September 14, 2024, MtD +2.82%, waiting for FOMC.
The satellite was positive this week, but it is still negative since the beginning of the month. I'm nervous because there is also FOMC next week. The current PF of the satellite is as follows:
There is no significant movement just adjusting the sector ETF. If there is a major adjustment at the next FOMC, I would like to buy QQQM on dips. Although it feels like a failed entry for individual stocks in the Tech sector, I think there will still be a rebound from here, so I have placed sell orders with a trailing stop of 20% for ARM, CDNS, MU, and JMIA.
This is how the sector ETF looks like.
I sold XLP and increased my position in SIL. Next week, I will sell XLRE and buy XLE.
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