Bear Bear Craig wrote a post · Oct 2, 2024 13:49

🇨🇳 MooMoo (FUTU) is the clear winner!

Despite Golden Week, it's evident that 🇨🇳 stocks are still 🐉 soaring!
$Futu Holdings Ltd (FUTU.US)$ $PDD Holdings (PDD.US)$ ,and $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $CSI 300 Index (000300.SH)$ $Hang Seng Index (800000.HK)$ $FTSE China A50 Index (.FTXIN9.CN)$ helped my portfolio from the sea of red last night. I have to thank those who voted on my previous post; it helped me identify where the heavy plays were! 🙏🏻 The voters seems to know what they’re doing very well vs my trade 😂

🚀 💣 The unexpected Middle East tensions caused the market to swing sharply downward. The $S&P 500 Index (.SPX.US)$ cracked its strong support level of 5700 (reached 5680) before rebounding by midday. While the $S&P 500 Index (.SPX.US)$ closed briefly above 5700, the $NASDAQ 100 Index (.NDX.US)$ wasn’t fortunate and fell below the psychological level of 20,000, which definitely raises some 🚨‼️

My prediction yesterday was so offfffff the chart except for $Futu Holdings Ltd (FUTU.US)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$

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Sometimes, unforeseen events lead to major volatility spikes, as seen with the $CBOE Volatility S&P 500 Index (.VIX.US)$

The $NASDAQ 100 Index (.NDX.US)$ is in trouble, so it's time to consider trimming your portfolio while you can (for short term players)as Friday’s data might lead to another sea of red.

Next play: I’m going to share what play I’m doing, with just 2 days before our competition ends. So listen carefully, and follow at your own discretion. If it helped you make some profits, buy me a ☕️ will do 😂

: Short term play for this week- Exit/take profits for all your tech plays $NASDAQ 100 Index (.NDX.US)$ before the market realise that the 🦈 has been taking profits past few days. Stocks I’m releasing: $Meta Platforms (META.US)$ $NVIDIA (NVDA.US)$ $Alphabet-C (GOOG.US)$ $Microsoft (MSFT.US)$ $Visa (V.US)$ $Micron Technology (MU.US)$ $Apple (AAPL.US)$ Learn to rotate your portfolio out as 1 week competition is very short.

I have analysed carefully, the top players are heavy heavy in 🇨🇳 stocks. Hence, Chase the 🐉 Chinese 🇨🇳 stocks, $PDD Holdings (PDD.US)$ $Alibaba (BABA.US)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Futu Holdings Ltd (FUTU.US)$ $Baidu (BIDU.US)$ .High can go higher! stocks like $Occidental Petroleum (OXY.US)$ and $Exxon Mobil (XOM.US)$ are some new positions I added lightly into, considering the rising middle east tensions. $Tesla (TSLA.US)$ may have interesting pop too (If it pop high- i will TP 50% at 264 and another 50% at 270).

Good counters to hedge against falling market (aka buying insurance) would be $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro Short S&P500 ETF (SPXU.US)$

🔮 $S&P 500 Index (.SPX.US)$ 🔮 If the $S&P 500 Index (.SPX.US)$ opens below 5700, it will repeatedly test 5680. Should it break 5680, it open a falling trend towards 5618-5650. Should it break higher than 5720, the top can be found around 5750-55 region (toppish for me) $NASDAQ 100 Index (.NDX.US)$ is badly hit, might see 19500 region tonight. This one not as accurate as my voters poll, follow what they voted on ok!

📝 Reminder to self: Stop the huge positions in out 😂 Couldn’t take profit or cut losses when I needed (more than 50 transactions 😅) That led to me missing out not being able to buy more 🇨🇳 stocks last night 🥲 Major regret!

Enjoying the last 2 night of trading session, good luck!