Is the overall market about to turn? Can we still play the AI game? Are there still opportunities in SpaceX-related concepts?

Let's talk about the market first.

At this point in the current rally, both the Nasdaq and the S&P 500 have accumulated a significant amount of profit-taking positions. The indices look strong as they climb, but it's precisely at times like these that we need to be wary of short-term volatility. The market never rises at a 45-degree angle forever; when it's time for a shakeout, there will be a shakeout, and when it's time for consolidation, there will be consolidation.

From a technical perspective, the 10-day, 20-day, and 50-day moving averages remain important levels to watch. As long as these key moving averages are not effectively broken, I prefer to interpret pullbacks as rest stops during an uptrend, not the end of the trend.

Many people like to try to predict the top, but real money is usually made by riding the trend, not by trying to guess peaks and troughs.

Now, let's talk about the US dollar.

The market has repeatedly proven one thing over the past few years: the US dollar and tech stocks often have a seesaw relationship.

A weak dollar means strong risk assets.

A strong dollar puts pressure on tech growth.

Therefore, for the foreseeable future, I believe that in addition to watching NVIDIA and the overall market, the US Dollar Index is also worth paying attention to, as it often determines the direction of market risk appetite.

Next, let's talk about AI.

Even today, I still believe that AI and semiconductors are the core themes of the entire market.

Every bull market has its protagonists. The internet era had Microsoft. The smartphone era had Apple. The cloud computing era had Amazon. And today, the market's protagonist is still artificial intelligence. As long as this story isn't disproven, capital will eventually flow back to the strongest direction. So, whether it's NVIDIA, Broadcom, AMD, or other companies in the AI supply chain, I believe there may be short-term volatility, but the long-term logic hasn't changed.

Finally, let's talk about the recently popular SpaceX concept. I admit, SpaceX is one of the rare companies in recent years that sparks boundless imagination. Rocket launches, the Starlink project, the space economy, defense contracts—each story alone is enough to attract capital. But one of the biggest fears in investing is equating imagination directly with profitability. Many people see Mars in ten years. Mature investors care more about the cash flow and growth realization in the coming years. SpaceX is certainly worth long-term attention, but the more grandiose the story, the more patience is needed to wait for the right price. The market is never short of opportunities. What's often lacking is patience. So my strategy remains unchanged. For the overall market, respect the trend, don't be quick to turn bearish. For AI, continue to focus on the core leaders. For the SpaceX concept, bullish long-term, but don't chase highs in the short term; wait for the market to offer a more comfortable entry point. Soros once said, "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." Investing is never about who predicts more accurately. It's about who survives longer. The future belongs to artificial intelligence, and the future also belongs to the space economy. But before the future truly arrives, we must first learn to survive the market's fluctuations. This might be the most important lesson in investing.$Hang Seng Index(00HSI.HK)$Micron Tech(MU.US)$SpaceX(SPCX.US)