AAPL: After the product conference, aapl stock like always "buy the rumor, sell the news", even it broke the historical high. The stock price forming a stagflation type, short-term watch to the 172-179 range, falling below 172 to confirm weakness, and 179+ still keep in strong area. Don't short above it!
SPX: The top is close to breaking the bear market structure 4325-4350 points, if the break, the market will return to the bull market structure, that is, the low of last October should not be seen in the short term for a few years, if the market price mild recession or no recession soft landing, the market should not step back below 3760-3800 points in the future.
From my perspective, we could start to short the market at this level, which near around 4300, and stop loss will be added at 4350, top range 2-3% loss, bot range 10%+ gain, which I believe will be a great P/L ratio.
SOXX:
Semi-Conductor ETF, Short-term watch 463-475, below 463 semiconductor sector as a whole will weaken , 475+ still not a good time to short semiconductor.
From my perspective, we could start to short the market at this level, which near around 4300, and stop loss will be added at 4350, top range 2-3% loss, bot range 10%+ gain, which I believe will be a great P/L ratio.
SOXX:
Semi-Conductor ETF, Short-term watch 463-475, below 463 semiconductor sector as a whole will weaken , 475+ still not a good time to short semiconductor.