Focus on winner or loser?
It's alway good to take profit on your winning stocks and cut loss for losing stocks if necessary. This short-term rally is likely to hit resistance again for S&P500 at 3,700.
The expected interest rates by end 2022 is 4.25 to 4.5%. The recent reported inflation is still red hot at 8.2% despite significant drop in crude oil and commodity prices. Hence, we might see a larger interest rate hikes from Fed to curb the ongoing inflation.
Best thing to do now is accumulate cash! Everything is about probability now, will the market go up or down? Nobody knows, but the expected probability of market going down is higher. Nothing is 100% like what we observed last Thursday.
Although the market will be highly volatile, I feel that there's limited downside and the potential upside will be higher once the interest rate start to drop. I'll still stay in the market with my remaining stocks and will accumulate whenever the VIX reading is high! What do u think? Do let me know your thoughts!!
Enjoy the rally while it lasts!
@Daily_Discussion @CaptainTiger @TigerStars @MillionaireTiger
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.
- ElvisMarner·2022-10-21Higher interest rates do nothing to ease inflation. Isn't it?LikeReport
- MortimerDodd·2022-10-21There is still too much inflation and no one can solve the problem.LikeReport
- BellaFaraday·2022-10-21I also think there's a lot of pressure around 3,700.LikeReport
- DonnaMay·2022-10-21The VIX is a great indicator. Thanks for sharing.LikeReport
- Maria_yy·2022-10-21I also think the market downside is a priority.LikeReport
- OpenSesame88·2022-10-19run betterLikeReport
- Axel25·2022-10-19[smile]LikeReport
- Impalement·2022-10-19[smile]LikeReport
- CloudySeason·2022-10-19👍🏻LikeReport
- Pooi123·2022-10-19👍🏻LikeReport
- zihui98·2022-10-19goodLikeReport
- owz·2022-10-19👍LikeReport
- JakeL·2022-10-19[OK]LikeReport
- TigerRon·2022-10-19post moreLikeReport
- NaughtyGoaty·2022-10-19[Cry]LikeReport
- Leefh888·2022-10-19[Smile]LikeReport
- Appletizer·2022-10-19Nice1Report