✨ Steel Mentor's Room ✨
The NAAIM index, which shows institutional positions, only decreased by about 0.8 from last week and is still maintaining a bullish position at 86.64.
During periods when institutions are bullish, it creates a stable market that is less likely to decline and is cheap, so it is essential to observe whether the figures will continue to decline in the future.
The put-call ratio continues to decline, and now that it has reached a low level, what we need to pay attention to is whether the market will become stable at this low level or become more volatile. Before the rate cut, uncertainty was strong, and the options market was volatile and unstable. However, with reduced uncertainty, currently, it is believed that the put-call ratio is unlikely to form high peaks like a tall sword mountain, and the market will be more stable than before.
The safe haven (safe assets) figures have slightly decreased and are currently neutral. Last weekend, I expected that there would be no extreme risk-off, and it is still not extremely risk-on but neutral. I believe that the risk-on mood is yet to come, so I will be bullish on stocks, cryptocurrencies, and other risky assets.
ViX rose slightly yesterday, and recently both fundamentally and in terms of stock price movement, it may not be strange for ViX to fall, but it has become less likely to decline due to the slow unwinding of ViX short positions. If the stock price was sluggish due to ViX's rise, then I think it is a buying opportunity.
ViX shorts were unwound all at once on August 5, then rebuilt, and have been gradually unwinding since ViX started to rise and fall at the beginning of September. I expect that once the unwinding is mostly completed, ViX will start to decline significantly, providing a tailwind to the stock market. ✨
The original index SOXX is still heavily influenced by l and extremely bullish, wondering if institutions are positive about semiconductors in the medium to long term?
Copper seems to have formed a cup once on the daily chart and is considered near the top based on the RSI...
On the weekly chart, with the MACD golden cross imminent, it is expected to be sideways or slightly downward on the daily chart in the medium term.
We will maintain a very bullish stance on buying when it comes to semiconductors and cryptocurrencies-related assets.
TSLL, just hang in there no matter what‼️
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J_M_RIN OP : Regarding the USD/JPY, I think it is appropriate to see a weaker yen and a stronger dollar in the medium term, so for about 1-2 weeks, if there are events such as a stronger yen and a weaker US stock market, I see it as a big opportunity for converting dollars and additional investments.
Tamago2000 : Now is the time to endure! Thank you.
J_M_RIN OP Tamago2000 : Depending on the investment style, if it is medium to long term, it can withstand, but if it's short term, it's hard to read, and if institutions suddenly shake up and down, there is a risk of getting burned whether you jump on either side, so I cannot recommend it.That's the feeling