The breakthrough of the Hang Seng Tech Index is inevitable! Wei Li got 2 lots in the first round!

1. Market Overview

U.S. stocks: The Dow and S&P 500 continue to climb, while the Nasdaq saw a slight pullback. This is just a breather after the recent concentrated gains, paving the way for further growth. After the Nasdaq hit a new high on the 26th, I increased my U.S. stock holdings for the long term and will add more if the pullback deepens.

Hong Kong stocks: The market opened higher across the board today, with the Hang Seng Index breaking through yesterday's levels and rising another 2.48%. The rally is supported by increasing volume and global capital inflows, suggesting the uptrend isn't over yet—new highs will likely follow. The Hang Seng Tech Index is already up over 2.6%, and a breakthrough to new highs seems inevitable. Thus, Hong Kong tech stocks that weigh heavily on the index are key considerations now.

2. News Highlights

The U.S. and Japan reached a trade deal yesterday, reducing tariffs on Japanese cars from 25% to 15%. Japanese automakers are thriving, but U.S. domestic carmakers are unhappy, as cheaper Japanese cars could squeeze their market share, especially since tariffs on U.S. parts and materials remain unchanged. These automakers, including General Motors, Ford, and Stellantis, have long been the biggest victims of tariffs.

After the market close today, Tesla will release its Q2 earnings. TSLA has lagged behind the "Magnificent Seven" this year, with Musk's strained relationship with the president, declining sales in key global markets, and the 25% U.S. auto import tariff creating headwinds. However, Shelly believes the focus of this earnings report isn't the numbers but updates on Robotaxi and Optimus. Robotaxi progress has outpaced Waymo's years of efforts in just over a month, and XAI's integration with Robotaxi promises another leap in AI. Optimus is also advancing rapidly with clear mass-production plans. The market is familiar with TSLA's volatility, so expectations aren't overly high.

As Trump pressures Powell, Wall Street has resumed "Powell hedging" trades to counter market drops triggered by rumors of his potential dismissal. Trump keeps pushing for rate cuts but has softened on ousting Powell. Besant also stated there's no reason for Powell to step down early, a reassuring signal for markets. Powell's removal would challenge the Fed's independence and damage U.S. credibility. A new Fed chair might follow Trump's orders to cut rates, risking hyperinflation and market turmoil. Wall Street breathed a sigh of relief, with Treasury yields falling across the board. And there's a 99.9% chance of no rate cut next week.

3. Portfolio Review

$NVIDIA(NVDA.US)

Finally took a breather last night. According to gap theory, gaps must be filled, so the 165-168 gap from the past two sessions needs to be closed. Given the rapid and continuous rise, a pullback was inevitable. It fell 2.54% yesterday, breaking the 10-day moving average, but I won't add now—I'll wait for a break below the 20-day MA or a fill of the 160-161 gap. Long-term hold. On the news front, Jensen Huang continues to sell NVIDIA shares, but this is already disclosed and not new.

$Tesla(TSLA.US)

SpaceX's offering documents now include a clause suggesting Musk may take on a role similar to Doge's, dedicating significant time and effort. This "risk factor" wording is new, indicating heightened political risks. Keep an eye on Musk's moves, lol. For earnings, I expect Q2 revenue and profits to decline again, but the key is whether Musk can restore investor confidence in TSLA. Watch for updates on the affordable EV story. Pre-market up 0.27%, with market expectations still in flux.

$Circle(CRCL.US)

Fell another 8% yesterday, breaking the 10- and 20-day MAs and forming an M-top. Not yet at the bottom—wait before adding.

$Alphabet - C(GOOG.US)

Four of the "Magnificent Seven" have broken out; three haven't. U.S. megacaps are highly correlated, so Google has catch-up potential, especially with the Nasdaq breaking out. Support at 173. We hold a sizable base position—long-term hold. Like TSLA, earnings can be traded, but the core position stays.

$Microsoft(MSFT.US): My second-largest holding—long-term.

$Amazon(AMZN.US) and $Apple(AAPL.US): Catch-up potential among the "Magnificent Seven."

$Netflix(NFLX.US): I added at 1190 last night.

6. Hong Kong IPO

Welly Wisdom drew today—I got two lots via Group B and plan to sell in the gray market. Follow the group for trading details.

Geek+ has given back some recent gains but rose 2.65% today. Fibonacci suggests a rebound after seven down days, but it hasn't met my target—holding for now.

$Invesco QQQ Trust(QQQ.US) $SPDR S&P 500(SPY.US)