Tech(ing) a breather Tech stoc-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Tech(ing) a breather

Tech stocks have performed admirably well towards the end of last year. And they carried the indexes along with them especially names such as Microsoft and Apple which carry such heavy weightings in the indexes, where they go, the indexes follow.

As such I make it a point to follow them closely so as not to get bamboozled. The other reason is that I believe tech will do well going forward in the long run. In the short term, I think they are a bit long in the tooth though. The technical patterns indicate they are in the last stretch of the ongoing wave upwards. These patterns do have the trend on their side though and they can still stretch especially on momentum. And momentum is on their side despite the overall pattern.

As such I believe the market still might buy the dips and if the market bottoms and rally upwards into the end of the month, I will take that with caution and sell into strength or possibly even lay on the hedges.

I believe better prices are ahead towards the middle to late part of the year for a buy and hold approach.

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! 😊

$NVIDIA Corp(NVDA)$

$Advanced Micro Devices(AMD)$

Tech Stocks Pullback: What's Next?

After the start of the new year, tech stocks came under pressure, with IXIC dropping by 1.63%. NVDA witnessed a 2.73% decline, Meta fell by 2.17%, and both MSFT and AMZN experienced a drop of over 1%. ------------- Where might tech stocks pull back to? At whar price will you add tech stocks?

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.

Comments

JackPowell
01-08
JackPowell
Tech stocks have been on a wild ride lately, and it's important to keep a close eye on them. I agree that in the long run, tech will likely continue to perform well. However, I do think that in the short term, they might be getting a bit tired. The technical patterns do indicate that we might be in the last leg of the upward wave. But hey, momentum can really stretch things out! Overall, I agree that caution is necessary, especially if the market rallies and presents an opportunity to sell into strength or hedge. Let's wait for better prices later in the year for a buy and hold strategy. Thanks for sharing your thoughts and remember to do your own due diligence! Stay safe and keep that sense of humor intact! 😄📈
LesleyNewman
01-08
LesleyNewman
Funny! I'm riding the tech wave too! 🚀📈
LEESIMON
01-09
LEESIMON
🩷Good

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Hope it helps!</p>\n<p>Stay safe! 😊</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;</p>\n<p><br></p>\n<p>&nbsp;</p>\n<p><br></p></body></html>","text":"Tech(ing) a breather Tech stocks have performed admirably well towards the end of last year. And they carried the indexes along with them especially names such as Microsoft and Apple which carry such heavy weightings in the indexes, where they go, the indexes follow. As such I make it a point to follow them closely so as not to get bamboozled. The other reason is that I believe tech will do well going forward in the long run. In the short term, I think they are a bit long in the tooth though. The technical patterns indicate they are in the last stretch of the ongoing wave upwards. 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