$Amazon(AMZN.US)$Rocket Lab(RKLB.US)$Tesla(TSLA.US) I noticed a few days ago that the current valuation level is too high, and in the short term, the risks outweigh the returns. Some mindless bulls don't think so and believe it will keep rising. By the way, I made the same mistake this time last year. But now with new reference indicators, my sensitivity to the market has gradually improved, allowing me to better grasp the major market trends. Weekly market reviews and recording profit and loss summaries in a notebook are still very necessary.
Recently, tech stocks have been releasing their earnings reports one after another, with mixed performances. The index is still rising in the night session$Proshares UltraPro QQQ(TQQQ.US)$Invesco QQQ Trust(QQQ.US), but I've been gradually selling recently, keeping my cash position at around 50%. The main reason is the recent military exercises near Iran, which could be a precursor to action. Additionally, the recent appreciation of the yen against the US dollar (I heard that Besant has already spoken with the Japanese finance minister to help resolve the exchange rate issue) and the overall valuation of the Nasdaq at historical highs, along with the uncertainty of a government shutdown, make it safer to keep some ammunition. Recently, the $SPDR Gold Shares(GLD.US) has been performing too strongly, so chasing highs is unnecessary. However, the long-term logic still holds. Wait for the uncertainty to dissipate, then take the opportunity to pick up some cheap tech stocks.
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