I explained this clearly in the analysis video.
I’ve explained this many times:
Meme stocks. "Meme" comes from the ancient Greek word "mimema," meaning "to imitate." Meme stocks, also known as "internet sensation stocks," first appeared during the 2020 pandemic, referring to stocks that gained viral popularity due to heightened social sentiment. This sentiment usually stems from online activity, especially on social media platforms. These online communities can dedicate significant research and resources to certain stocks. Meme stocks are often heavily discussed and analyzed in threads on sites like Reddit and in posts to followers on platforms like X (formerly Twitter) and Facebook.
It wasn’t until 2020 that "meme stocks" truly emerged through the Reddit forum subreddit wallstreetbets.
YouTube personality Roaring Kitty posted a viral video explaining why the stock price of brick-and-mortar video game retailer GameStop Corp. (GME) surged from $5 to $50 in August 2020. In the video, he explained that the stock had one of the highest short interests in the market, primarily held by hedge funds—once a massive short squeeze occurred, these funds would need to cover their positions, driving the stock price up sharply.
While GameStop was the first successful meme stock, it wasn’t the only one. Users of WallStreetBets quickly identified other downtrodden stocks with high short interest. These included AMC Entertainment Holdings Inc. (AMC), a movie theater chain hit hard by the COVID-19 pandemic, and BlackBerry Limited (BB), an outdated smartphone manufacturer.
Alright, that’s all for today’s analysis. See you in a week!
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
