US stock trading plan: There may be a slight rebound tonight, look for an opportunity to exit!
On Friday, U.S. stocks fell again. Since last Wednesday, the $NASDAQ Composite Index(.IXIC.US) has experienced three consecutive declines, dropping over 4%. Seeing the unfavorable trend at the opening last Friday, I sold about one-third of my stock positions and increased my gold holdings, which now account for 50% of my portfolio. Clearly, I didn’t sell enough stocks or buy enough gold—even the double-leveraged $Pro Ultr GLD(UGL.US) couldn’t offset such a steep decline.
Have U.S. stocks bottomed out? The key is tonight’s session. Based on pre-market conditions, the Nasdaq has already broken through short-term strong support, but Friday’s closing price didn’t breach critical levels. However, with all moving averages within 120 days trending downward and the fear index surging 10.3%, it’s hard to be optimistic about a near-term rebound.
I came across a Morgan Stanley analysis article stating that further market declines depend on the clarity and intensity of Trump’s tariffs. Frankly, that’s stating the obvious—it’s essentially gambling, no different from betting on earnings reports. So, reducing positions is the way to go. Forget about "what ifs"—just remember Murphy’s Law.
Looking at my previously held stocks, $NVIDIA(NVDA.US) is stuck in no-man’s-land with a bearish MACD crossover. Since my position was small to begin with, I sold all of it last Friday.
$Robinhood (HOOD.US)$ remains my largest holding besides gold. Although my cost basis is $36, the unrealized losses are painful—especially after adding back some positions at $43 that I had previously sold. Based on overnight prices, it’s already at the 120-day moving average. The question is whether it can hold during the session.
$Meta Platforms(META.US) is another one breaking key pre-market levels, just like HOOD. Be prepared to cut (or exit) positions.
Tonight’s trading plan:
For Meta: Watch whether it can reclaim $583 within the first 10 minutes of trading. If it does with strong volume, set a trailing stop at the next 1% level. If not or volume is weak, exit immediately.
For HOOD: I genuinely think this company has potential—I praised it just last week. But with tariffs, Bitcoin volatility, and regulatory risks converging, if it rebounds sharply to $44 tonight, I’ll exit entirely. If it fails to reclaim the 120-day MA at $40 within the first 10 minutes, I’ll halve my position.
Gold holdings are already heavy. Of the proceeds from sales, allocate 70% to $Pro Ultr Silver(AGQ.US) and 30% to $2x Long VIX Futures ETF(UVIX.US).
Let the gods decide the rest.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
