$Invesco QQQ Trust(QQQ.US)$SK Hynix(SKHY.US)$Micron Tech(MU.US)Reminded everyone yesterday about this move; we'll have to digest the sentiment from two macro events 🤣 Watch out for risks. Before 2 PM, we're likely to feel the impact of the rate decision and subsequent comments. It might recover around 2-3 PM. Although it's highly likely to be a clear-cut hold, funds are hesitant to bet that panic will ease after the announcement.
$Tesla(TSLA.US) As long as it doesn't break 300, we remain bullish. Nothing more to say.
$Invesco QQQ Trust(QQQ.US) Stay cautious, there are still two major uncertainties in the next two days
However, the interest rate decision is basically clear: it will definitely remain unchanged. The main concern is that macroeconomic data might change. If you caught the falling knife today and have profits, reduce your position/close it. If that's not feasible, use puts to hedge at higher levels.
Tesla isn't urgent as long as it doesn't break below 300. If it does break, I plan to reduce my position first, keep some cash, and wait for an opportunity to bottom-fish between 280-300. It's highly unlikely to break 300 and remains in the positive gex zone.
I plan to hold semiconductor storage-related stocks for 1-3 months. I wouldn't dare say for sure about the second half (since there are uncertainties regarding September interest rates and many macro events approaching the midterm elections), but I personally believe this will be the bottom position for the next one or two months. (I feel the same way about TQQQ, but given the high uncertainty at the macro level, it's better to be more cautious.)
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