Wolf King 7/15 review
Wolf King 7/15
Buy on dips, not recommending short positions. Let the bullets fly for a while, don't catch falling knives.
Index:
SP500 falls below the thirty-minute GMMA.
Currently, the large cap is declining in line with the trend, with a short-term adjustment that is not expected to be particularly large because many sectors are still struggling. However, the large cap is close to the resistance, and there is not much room for both short and long positions. It is best to wait.
UVXY is still in a bottom consolidation phase, waiting for opportunities in the $24-26 range.
QQQ is undergoing a small adjustment, and it is best to wait for a pullback to $350 before bottom fishing. It is very likely that the decline has not finished yet.
The Dow Jones Index is strong today, but it is also at a high level. Do not chase after more gains. Wait for a pullback to 34,676, or even better, 34,256.
The Russell Index is very weak and the support is not an indication of stability, so it is not suitable for entry. There is still a possibility of a further decline tomorrow or the day after. Only when it reaches $211 will it be a good time to enter and bottom fish in the Russell sector.
Gold, exit when it falls below $1809.
Consider entering the crude oil market only when it reaches $69.
Stocks:
NVDIA's current position is very dangerous, and it may at least touch around $710.
Enter Amazon at around $3525.
APPLE is not suitable for going long or short.
TSLA retraces to $640, not recommended to go long, may form a W bottom, consider entering at $620-615.
Chinese concept stocks are doing well. Stop loss for BABA is $211, stop loss for BIDU is $177.66.
Consider going long on BA at around $212-$213. The downside is limited, and it has been consolidating for a long time, making it easier to push up.
LUV is in the middle of a parallel channel, not recommended to go long. Wait for a retracement to around $50 before entering.
CCL touched bottom and rebounded temporarily today. Those who hold can continue to hold, but there is still a possibility of further downward adjustment. Strictly stop loss if it falls below $21.37.
CREE may hit the bottom, but it's better to wait for the second or third wave, around $81.
MU, a slightly good entry position is at $74 for an investment of about two months.
AMC is not recommended to chase. The first target is $39.5, and stop loss if it falls below $27.5.
Wish has a support at $9.62, stop loss and exit if it falls below $9.46.
SoFI has a support range of $15.6-$15.7, exit if it falls below $15.37.
Summary: The large cap market is not very clear, it is not recommended to bottom fish with a large position, but it's okay to lay out a small position. Do not chase the overbought technology sector stocks.
Lurel Zhen
Buy on dips, not recommending short positions. Let the bullets fly for a while, don't catch falling knives.
Index:
SP500 falls below the thirty-minute GMMA.
Currently, the large cap is declining in line with the trend, with a short-term adjustment that is not expected to be particularly large because many sectors are still struggling. However, the large cap is close to the resistance, and there is not much room for both short and long positions. It is best to wait.
UVXY is still in a bottom consolidation phase, waiting for opportunities in the $24-26 range.
QQQ is undergoing a small adjustment, and it is best to wait for a pullback to $350 before bottom fishing. It is very likely that the decline has not finished yet.
The Dow Jones Index is strong today, but it is also at a high level. Do not chase after more gains. Wait for a pullback to 34,676, or even better, 34,256.
The Russell Index is very weak and the support is not an indication of stability, so it is not suitable for entry. There is still a possibility of a further decline tomorrow or the day after. Only when it reaches $211 will it be a good time to enter and bottom fish in the Russell sector.
Gold, exit when it falls below $1809.
Consider entering the crude oil market only when it reaches $69.
Stocks:
NVDIA's current position is very dangerous, and it may at least touch around $710.
Enter Amazon at around $3525.
APPLE is not suitable for going long or short.
TSLA retraces to $640, not recommended to go long, may form a W bottom, consider entering at $620-615.
Chinese concept stocks are doing well. Stop loss for BABA is $211, stop loss for BIDU is $177.66.
Consider going long on BA at around $212-$213. The downside is limited, and it has been consolidating for a long time, making it easier to push up.
LUV is in the middle of a parallel channel, not recommended to go long. Wait for a retracement to around $50 before entering.
CCL touched bottom and rebounded temporarily today. Those who hold can continue to hold, but there is still a possibility of further downward adjustment. Strictly stop loss if it falls below $21.37.
CREE may hit the bottom, but it's better to wait for the second or third wave, around $81.
MU, a slightly good entry position is at $74 for an investment of about two months.
AMC is not recommended to chase. The first target is $39.5, and stop loss if it falls below $27.5.
Wish has a support at $9.62, stop loss and exit if it falls below $9.46.
SoFI has a support range of $15.6-$15.7, exit if it falls below $15.37.
Summary: The large cap market is not very clear, it is not recommended to bottom fish with a large position, but it's okay to lay out a small position. Do not chase the overbought technology sector stocks.
Lurel Zhen
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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