Hi all! My opinion is that today will be a great time to sell into the third day rally. I am rotating out of chips AI play myself. My long positions are all non chips play like SEA, Palantir and Tesla. Stocks which l believe to be able to stay strong even under a market correction, especially SEA and Tesla as they are rallying from a recent low with good reasons.
My view is that a correction is coming for the market and though l am surprised at the earnings season buying strength, l will not be buying into this dip just yet. In fact, l will be looking for trading opportunities to short ARM with 1-2 weeks long put options at the strike price of around $100. I believe a reversal tonight with economic data and three mega tech companies reporting tomorrow is very possible. May everyone who is with the market Huat Ah!
Modify on 2024-04-24 18:06
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- CynthiaVogt·04-24Your analysis is solid and relevant.LikeReport
- bostonxsgp·04-24k1Report
- Barcode·04-24Thanks Jo 👍1Report