Next Level of War + BOJ raised Rate + Asian Market Sell off + Amazon Earning dragged down Nasdaq again‼️
There are several things that happened in these 2 days that offically dragged down Nasdaq to -10% from all time high, and yes, I am starting to buy the $Invesco QQQ Trust(QQQ.US$ ETF which is the Nasdaq Index ETF related. My another point to enter would be when Nasdaq hit 15% correction‼️
What has happened in these 2 days??🤨
1) Hamas's armed wing said Wednesday that the killing of its political leader Ismail Haniyeh takes the war with Israel to a "new levels," This is considered a sudden event that market has not priced in yet❌ So no matter what happened, market would just drop first to release the most possible risk ever.
2) BOJ suddenly raised rate has shocked the market which dragged down the entire Asian Market, Japan index dropped almost 6% which is insane.
3) Sentiment seems to be changing again. $Amazon(AMZN.US$ disappoint Earning may lead Nasdaq to another -3% today and today is friday, there is another data which will be released one hour before market open which is the Non-Farm Payroll and Unemployment Data.
My guess is if there is really a huge sell off like 3% down during pre market, I believe there might be a U-Turn during the market but the possibility is a bit low but all in all, today might be a huge sell off day so it may not be a bad idea to close your stock app to avoid any frustration or anxiety😎
Next week after today might be a good day‼️ Since all M7 stocks have already released their Earning and to be honest, not really that bad at all, especially $Meta Platforms(META.US$ and $Apple(AAPL.US$ $Microsoft(MSFT.US$
By the way, I have added some $NVIDIA(NVDA.US$ at 106 since I sold a portion of my NVDA yesterday at 118 so it’s good for me to average down my price. Also, I have added $Tesla(TSLA.US$ too at 216😁
All these are long term play. So any short term volatility, I need to be able to cope with🥹
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Ultratechman : speculation
10baggerbamm : what you did not mention and you're not factoring into the equation or margin calls and forced liquidations