富路途
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Today's non-farm payroll data fell short of expectations, once again confirming the bizarre logic of "bad employment news is good news for the stock market".
However, I am more worried. On one hand, the S&P and Nasdaq are both close to the lower edge of the gap. S&P $SPDR S&P 500 ETF (SPY.US)$ is only two points away from the gap. Therefore, at this price level, I choose to partially take profit and sell. If it continues to approach the gap tomorrow, I will continue to sell.
If it continues to rise and fill the gap, then I will just buy back. The gap is only two points, less than a 0.5% increase, it's not a big deal if I miss it. On the contrary, if it falls back under pressure at the gap, the pressure on the support level will be even greater. September, the worst month for the stock market, is approaching, and the future trend will become unpredictable.
On the other hand, institutional and individual investors often have conflicting views, with individual investors falling short of expectations, while institutional investors may be surprising.
Either the institutional employment figures will be outstanding, and the recent gains will evaporate. Or if the employment figures plummet, the voices of recession will resurface, which is also not good for the stock market. The best scenario is to meet expectations or slightly below, indicating a slowdown in employment, the end of rate hikes, a soft landing for the economy, and continued growth in the stock market.
I sold shares of Tesla and NVIDIA today. If they fall later, I will buy them back.
$Tesla (TSLA.US)$
$NVIDIA (NVDA.US)$
I previously considered an investment strategy, as mentioned before, specific details will be kept secret for now, but previously...
However, I am more worried. On one hand, the S&P and Nasdaq are both close to the lower edge of the gap. S&P $SPDR S&P 500 ETF (SPY.US)$ is only two points away from the gap. Therefore, at this price level, I choose to partially take profit and sell. If it continues to approach the gap tomorrow, I will continue to sell.
If it continues to rise and fill the gap, then I will just buy back. The gap is only two points, less than a 0.5% increase, it's not a big deal if I miss it. On the contrary, if it falls back under pressure at the gap, the pressure on the support level will be even greater. September, the worst month for the stock market, is approaching, and the future trend will become unpredictable.
On the other hand, institutional and individual investors often have conflicting views, with individual investors falling short of expectations, while institutional investors may be surprising.
Either the institutional employment figures will be outstanding, and the recent gains will evaporate. Or if the employment figures plummet, the voices of recession will resurface, which is also not good for the stock market. The best scenario is to meet expectations or slightly below, indicating a slowdown in employment, the end of rate hikes, a soft landing for the economy, and continued growth in the stock market.
I sold shares of Tesla and NVIDIA today. If they fall later, I will buy them back.
$Tesla (TSLA.US)$
$NVIDIA (NVDA.US)$
I previously considered an investment strategy, as mentioned before, specific details will be kept secret for now, but previously...
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富路途
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Hey moo-ers,
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$Futu Holdings Ltd (FUTU.US)$
Are you one of our loyal moomoo figurine collectors?
If you are, you’re gonna be really excited about this week’s launch on Rewards Club! Our Bull Market figurine(13,888 points) launches on 19 Aug (Friday) at 10:00am !
Hands up if you’re planning to add this cute little fella to your collection!
Click here to view all our exciting slew of rewards on Rewards Club.
$Futu Holdings Ltd (FUTU.US)$
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富路途
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1. Energy and medical health sectors led the gains in today's market. Oil prices have moved away from the downtrend, with short-term demand for rebounds. The height of the rebound will depend on the situation, so set the profit-taking level closer. $Energy Select Sector SPDR Fund (XLE.US)$ $Exxon Mobil (XOM.US)$ $Direxion Daily Energy Bull 2X Shares ETF (ERX.US)$ $The Health Care Select Sector SPDR® Fund (XLV.US)$ $Direxion Daily S&P Biotech Bull 3x Shares ETF (LABU.US)$
2. The large cap market is currently in consolidation. Although the bulls have not maintained their strength, the bears are even weaker. There are no signs of downward pressure, any intraday declines will be quickly pulled back. The outlook remains bullish. UVXY is so weak that it has no friends, which indirectly proves the strength of the large cap market. $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$
2. The large cap market is currently in consolidation. Although the bulls have not maintained their strength, the bears are even weaker. There are no signs of downward pressure, any intraday declines will be quickly pulled back. The outlook remains bullish. UVXY is so weak that it has no friends, which indirectly proves the strength of the large cap market. $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$