Hi all! I believe today is the reversal of the bull run and start of the market correction from ATH if we have another red day tomorrow and end the shorten week in red. I advice all to trim and take profit for most long positions as well as buy some Cboe Volatility Index (VIX) options to gain from the correction. I believe the bull run will be intact though l expect a pullback of at least 15-20% from current price levels. Might be a good time to do some shorting on overextended or over brought stocks like chip makers or chip designers. My favorite shorting stock is the grossly overvalued ARM. Also a good opportunity to buy the dip of any value stocks to benefit from the strong end of this stock year which l predict will surpass 5500 level for S&P 500. Huat Ah for everyone!$ARM Holdings Ltd(ARM)$ Bearish $VIX 20240522 15.0 CALL$
Modify on 2024-03-27 14:50
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- Bodoh·03-27Thanks. I bought some nice shorts on LULU 🤭LikeReport
- AugusMax·03-27Thanks for sharing your thoughts!LikeReport
- JimmyTurner·03-27Huat ah!LikeReport