Another 25bp Rate Cut! What's next for the market?
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韭菜变主力
joined discussion · Nov 7 02:23
$Advanced Micro Devices (AMD.US)$ Tomorrow Fed meeting. Agre...
$Advanced Micro Devices (AMD.US)$ Tomorrow Fed meeting. Agressive buying on pull back. Use NVDA to hedge tactically. Trend can’t last forever. There must be valuation constraint.
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Too : There will be three months of downward space ahead.
Amina B : I thought its on Friday
韭菜变主力 OP Too : Yes, it’s possible if the rebound can’t hold. Prepared with tectical hedge and trading.
韭菜变主力 OP Too : By the way, NVDA is 36 times PE. AMD is 27-30 times. If NVDA drops, SPX will likely drop as well. Technically, AMD is very tricky and risky.
韭菜变主力 OP Too : The volume distribution and moving averages are all very bad for AMD.