To The Moon

Sharing my US Trading Plans for July 25-29$Tesla Motors(TSLA)$$Apple(AAPL)$$BioNTech SE(BNTX)$

On this 1st trading day of the week ahead of the all-important 📰 release-US rate rise announcement on 27/7 (Wed) & the GDP data release on 28/7 (Thu), the STI closed with a minimal decline of 0.03%. All 3 indexes on the ASX had a minimal decline of less than 0.1%. 3 of the 4 indexes declined between 0.22-1.38%, with only the HSCCI in positive ground at 0.42%. All 4 China EV stocks (BYD, Xpeng, Nio, Li Auto) declined between 0.56-6.42%, suggesting that these 4 EV stocks are likely to face a dip in the US market later tonight.

Despite other markets trending lower & the mini sell-off in the US market last Friday, the E-mini Nasdaq-100 is surprisingly up by 0.23% & the E-mini S&P 500 is up 0.35% (at 9am New York Time)

RATE RISE EXPECTATIONS: Most analysts (98 out of 102) believe it will another 75 basis point increment.

FORECAST ON GDP: The Atlanta Federal Reserve’s latest GDP estimate for real Q2 GDP growth on July 19 showed the economy likely shrank 1.6% last quarter. If realized, this decline would mark the 2nd-consecutive quarter of negative economic growth, affirming that the economy has entered a recession. However, analysts from JPMorgan expects annualised GDP growth to increase by 1%. Given that the market can go either 🐂 or 🐻 after 27 & 28 July depending on what is the ACTUAL real GDP growth, my trading plan is to:

(1) Trade TQQQ-SQQQ accordingly from 25-28 July.

(2) If the market signals recovering after the major economic announcements on 27-28 July, I will grab any bargains for my favourite stocks on my watch-list TSLA, GM, F, APPL, GOOGL, QCOM, MSFT, AMZN, TSM, PFE, BNTX, & MRNA. EV, TECH, & PHARMA-BIOTECH are my top picks 🤩😍

(3) If the market signals a recession, I will continue trading TQQQ-SQQQ & look for other leveraged ETFS to trade in to maximise my profit gains & to avoid buying stocks in their downward trend.

Any 🐯🐯🐯 looking at the same stocks & ETFs as me? Any other stocks or ETFs to recommend me? Would love to hear your thoughts, so please get busy commenting below!

As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

Source websites: Federal Reserve Atlanta, Bloomberg, & Reuters. 

@Daily_Discussion@TigerStars@CaptainTiger@MillionaireTiger