Hello mooers!
As September 2024 comes to a close, we take a moment to reflect on a tumultuous month marked by significant market volatility and pivotal economic events that shaped trading strategies and decision-making within our dynamic community. From Nvidia's somber guidance that triggered a downturn to the eagerly awaited Federal Reserve rate cuts and the positive surge in Chinese stocks following policy stimuli, mooers ...

Forward order: Clubhouse summary. From the closing volume yesterday, we closed at the high level of 5640-5650 in my system budget, so this trend will continue. Next week, we will try a new high of 5670-5700. This position has relatively heavy pressure, but if it breaks through, it will immediately force a short squeeze to the 5720-5750 level before stopping. Then, there will be a relatively large pullback in mid-September, with the target still at QQQ 450 as the first step. Nvidia's performance this time has actually exceeded expectations, plus a $50 billion buyback, but everyone's expectations are too high. My system's target is still around 137, but it is better to lower the price a bit to give us some margin profit. I won't consider the common stock at 120, I will only sell put options below $100 every week. What should we buy in September if we're afraid of a pullback? The utility sectors I recommended a few months ago, VPU and XLU, are both good choices. If telecommunications stocks have a pullback, you can buy a bit of VZ at around $39 for a 6% dividend. I will continue to accumulate PFE at 28, with a 5% dividend, and hold it until 34. The short-term trend of the stock market is still on the rise. In the long run, I mentioned on Clubhouse why I think we will experience a market decline similar to 2008 by the end of next year. If you have time, you can listen to it. The guest teacher this week shared some exciting insights and brought many potential stocks and Bitcoin analysis. Our Clubhouse is getting better and better. Every week, the live and recorded sessions together have more than 20,000 people. After the stock market section, I will add an entertainment topic for everyone, bringing some travel and food culture. Thank you all for your support. Have a great weekend.