$NVIDIA (NVDA.US)$ using SPY as headwind, it seems SPY is do...
$NVIDIA (NVDA.US)$ using SPY as headwind, it seems SPY is down almost 5% for the week. historically bad septembers in recent years is down up to 10%. so likely i would monitor if SPY is able to hold on 120MA. if it continues to decline, ill wait at 200MA. (which i think nvidia would be around 75-80ish by then.
checking on the volume wise, it seems huge funds are all rotating out particularly in the semi con and tech sectors. understandably as tech and semi cons have huge gains this year alone. so.. i would still buy at key levels but probably hve to buy prudently and reserve more safe funds for potential bigger dips. i would expect a sell off potentially similar or greater than the month of August. (it seems its more aggressive in a week compared to august).
game changer wise i would think that maybe FOMC we would have to see the market reaction. until the huge funds are back in, the sell off would continue until we find a stable support area.![]()
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checking on the volume wise, it seems huge funds are all rotating out particularly in the semi con and tech sectors. understandably as tech and semi cons have huge gains this year alone. so.. i would still buy at key levels but probably hve to buy prudently and reserve more safe funds for potential bigger dips. i would expect a sell off potentially similar or greater than the month of August. (it seems its more aggressive in a week compared to august).
game changer wise i would think that maybe FOMC we would have to see the market reaction. until the huge funds are back in, the sell off would continue until we find a stable support area.
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101586491 : U really do a lot of housework, to pass down so much information.
Ultratech : Last year we didn't fall until halfway through month and 4 day weeks suck usually anyway
Warren Buffed : Okay we folliw pootpoot guidance, tq
pootpoot OP Ultratech : well that was why last week ive been warning all megacaps, SPY showing bearish signals. and i guess i was right.. just unpredictable how deep it can go this time. more opportunity i guess![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Ultratech pootpoot OP : if they cut rates no knowing
Wall Street Raider : Objective & calculated..... Unlike some "i told u so" braggats.
AD999 : Really appreciate your updates! Does the same sentiment apply across all tech sector? Like apple, meta, broadcom, smci
102205868 (Tay) : I hope SPY next week can buy at 300$ per share.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")