US Market Sentiment

3 มี.ค.

Attached is the NSDQ100 heatmap for the last trading week.

General Overview:

Color Scheme: The heatmap uses shades of green to indicate gains and shades of red to indicate losses in stock prices. The intensity of the color suggests the magnitude of the performance.
Date and Time: The data reflects the market situation as of March 03, 2024, at 14:36:03 GMT-01:00.

Sector Performance:

Technology Services: This sector shows a mix of performances with MSFT (Microsoft) nearly flat, indicating stability. Meanwhile, GOOG (Alphabet) has suffered a significant loss, evidenced by its dark red box.

Electronic Technology: A strong performance from AVGO (Broadcom Inc) and NVDA (NVIDIA Corporation) is highlighted by their deep green colors. AMD (Advanced Micro Devices Inc) shows an impressive gain as well. However, AAPL (Apple) has seen a notable decline.

Retail Trade: AMZN (Amazon.com Inc) is in the green, showing a gain, while other retail stocks show a mix of gains and losses.

Health Technology: Mixed results with ISRG (Intuitive Surgical Inc) in green, while AMGN (Amgen Inc) has declined.

Consumer Durables and Non-Durables: TSLA (Tesla Motors, Inc.) has made a noticeable gain, while stocks like PEP (PepsiCo) have seen a slight decline.

Producer Manufacturing: AMAT (Applied Materials Inc) stands out with a significant gain.

Transportation: This sector generally shows declines, with most boxes in red.

Individual Stock Analysis:
High Performers: Stocks like AVGO, AMD, and AMAT show robust weekly gains, indicating strong bullish sentiment or potentially positive news affecting their market prices.

Underperformers: GOOGL, AAPL, and some transportation stocks have seen declines, which could be due to sector-specific news, broader market trends, or earnings reports not meeting expectations.
Interpretation:

Positive Sentiment: Stocks with significant gains might be reacting to favorable earnings reports, positive industry news, or bullish market behavior.

Negative Sentiment: The stocks in red, especially those with darker shades, might be experiencing sell-offs due to various factors like poor earnings, negative news, or shifts in investor sentiment.
When considering swing trading opportunities in such a market scenario, one might look for stocks that are showing strength within sectors that are performing well, as they could continue to outperform in the short to medium term. Conversely, stocks that have dropped significantly might be evaluated for potential rebounds if the underlying fundamentals remain strong, or they could be avoided if the decline reflects longer-term issues.

Mark Minervini's strategy would emphasize identifying stocks that are in strong technical positions with good volume support and potentially forming constructive chart patterns, which could indicate they are setting up for a potential breakout. One would also consider overall market trends and sector momentum when analyzing individual stocks for potential trades.

Please note that this analysis is based on the heatmap's visual data and does not account for other crucial factors like news, earnings reports, economic indicators, or detailed technical analysis, which should all be considered before making any trading decisions.