Options777
14:38

Stretching out the chart for $S&P 500(.SPX)$  $VanEck Semiconductor ETF(SMH)$  $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , the current dip is a minor pull-back and shaking out those who are panicking after the 3 months of all time highs.


The sell-in-may event this year got postponed till mid June because of the Iran war and the world cup. Big boys traders are taking a delayed summer break now thus the money flow is mainly algorithmic by the market makers.  I expect to see more catalysts coming in late July onwards and hopefully we will resume a bullish trend towards mid terms.

Rate Repricing and Memory Crash Slam Markets: Risk-Off Here?
Nasdaq plunged 3.29% and SOXL cratered 23%, caught in a double blow from Fed rate repricing and a memory sector meltdown. Yesterday's hawkish FOMC shockwaves linger. Another violent rebalancing in the "software-to-hardware, growth-to-value" rotation underway since last week, with even the strongest memory crowded trades beginning to unravel. As rate expectations and sector liquidation resonate, will you cut exposure across the board, or hunt for hard assets in the selloff?
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

We need your insight to fill this gap
Leave a comment