30 SEP 2023: continue to remain on the sideline for US Tech stocks for me
@Hopehope赋予希望:
I am not saying that the markets cannot go up. If you look at what happens, Nasdaq 100 futures went back up after dipping below 14700 before staging a comeback to above 15070 this week. But how did it close by the end of the bell on Friday? It ended below 14900 and closed around 14891. The slight gain from the low of the week at 14600 plus to this level does not mean market has found back the confidence. Sentiment wise there is this possibility that it could always break the level of 14600 and then move down further. Let's take a look at core pce which was not over forecasted number. The markets did initially run up as per what was mentioned earlier, having hit above 15k but it subsequently came down within the first 2 hours of trading. In comparison, hang Seng tech index which seems to be