What to do before FOMC⁉️ Bitcoin Running high ⁉️ GOOGLE | NVDA | TESLA | SMCI | ORACLE | PDD | ALIBABA
$Bitcoin (BTC.CC)$ finally broke 60k and is heading to 61k and hopefully it stabilizes there for a while so that we can see some great run up before the FOMC Meeting🔥
‼️What to do before FOMC Meeting tomorrow🤔🤔🤔⁉️
Everyone is expecting at least 25bps or even 50bps to be announced during the FOMC meeting so the market prediction or what we called the “market gambling desire” is there. In my opinion, either one announcement will lead to insane volatility, market will mess with the market direction for awhile🫠
✅ Better don’t touch option before the meeting, IV crush will kill you🤣
✅ If you are having alot of stocks at the moment, try to lock some profits from your stocks. For me, I’ll take at least 50% profits from my $Bitcoin (BTC.CC)$ $iShares Bitcoin Trust (IBIT.US)$ while holding $NVIDIA (NVDA.US)$ but if NVDA can reach 120-122 before the FOMC meeting, I’ll reduce 25% position from my NVDA too‼️ As I don’t want to expose too much risk before FOMC.
$Alphabet-C (GOOG.US)$ $Invesco QQQ Trust (QQQ.US)$ For these 2 quality stocks, I’ll just hold‼️
✅ Also, I’m shorting some stocks as a hedge with tight stop loss setting‼️
➡️ $Oracle (ORCL.US)$ is having a very strong technical, so yesterday I closed my Oracle short position at break even ✅ Don’t really recommend to short this at the moment unless market really fell down hard 🤣
▶️ $Tesla (TSLA.US)$ my current average price is 233 but please take note that 10/10 Robotaxi is coming but I think it might already have been priced in so I’m betting if index fell hard after FOMC, Tesla for sure will be falling off a cliff‼️ However, if index goes strong, I might cut loss, so i set my stop loss at 240‼️
➡️ $PDD Holdings (PDD.US)$ I am shorting this Chinese stock with an average price 99‼️ Hard to break above 100-105 resistance🥲
➡️ $Alibaba (BABA.US)$ I am not sure but based on technical, Alibaba has a very weak technical…As long as Alibaba doesn’t make it to 90, I think Alibaba will still run in between 68-85 and the current price is 85, therefore I’m trying to place a short at this 85 price‼️
$Super Micro Computer (SMCI.US)$ since the 10-K filling did not make it in time. So I have closed my long position on SMCI at break even and turned to place a short with a stop loss!! 465-470 will be my stop loss point‼️ Based on technical, index is considered moderate green today but SMCI is still red…so that normally means if tomorrow index fell off a cliff, SMCI for sure will drop at least 5-8% for sure..However, if index goes to the opposite, I don’t think SMCI will run that high though unless CEO comes out with their 10-K filling ot at least some clear announcement anout their financial report is being made up by the CEO‼️
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‼️ Swing Trade + Long Term Holding‼️
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