Mountains of books have paths where diligence is the way; seas of learning have no bounds, with hardship as the boat! Why do I say this? Because whether in our lives, studies, work, or even stock trading... we cannot do without the words 'hardship' and 'diligence'! The reason I post every day is that I took too many detours and suffered too much in the past. I don't want my loyal followers to suffer the same fate. Guided by the principle of helping whoever I can, I persist in posting daily; otherwise, I would have stopped long ago! Of course, speaking frankly, Brother Hai only has so much ability. It's impossible for everything I say to be correct. Therefore, I always remind everyone that having your own independent trading system is the key to success 😰
Back to business: today's pre-market summary. Have you noticed anything about the broader market's movement from last night until now? As I mentioned before the market opened yesterday, all three major indices reached high levels. If they cannot push through decisively, they will inevitably weaken ('a second effort is weaker, a third is exhausted'). In simple terms, there is a risk of a pullback in the broader market.
$Tesla(TSLA.US) La Zi (TSLA leveraged ETF) originally intended to replicate last week's pattern, hovering around 330 before moving to 340. However, during tonight's night session so far, it appears to be following the broader market's pullback, breaking below 335. We'll see if it can hold at 330 at the open. If it fails, those bullish on the short term should consider exiting their leveraged positions unless your cost basis is exceptionally low and your time horizon is very long, assuming the underlying stock remains fine. If only La Zi were moving like this, it would clearly be an issue with the ETF itself. But right now, capital is fleeing many momentum stocks. That's all I'll say; use your imagination for the rest.
$TSLA 2X Long ETF(TSLL.US) For La Zi 2, if the underlying stock fails to hold 330 today, I will keep one share and exit first, waiting to re-enter once the price stabilizes after the drop.
$SpaceX(SPCX.US) Big Rocket 🚀 barely stabilized at 145, but now it's coming down along with the broader market. Specifics will depend primarily on the opening trend.
$Rocket Lab(RKLB.US) Little Rocket 🚀 belongs to the same aerospace sector and behaves similarly to Big Rocket 🚀, following broader market sentiment. If it holds the key level of 80, its future is bright; if not, it presents another opportunity to build a position at a lower level!
$SK Hynix(SKHY.US) Little Li Shi is also falling in lockstep with the broader market. This unified pace highlights a characteristic of US tech stocks: organized, disciplined synchronized rises and falls. Be careful.
$Broadcom(AVGO.US) Tong Zi 😰 Subjectively, I hope it drops more so I can rotate into it 🫳🏻毕竟做通子 long call 还是比较顺手的。(After all, trading Broadcom long calls is quite smooth.)
$Oklo(OKLO.US) Xiao OK2 stated that the merger was delayed to September 10th. Short-term, watch if $3 can hold 😰. If it cannot return above $3, continue observing and avoid touching it!
$MP Materials(MP.US) Xiao MP was strong last night, dropping less than one point, but currently being dragged down by the broader market 😰. Not sure where this wave will bottom out. Key level is 55; if broken, run quickly 😢 because there are still opportunities at lower levels, understand?
The above are my personal views and should not be taken as investment advice for anyone 😄
Finally, thank you 🙏🏻 my followers have again broken 5,000 haha 😃 Although lurkers account for about 4,800, having 200 familiar faces accompanying me means I'm no longer bored 😰
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