Weekly Review of the U.S. Stock Market (January 3): Tightening Monetary Policy Expectations Weigh on Major Indices, S&P Faces Directional Decision, Cryptocurrencies May Have Completed Bottoming; Four Major Indices / Seven Tech Giants / Netflix / Taiwan Semiconductor / GEV / Gold / Bitcoin / Ethereum

I. Major Indices: (1) The S&P 500 SPY closed near 681 for three consecutive months with increasing volume. The index is approaching a convergence point and will soon choose its direction. (2) The Nasdaq 100 QQQ underperformed relative to the S&P, facing resistance at the October gap level, and has reached a convergence point. (3) The Dow Jones DIA exhibits strong technical performance, continuing within an upward channel. (4) The Russell 2000 IWM has touched the volume control point (orange line) and temporarily found support.

II. Popular Stocks: (1) NVIDIA NVDA continues to consolidate, temporarily facing resistance at the upper edge of the value range; (2) Insufficient demand for Google GOOG at higher levels, may break below the uptrend channel; (3) Tesla TSLA retests the volume control point in the range (orange line), watch for support from the uptrend line; (4) Apple AAPL transitions from an uptrend to a sideways trend; (5) Microsoft MSFT's rebound may have ended and it could resume its downtrend; (6) Amazon AMZN is moving towards a narrowing wedge, facing a directional decision; (7) META’s rebound after bottoming out has been obstructed, potentially signaling another wave of decline; (8) Netflix NFLX continues on a downtrend; (9) Taiwan Semiconductor TSM breaks upward out of the consolidation range, monitor subsequent pullback; (10) GEV's pullback after breaking through may be complete, a buying opportunity might have emerged.

III. Major Asset Classes: (1) After breaking through the sideways range, gold retraced to the upper edge of the value range. Monitor whether this week’s sharp drop was a shakeout. (2) Cryptocurrencies broke upward from the bottom convergence position, suggesting that bottoming may be complete.

$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $NASDAQ 100 Index (.NDX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Dow Jones Industrial Average (.DJI.US)$ $State Street® SPDR® Dow Jones Industrial Average® ETF Trust (DIA.US)$ $Russell 2000 Index (.RUT.US)$ $iShares Russell 2000 ETF (IWM.US)$ $Roundhill Magnificent Seven ETF (MAGS.US)$ $USD (USDindex.FX)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $XAU/USD (XAUUSD.CFD)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Bitcoin (BTC.CC)$ $BTC/USD (BTCUSD.CC)$ $Ethereum (ETH.CC)$ $ETH/USD (ETHUSD.CC)$ $iShares Ethereum Trust ETF (ETHA.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Meta Platforms (META.US)$ $Amazon (AMZN.US)$ $Alphabet-C (GOOG.US)$ $Microsoft (MSFT.US)$ $Apple (AAPL.US)$ $Netflix (NFLX.US)$ $Taiwan Semiconductor (TSM.US)$ $GE Vernova (GEV.US)$

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