NatYong
2023-07-12
👍//@Ultrahisham:

4250 vs 4500

It has been a while since I updated a sharing of my market positioning so here goes. The last time I gave my view on the general market, I mentioned that the market was in a state of euphoria. Well nothing much has changed with respect to that. However the market I believe is in a situation where it is digesting an expectation of higher rates ahead and probably getting comfortable with that and that in itself is good news for the market bulls. However let’s not get ahead of ourselves. The market risks still prevail and as such I am still positioned defensively with agility being key moving forward.

Technically, I believe the levels on the broad market index that pays paying attention to are the 4500 on the upper level and the 4250 on the lower level. If the market can break above 4500 and stay comfortably above, I believe the market blow off is still in progress and I would expect the market to continue marching to the 4800 levels on the manes of the favourite AI names. Break below 4250 and I would expect further weakness with a possibility of the local top being in and that would mean an even more defensive posture to protect positions.

All in all, the CPI numbers this Wednesday will probably decide the short term market direction. A hot number will probably temper the bulls and embolden the bears waking them up from their slumber. A cool number will fuel the bulls’ march and keep the bears at bay.

Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.

Thanks for reading my commentary. Hope it helps!

Stay safe!


$Semiconductor Bull 3X Shares(SOXL)$ 

$NVIDIA Corp(NVDA)$ 

$XPeng Inc.(XPEV)$ 

$NIO Inc.(NIO)$ 

$Tesla Motors(TSLA)$ 










@Ultrahisham：4250 vs 4500 It has been a while since I updated a sharing of my market positioning so here goes. The last time I gave my view on the general market, I mentioned that the market was in a state of euphoria. Well nothing much has changed with respect to that. However the market I believe is in a situation where it is digesting an expectation of higher rates ahead and probably getting comfortable with that and that in itself is good news for the market bulls. However let’s not get ahead of ourselves. The market risks still prevail and as such I am still positioned defensively with agility being key moving forward. Technically, I believe the levels on the broad market index that pays paying attention to are the 4500 on the upper level and the 4250 on the lower level. If the market can break above 4500 and stay comfortably above, I believe the market blow off is still in progress and I would expect the market to continue marching to the 4800 levels on the manes of the favourite AI names. Break below 4250 and I would expect further weakness with a possibility of the local top being in and that would mean an even more defensive posture to protect positions. All in all, the CPI numbers this Wednesday will probably decide the short term market direction. A hot number will probably temper the bulls and embolden the bears waking them up from their slumber. A cool number will fuel the bulls’ march and keep the bears at bay. Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts. Thanks for reading my commentary. Hope it helps! Stay safe! $Semiconductor Bull 3X Shares(SOXL)$ $NVIDIA Corp(NVDA)$ $XPeng Inc.(XPEV)$ $NIO Inc.(NIO)$ $Tesla Motors(TSLA)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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