April 20 Weekly Stock Market Update - the correction is upon us for Semis

Author

Mukund Mohan
April 20, 2024

Review

The market is bearish and the short trades are working better. The NASDAQ is below the 50 day MA and looks like it wants to get to 200 day MA - which is about 1000 points lower or 8% from its current position. Semiconductor stocks are best opportunities for shorts especially those that ran up a lot.

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If you zoom out we are still positive for the year, except Small Cap stocks

Videos this week

Mukund Mohan

I will help you learn to invest and trade the Stock market from a fundamental and technical analysis perspective.

www.youtube.com/@mukundmo/membership

Deep Dives this week

Wolfspeed Inc $WOLF Deep Dive – Investment Literacy Coach

blog.mukundmohan.online/index.php/2024/04/19/wolfspeed-inc-wolf-deep-dive

SolarEdge Technologies Inc $SEDG Deep Dive – Investment Literacy Coach

blog.mukundmohan.online/index.php/2024/04/18/solaredge-technologies-inc-sedg-deep-dive

Joby Aviation Inc $JOBY Deep Dive – Investment Literacy Coach

blog.mukundmohan.online/index.php/2024/04/17/joby-aviation-inc-joby-deep-dive

nCino Inc $NCNO Deep Dive – Investment Literacy Coach

blog.mukundmohan.online/index.php/2024/04/16/ncino-inc-ncno-deep-dive

Tidewater Inc $TDW Deep Dive – Investment Literacy Coach

blog.mukundmohan.online/index.php/2024/04/15/tidewater-inc-tdw-deep-dive

Portfolio updates this week

$F Ford Motor Co Deep Dive and 2024 outlook

The auto company has Hybrid in the mix. Is it worth a look given how low Tesla can get?

stocksmarts.substack.com/p/f-ford-motor-co-deep-dive-and-2024

$CPRT Copart Inc Deep Dive and 2024 Outlook

The vehicle auction company is a large online marketplace, but growth is slowing

stocksmarts.substack.com/p/cprt-copart-inc-deep-dive-and-2024

$LULU Lululemon athletica Deep Dive and 2024 Outlook

The apparel maker is down on Nike earnings faltering, but is that valid?

stocksmarts.substack.com/p/lulu-lululemon-athletica-deep-dive

$FTNT Fortinet Inc Deep Dive and 2024 Outlook

The Cybersecurity company is one of the best value stocks in a hot space

stocksmarts.substack.com/p/ftnt-fortinet-inc-deep-dive-and-2024

$SPOT Spotify Technology Deep Dive and 2024 Outlook

The company is raising prices and showing good EPS growth, is it time to buy?

stocksmarts.substack.com/p/spot-spotify-technology-deep-dive