dingdongbell

$Apple(AAPL.US)

Apple has retreated a bit since its ATH on 29th July which (no surprises here!) was also the day high beta tech ‘bottomed’.

I had mentioned how Apple being defensive tech and a huge market cap made it convenient for funds to ‘park’ their capital while waiting for high beta tech to bottomed. Some of that money has rotated into high beta tech again it seems and as momentum picks up, it looks like high beta tech is just starting its engine again after a good rest.

@Captain's Treasure

$GLD SG(GSD.SG)

Gold is in a good place. I cannot say for certain if we have seen the bottom yet. But it looks like appetite for Gold is returning. Historically as well, gold has had periods of time when it will pull back after rallying. But throughout time and gold has been around ages, there is only one direction up.

@Captain's Treasure

$NVIDIA(NVDA.US)

Although Nvidia does not hold a big position in my portfolio, I still monitor her closely for an overall gauge of the market.

She’s like the check engine sign. If she is humming along, that is good and indicates that AI is still driving along well and keep markets chugging along.

At the moment, she looks good going into earnings and the markets also look generally steady and looking upwards.

@Captain's Treasure

$AMD(AMD.US)

AMD looks like a good topic for today. It reported good results but price retreated. To be fair, it has rallied quite a fair bit since last week so was due a breather.

It has been consolidating around these levels which is good to store energy before another push to new highs. Hopefully!

@Captain's Treasure

$AMD(AMD.US)

AMD actually posted very good results. But this market seems to be placing sky high expectations and are so used to being wowed that just good is not good enough.

They want something to take their breath away. But slow and steady is always better.

@Captain's Treasure

$Apple(AAPL.US)

Looks like the apple has dropped from the tree. It was majestically high up above the other tech names while higher beta tech was being sold off.

As I mentioned, Apple is defensive tech and with a huge market cap, it is easy to park big swathes of capital rotated from the sold off higher betas and preserve them.

When sentiments become risk on again, they rotate out to higher betas again. Look at the divergence in price ever since high beta tech’s low last week.

Apple is a good company but they belong to the sunsetting mobile/ social media micro trend which defined the early 2000s. AI is the new micro trend and unless they pivot quickly, they risk becoming the next Nokia. Even Nokia has learnt something and moving into AI.

@Captain's Treasure

$GLD SG(GSD.SG)

Gold is looking good at these levels. It has always been a safe haven asset and one that central banks and investors depend on when there is fear and distrust in the fiat system.

In my honest opinion, the value of gold will always rise as long as inflation is around.

@Captain's Treasure

$NVIDIA(NVDA.US)

Nvidia has been rather quiet of late. But that is to be expected having such a big market cap, she has become more like a blue chip rather than a growth stock like she once was.

However, value wise, she does look attractive at these levels, especially if she can show that her growth is not done yet.

@Captain's Treasure