To The Moon

$NASDAQ(.IXIC)$

20121104 Review and Prospect

It has to be said that the market can't wait for any news that may delay the rate hike. Markets bounce back amid rising U.S. unemployment numbers. Even the market pulled back sharply, it is still a bearish line on the weekly line.

The economy has actually deteriorated, but prices are still climbing. Oil prices have risen sharply today. The possibility of a soft landing for the economy is less likely, and a hard landing is more likely.

Given that both technical and fundamental support the market decline, I personally think the Nasdaq will break out next week. Under the current situation, I will adjust the position to short, and try to avoid chasing the rebound next week.

The dollar fell sharply today, and my dollar position lost a lot, but the strong pattern of the dollar has not changed, and I still hold it.

Tech stocks will still be at the forefront of the decline and I will continue use the Put option, but profit needs to be stopped in time, because the option cost will be greatly reduced during up and down, so that the profit will be gone very fast, especially for out-of-the-money options.

The Chinese concept stocks have risen sharply today, making the short-term profit opportunities I predicted for the Chinese concept stocks a reality. But given the outsized gains, I've sold some call options, wary of a quick pullback.

Building your own understanding of the market is very important and welcome to discuss together.