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Aug 7th Stock Market Update - The market rally faded, but there are good signs for a reversal from the correction

Aug 7th Stock Market Update - The market rally faded, but there are good signs for a reversal from the correction

$NIO $ETSY $ABNB

Mukund Mohan
August 07, 2024

Market

“A strong rally in the morning hours, faded by end of the day, but Palo Alto Networks remained bright as did Shopify and Mercado Libre. A rally looks more promising now, but with short trades” 😊 😋

Strong start with a gap up and a fade towards the end for all indices

The bright spots for trade are Axon, Godaddy and Payoneer. These are the stocks starting to show relative strength.

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Insights from the portfolio

$ETSY Etsy Inc Deep Dive and 20204 Outlook

The marketplace for handmade goods is changing, but not in a good way for the stock

stocksmarts.substack.com/p/etsy-etsy-inc-deep-dive-and-20204

Video of the day

Today’s video is on AirBnB $ABNB the short term rental marketplace.

Deep dive of the day

NIO Inc $NIO Deep Dive – Investment Literacy Coach

blog.mukundmohan.online/index.php/2024/08/07/nio-inc-nio-deep-dive

Good setups for swing

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