07.07 US stocks: SMH has broken through support, the eye of the storm. Chip stocks opened with a gap down today, continuing to reduce positions.
SMH has broken support, the eye of the storm. Chip stocks opened with a gap down today. The broader market struggling further is meaningless, let's pull out and continue reducing positions. This market condition is choppy and hard to trade.
Just keep a defensive position of 30% to 40% (VOO DCA, the Magnificent Seven).
If the defensive position is in the Magnificent Seven, it's flexible. The worst-case scenario for SPX is also 7150, 7050. Wait for the next wave.
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.
