After Thursday’s market-wide decline, Friday saw a reversal, $NASDAQ 100 Index (.NDX.US)$also $PHLX Semiconductor Index (.SOX.US)$also $Gold Futures (APR6) (GCmain.US)$also $Bitcoin (BTC.CC)$with a broad-based rally unfolding.I thought that if the rebound was weak, it would indicate a downtrend, but since the rebound is quite strong, it feels like we’ve escaped a one-sided drop. That said, whether the upward movement will continue remains unclear.
For now, I think Japanese stocks are where to focus. The indices are looking good, and following yesterday's rise in U.S. stocks, $OSE Nikkei 225 Futures (MAR6) (NK225main.JP)$and $TOPIX Futures (MAR6) (TOPIXmain.JP)$they’re really taking off.Reports of the ruling Liberal Democratic Party's lead in the House of Representatives election suggest that although futures were poised to take off several times last week, poor trading conditions kept them suppressed. However, as we approach Election Day, it seems futures have started pricing that in.
My portfolio is all Japanese stocks at the moment, and I bought various Japanese stocks on Friday. First up are construction stocks.
$Taisei (1801.JP)$Position 7.5%
$Obayashi (1802.JP)$ポジショ...

I bought after it broke the all-time high, but...
$Lumentum (LITE.US)$

Something is definitely happening. $NASDAQ 100 Index (.NDX.US)$ has fallen consecutively, breaking down below key levels, $Silver Futures (MAR6) (SImain.US)$ has crashed, $Bitcoin (BTC.CC)$ is in a steep crash… I feel like it’s better to pull funds out of risky assets for now The relatively stable ones are Japanese value stocks and a small portion of US value stocks. Although Japanese value stocks are performing well, things are getting concerning in the US, so be cautious about over-investing…
I sold most of my US stocks the day before yesterday, but yesterday I failed to hold through the earnings report $EnerSys (ENS.US)$ I liquidated
$EnerSys (ENS.US)$ Position 2.5% → 0%
Later $Gold Futures (APR6) (GCmain.US)$ Although the pattern looked good up until yesterday morning, it has once again fallen below 5,000 dollars and also broke below the previous day's low, taking on a range-like form. Judging that it will take time for this to rise, I significantly reduced my position.
$Gold Trust Ishares (IAU.US)$ Position 10 → 2.5%
Japan's high-tech sector also fell yesterday, so I reduced that as well.
$NEXT FUNDS Nikkei Semiconductor Stock Index Exchange Traded Fund (200A.JP)$ Position 10...

The impression is that the market has become quite biased.
First, the stocks that performed well were,
$Construction Partners (ROAD.US)$
$Cisco (CSCO.US)$
$Modine Manufacturing (MOD.US)$
$Willis Lease Finance (WLFC.US)$
$DXP Enterprises (DXPE.US)$
$Taylor Devices (TAYD.US)$
$Lumentum (LITE.US)$
Probably something like this.
POWL had good earnings on the 4th and surged with a gap-up.
$Powell Industries (POWL.US)$
It was an incredible rise.
However, there are very few stocks showing good movement.
It's unstable.
What’s surprising is the poor performance of well-known, major stocks.
Surprisingly, some of the long-established value stocks are performing quite well.
But whether they will double or triple from here...
It's rather difficult to say.
A good example would be PG (Procter & Gamble).
$Procter & Gamble (PG.US)$
Mineral resources seem to be hit the hardest; even in my portfolio...

$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$
Is it finally breaking down after moving sideways?
Recommend keeping 100% cash 😇

Yesterday was a tough day for US stocks, wasn't it? The pattern has not been good in the last few days $PHLX Semiconductor Index (.SOX.US)$ A clear breakdown occurred and semiconductors started to slump. Memory-related stocks that 'made profits just by holding them in January' also plummeted.Defensive stocks with stability also fell, and it's concerning that $GLOBAL X DEFENSE TECH ETF (SHLD.US)$ ETFs drew a large bearish candle.
I believe memory-related stocks will rise eventually, but I think the phase where they grew steadily is over, so I've decided to close my position for now.
$Micron Technology (MU.US)$ Position 10→0%
$SanDisk (SNDK.US)$ Position 1.25→0%
$iShares MSCI South Korea ETF (EWY.US)$ Position 5 → 0%
Fundamentally, I still think memory-related stocks have significant room to grow, but they've risen too much in the short term, so I believe a temporary pullback is likely. I’d like to re-enter once the uptrend resumes with good discipline.
$GLOBAL X DEFENSE TECH ETF (SHLD.US)$ Position 2.5% → 0%
The trend has shifted, so I’m stepping away.
On the other hand, $Gold Futures (APR6) (GCmain.US)$It’s starting to recover...

$Micron Technology (MU.US)$
I have completely sold off MUU
I will return at some point in the future.
Thank you very much for all your help.

$Powell Industries (POWL.US)$
It's been strong lately, and the earnings results were a huge success

$Powell Industries (POWL.US)$
Strong 😍