To The Moon

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 oversold but having logged down from above 4700 all the way down to around 3800, made a sudden jump back up to around 3920. This was also the period from which I slowly acquired a position below 3900 and made a quick trading gain when it rebounded by around 4 percent on Friday. It was not a substantial gain but it allows me to enter the long weekend of Hong Kong with less risk into Chinese tech stocks since I already have a big position in Chinese tech stocks. With oil price jumping up above 90 usd, it makes me question if part of this is a result of China's demand since us economy is slowing down. Chinese tech stocks rebound definitely need to be supported by a strong rebound of its economy. Until then, for risktakers, their positioning is unlikely to be significant. China has to do more to spur consumer spending. If you look at JD stock price, the weakening share price structure could be a reflection of weak consumer demand. China can do more to help consumers. As always, this should not be construed as any investment or trading advice. $Tiger Brokers(TIGR)$ $XIAOMI-W(01810)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$