J_M_RIN commented on a stock · Oct 5, 2024 20:38

Steel mentor's room ( ຶ- ຶ)✨

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$

Regarding SOXX, I personally find it promising that the 20MA and 50MA have made a golden cross, and especially that the 20MA is trending upwards.

In terms of sentiment, bouncing back from around RSI 45, currently RSI near 60 does not seem too overheated, giving a positive impression ✨

The ViX has slightly fallen below 20, considered high level above 20, so if it continues to calm down and decrease, the stock price should stabilize and rise.

Although the put-call ratio has slightly increased, it is positioned at a low level, so we will observe if it will continue to zigzag in the low range and stabilize into a steady uptrend.

The safe haven figures have suddenly reached high levels, as safe assets like gold are favored due to Middle East issues, and the inflow of funds into the US dollar from the strength of the USA economy seems to have triggered the increase in the values.

This year, the period with high values of safe assets is longer, but the stock prices have been steadily increasing since the beginning of the year. I believe that when all uncertainties are removed, the true risk-on sentiment will emerge. Therefore, I maintain the awareness that even though stock prices are doing well, optimism and FOMO are still a long way off.

I have been using the copper price as a leading or lagging indicator for the semiconductor index. It has been performing well since the 20MA Golden Cross, and is currently forming a cup and handle pattern. Given the expected breakout, I think it's a bullish sign for the semiconductors.

The NAIIM index, which institutional holdings are converted into an index, is currently at 86.93 and has been flat since last weekend. Institutions are maintaining a bullish stance. Last week, I mentioned the possibility of institutions maintaining a bullish stance for a long period if the outlook is good, and so far it remains bullish, so I will continue to monitor it.

It has risen by 0.29p since last week, so it is slightly bullish now. As long as institutions maintain a bullish stance, we can expect a stable market, making it an important indicator! ❗

Regarding the weekly candlestick chart of USD/JPY, even if it rises, I see 150-151 yen as a tentative target, and I thought it would swing to a stronger yen and weaker dollar afterwards. However, it has become difficult to make financial estimates due to the results of the employment statistics. Although I considered a certain degree of retracement due to the sudden rise in the dollar, the economic indicators are stronger than expected, making it currently difficult to predict.

Based on the above...

Escape to safe assets can also be seen, but institutions continue to be bullish, so there is a possibility of creating a stable uptrend. I expect and hope for a continuation of the Goldilocks market conditions, with a gradual increase in stock prices.

I previously mentioned why the Federal Reserve prefers the Goldilocks market conditions, but to carefully monitor the risk of inflation resurgence, it is important to maintain a rapid increase in stocks. This could lead to heightened consumer spending by the American population, potentially disrupting the balance of supply and demand. Therefore, I hope for a sustained, gradual increase in stock prices over the long term.

Please only consider what you find useful, as these are my own thoughts.

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株ドリーム : Don't worry about replying to the comments below. It's just a soliloquy...

An analysis that makes you fall in love. I have a relationship where I go to bed early and get up early like an elementary school student, and the rhythm with the real-time US stock market doesn't match, so I'm refraining from investing.

However, using J_M_RIN's analysis as a navigator, I am tempted to ride this ETF...
An unshakable mentality only comes from thorough analysis. If everyone, myself included, doesn't take an apprenticeship...
(There are many people in this investment community to learn from.)
(Using copper prices as leading or lagging indicators... certainly...)

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J_M_RIN OP 株ドリーム : Let me just say thank you Thank you for reading

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株ドリーム J_M_RIN OP : Don't worry about replying to the comments below.

I reread it 4 times.

I am a narrow-minded person who makes investment decisions centered on financial statements for individual stocks.

I feel that it is necessary to emulate thinking like J_M_RIN that narrows down investment decisions from a broad perspective.

For example, I'm a small to medium business owner who thinks that if my daily life is good, that's fine. J_M_RIN is a large company owner or politician who can draw big pictures. (However, there are many large-scale people, even small to medium business owners.)

It's not that I'm flustered.
I think I must follow J_M_RIN's example and change myself so that I can expand my framework of thought even larger.

That's all, I really don't need to comment back.

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株ドリーム : Additional soliloquy

At the end of last month, I introduced the moomoo app to someone I'm on good terms with. Even though no account has been opened, there is plenty of useful content, including this investment community. There is a lack of awareness of MOOMOO Securities because it is a short time since full-scale start, such as when handling mutual funds has finally started. However, since it is free and beneficial, the speed of expansion in the individual investment community is fast. I think new investment influencers will be born from here...

(I feel that it makes much more sense to use this investment community to gain knowledge on your own than to learn at a bad investment school.)

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J_M_RIN OP 株ドリーム : Everyone is at a high level, the community hereI'm also digesting the opinions of various people and digesting them New information and news are coming in fast

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J_M_RIN

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