Hahajoy
2022-10-22

$NASDAQ(.IXIC)$The stock market rally today, and also give a rally sign on weekly chart. So we will expect the market get more chance to continue this rally.

The investors are confident to chase this rally because the company earnings not bad, and the price is much cheaper than the beginning of this year. 

Please remember the bear market is not done yet since there's no clue when the inflation will be controlled. However, it's an opportunity for short term investors to get money from this rally.

As I mentioned, $Tesla(.tsla)$ is worth to buy,  also semiconductor section will be stronger than other sections (but not hold too long). 

Another area we can focus on is China section, because the 20th meeting will be done at this weekend, I will expect a more comfortable environment for business since polite pressure turning down. If so,  it will be a good timing to chase $.Baba$, $.JD$, $.LUCKIN$, $.NIO$ etc.

The economy data we will keep in mind are:

Mon: Manufacturer PMI

Tue: consumer confidence index

Thu: jobless claims

Fri: PCE price index

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Comments

  • JC888
    2022-10-22
    JC888
    International funds flowing back into Chinese stocks and Retail investors going bak into Chinese stocks are 2 vastly different scenarios. Especially now when relations betw both are at an impasse. Just sayin..
    I won't dump Ltd resrc into a sinking hole not unless int"l funds go back in. Unlikely though.. U only need to witness AAPL is pivoting or attempt to pivot manufacturg away from China..
    • HahajoyReplyJC888
      appreciate your heart. yes short term mentioned in the post. discussion always welcome.
    • JC888ReplyHahajoy
      Short term mentioned or implied? Am worried becos dun know if there are any or many newbies reading our postings leadg to misinformation?? If short term mentioned apologies?
    • Hahajoy
      agree but my suggestion is just for this short term rally, not long term turning. sometimes challenge is also opportunity. It must be an enter opportunity if China changes the current covid policy.
  • lowmy
    2022-10-22
    lowmy
    Hopefully Fed won't kill the rally
  • xiaobaii
    2022-10-22
    xiaobaii
    like & comment
  • Reds2007
    2022-10-22
    Reds2007
    Ok
  • bullrun
    2022-10-22
    bullrun
    👌
  • Yasmine
    2022-10-22
    Yasmine
    k
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