More bad news?! 📰There might be a silver lining? ☁️

Hi all hope you are doing well in the trades or coping well in the loss or gain happy due to short.

Last week seems to be a voilatile and downtrending week after Trump's assassination attempt.

So more bad news? Let's look at the Macro's and some stocks for the day. Remember this is not a recommendation or Financial advice it is based on my own opinion.

There are several major highlights:

On Wed we see most of the the semiconductors are heading downtrend due to a news reporting of a China chip trade restriction which cause a madness to throw the prices down. Yes there were voilatility during that time. However, market sentiments had cause majority of the semiconductors to drop during that day and is one of the leading laggards. Personally I am getting a little cautious with semiconductors overall. If I wish to make a trade. I would thread lightly and think of it as a short term opportunity to trade during voilatility.

News to refer to on major headline below 👇👇

What does the chart says about next week?

I hate to break it to you bulls, but I am looking at a greater downtrend in the next 3 weeks unless there are signs of reversal. Referring to Nasdaq and S&P500 futures.

NASDAQ 🤖📱🔮

Similarly with the S&P 500 we would likely see another down trend to test support at 5400. If we do see it lesser impact compared to the NASDAQ, it is likely there might be a rotation play going on to move out of tech. If that holds true, S&P might impact lesser compared to Nasdaq.

The daily chart indicates that there was a gap that went down. Sentiments believe that there is a rebound and went back to close at 304. Warning note ⚠ : a long top wick indicates that there might be a downtrend on this company believing there might be more bad news ahead second indicator of a bearish 🐻 MACD. Trade with caution.

We may see prices at 290 again which is more bad news. Opportunities to hold and gap fill to 344 may take awhile.

Microsoft 💻🟦

Microsoft similar trend to crowdstrike, sentiments think is a kneejerk reaction and probably will fix it. However, there might be a further down trend similar to crowdstrike with MACD indicators heading down widening moving ocilators.

Prices may go below 430 to test support again this week.

Let's dive into my personal highlighted stock which I'm still holding HODL:

Looking at the 3 red candles below 👇 👇 I am preparing to see more downtrend ahead (I maybe wrong )

We may see it fall further to 105 to test more support at the weekly see weekly chart below. MACD indicates there is a bearish trend. Remember always see trend as an ally.

Personal opinion:

Personally I will continue to hold since is on cash and not on margins. If I see any reversal, I might top up to add more into NVDA but I have to tell myself be patient.

Alright with such a long discussion I will end my note and chill with a mishake at mixue. Hope this company will be public listed I would buy this company for its growth. 🥂

May your trades be ever in your favour.