Index level:
I would avoid chasing strength after record highs. Momentum is extended and flow-driven. Prefer buying only on pullbacks into support and taking profits quickly. If volatility compresses, range trading beats directional bets.
Big Tech positioning:
Alphabet: Relatively resilient. I would consider adding on weakness not tied to fundamentals.
Apple: Defensive relative play. Comfortable holding, but not chasing.
Amazon and Microsoft: Stay cautious. CapEx repricing likely not finished.
Meta: Trim into rallies rather than add.
Tesla: Trading vehicle only. Treat bounces as sell opportunities.
Risk mindset:
Smaller size, defined risk, and partial cash. The easy upside is behind us. I would let price come to me rather than force trades.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
