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Oil prices pulled back yesterday, triggering a short squeeze. With too many crowded into shorts on semiconductors, it actually sets up a rebound for the sector and hardware stocks. Trump recently weighed in to clear things up for Jensen Huang, and such rumors are trivial to him. Therefore, I believe the short-term panic surrounding $NVIDIA(NVDA.US) is unlikely to escalate.

From a technical perspective, $Invesco QQQ Trust(QQQ.US) needs to bounce above 675 and hold support to confirm the trend today (Confirmation). If it breaks through the second key level of 704 tomorrow, our chances of a reversal increase.

The system still treats this as a "rebound" rather than a "reversal," so overall risk remains high; thus, taking profits is advisable. If 704 is broken with increasing volume, we can gradually add positions. $Micron Tech(MU.US)$Sandisk(SNDK.US) $Lumentum(LITE.US), along with COHR, MRVL, INTC, SOXL, SOXX, AMD, GOOG, and the other seven tech giants, are poised for a sharp rebound.

Let’s go, let's squeeze those shorts! My account recovered significantly today, feeling good!

Today (October 22, 2026), the US stock market showed clear divergence and risk-off sentiment, with funds shifting from tech growth stocks to safe-haven assets and traditional cyclical sectors.

Concerns over tech capex trigger fund outflows

Overnight earnings from several tech giants missed expectations or offered cautious guidance:

Meta's increased capital expenditure turned free cash flow negative, sparking market concerns about the ROI on AI investments.

Statements from Lam Research and IBM on AI demand or capital costs fell short of expectations, putting pressure on the semiconductor and tech sectors (XLK) after the open.

Tesla was dragged down by a slight decline in automotive revenue, breaking below key moving averages.

Rise in safe-haven and defensive flows

Influenced by geopolitical risk rumors (Middle East situation) and high, volatile US Treasury yields, risk-off sentiment rose:

The energy sector (XLE) was boosted by rising crude oil prices (Brent broke through $112/barrel), becoming the main direction for fund inflows.

US Treasuries and gold attracted some safe-haven inflows, with the 10-year yield finding short-term bid support near 5.08%.

Long-term positioning is not considered yet as the opportunity hasn't arrived; those who bottom-fished have entered and are prepared for timely take-profit and stop-loss operations$Oracle(ORCL.US)NVIDIA

$Direxion Semicon Bull 3X(SOXL.US)$Tesla(TSLA.US)$Micron Tech(MU.US)$Sandisk(SNDK.US)$NVIDIA(NVDA.US)

It's not time to bottom-fish yet$Tesla(TSLA.US)$Invesco QQQ Trust(QQQ.US)$Direxion Semicon Bull 3X(SOXL.US)