The chips are weak recently, it would take some time to fully bottom. NVDA only started to weaken early this month, so it would take awhile. Having said that, I averaged in a little… tiny (not the $50k trigger)… just to soothe the itch finger, waiting for it to decline even more. Waiting for your magic $180.
It will mess up my margin liquidity requirement. I am just focusing on FB and AMZN for now. FB seems to have pretty solid support at the $150 level. touch wood
One of the oldest sayings is don’t fight the fed, and it appears the fed is determined to tighten and tighten until they slow/crash the economy. It used to be the fed was a mix of hawkish and dovish messaging. Now it’s all hawkish.
Today looks like another Oct 10, 2018 kind of low. Mainly market is getting shorted for results.
My hope is on Today’s results TSLA, MSFT, AMD and Visa and Tomorrow GOOGL and AMZN. Hoping all 6 are going to give positive, we may have some breath by Friday.
I am all red, looks like jumped early, except few stocks keeping me just positive.