<p><em>要獲得優勢，您今天需要了解這些信息。</em></p>
<h4><strong>反向指標</strong></h4>
<p>請點擊這裏查看 <strong>SPDR S&amp;P 500 ETF Trust</strong> SPY 的放大圖，該基金代表基準股市指數 S&amp;P 500 (SPX)。</p>
<p>請注意以下幾點：</p>
<ul>
<li>股市持續創下歷史新高。</li>
<li>圖表顯示股市穩穩位於第一區域（支撐）之上。</li>
<li>圖表上的相對強弱指數（RSI）顯示股市極度超買。超買市場容易出現回調。</li>
<li><strong>股市情緒依然極為積極。</strong> <strong>當情緒處於極度積極區間時，這是一種反向信號，因為幾乎所有短期內會買入的人都已經買入。當負面消息出現時，市場上沒有買家來緩衝下跌。通俗來説，這意味着要保持謹慎。重要的是要記住，情緒並不是一個精確的時機指標。</strong></li>
<li>今天早上 <strong>UnitedHealth Group Inc</strong> (UNH)、<strong>PayPal Holdings Inc</strong> (PYPL)、<strong>Spotify Technology SA</strong> (SPOT)、<strong>United Parcel Service Inc</strong> (UPS)、<strong>Sysco Corp</strong> (SYY) 和 <strong>Royal Caribbean Cruises Ltd</strong> (RCL) 的重要財報低於市場預期。目前，動量投資者似乎對此毫不在意。即使是非動量投資者也似乎不太關心，因為他們關注的是本週晚些時候 <strong>Microsoft Corp</strong>(MSFT)、<strong>Meta Platforms Inc</strong> (META)、<strong>Apple Inc</strong>(AAPL) 和 <strong>Amazon.com, Inc.</strong> (AMZN) 的財報。</li>
<li>FOMC 會議今天開始，面臨着降息的巨大壓力。美聯儲將在明天下午 2 點（東部時間）宣佈利率決定，隨後美聯儲主席鮑威爾將在下午 2:30（東部時間）召開新聞發佈會。如果沒有降息，明天可能是美聯儲內部出現分歧的少數幾次之一。<strong>共識是不會降息。然而，在我們的分析中，意外降息的可能性不能排除。</strong></li>
<li>美中貿易談判仍在繼續。</li>
<li>歐盟和美國正在敲定貿易協議的細節。</li>
<li>消費者信心和 JOLTS 職位空缺數據於上午 10 點（東部時間）發佈。</li>
</ul>
<h4><strong>七大巨頭資金流動</strong></h4>
<p>在早盤交易中，亞馬遜 (AMZN) 和 <strong>NVIDIA Corp</strong> (NVDA) 的資金流動為正。</p>
<p>在早盤交易中，蘋果 (AAPL)、Meta (META) 和微軟 (MSFT) 的資金流動為中性。</p>
<p>在早盤交易中，<strong>Alphabet Inc Class C</strong> (GOOG) 和 <strong>Tesla Inc</strong> (TSLA) 的資金流動為負。</p>
<p>在早盤交易中，S&amp;P 500 ETF (SPY) 和 <strong>Invesco QQQ Trust Series 1</strong> (QQQ) 的資金流動為正。</p>
<h4><strong>動量投資者與聰明資金在股票中的表現</strong></h4>
<p>熱門投資機會</p>
<p>投資者可以通過了解 SPY 和 QQQ 的資金流動來獲得優勢。投資者可以通過了解聰明資金何時購買股票、黃金和石油來獲得更大的優勢。黃金最受歡迎的 ETF 是 <strong>SPDR Gold Trust</strong> (GLD)。白銀最受歡迎的 ETF 是 <strong>iShares Silver Trust</strong>(SLV)。石油最受歡迎的 ETF 是 <strong>United States Oil ETF</strong> (USO)。</p>
<h4><strong>比特幣</strong></h4>
<p><strong>比特幣</strong> 正在受到買入。</p>
<h4><strong>我們的保護帶及當前應對措施</strong></h4>
<p>考慮繼續持有良好的、長期的現有頭寸。根據個人風險偏好，考慮使用現金或國債、短期戰術交易以及短期到中期對沖的保護帶。這是一種保護自己並同時參與上漲的好方法。</p>
<p>您可以通過將現金添加到對沖中來確定您的保護帶。保護的高帶適合年長或保守的人。保護的低帶適合年輕或激進的人。如果您不進行對沖，總現金水平應高於上述所述，但顯著低於現金加對沖的總和。</p>
<p>0% 的保護帶將非常看漲，表示全額投資且現金為 0%。100% 的保護帶將非常看跌，表示需要通過現金和對沖或激進的賣空進行強有力的保護。</p>
<p><strong>值得提醒的是，如果您沒有足夠的現金，您無法利用即將到來的新機會。</strong> 在調整對沖水平時，考慮調整股票頭寸（非 ETF）的部分止損數量；考慮對剩餘數量使用更寬的止損，併為高貝塔股票留出更多空間。高貝塔股票是指那些波動幅度大於市場的股票。</p>
<h4><strong>傳統 60/40 投資組合</strong></h4>
<p>基於概率的風險回報調整考慮通脹，目前並不支持長期戰略債券配置。</p>
<p>那些希望堅持傳統的 60% 股票和 40% 債券配置的人，可以考慮僅關注高質量債券和五年期或更短的債券。願意提升投資複雜度的人可以考慮將債券 ETF 作為戰術頭寸，而不是在此時作為戰略頭寸。</p>
<p><strong><em>Benzinga 免責聲明：本文來自未付費的外部貢獻者。它不代表 Benzinga 的報道，並且未經過內容或準確性編輯。</em></strong></p>
<p><strong>請點擊這裏註冊免費永遠的</strong> <strong>財富生成通訊</strong> <strong>。</strong></p>

亞馬遜

英偉達

<p>股市正達到歷史新高，但市場情緒極為樂觀，這可能預示着潛在的回調。主要公司的關鍵財報低於預期，同時市場也在關注美聯儲的利率決策。亞馬遜和英偉達的資金流入表現積極，而建議投資者採取現金保護策略。傳統的 60/40 投資組合可能需要調整，重點關注高質量債券。投資者應保持謹慎，並考慮對沖策略以保護自己免受市場波動的影響</p>

<p><em>To gain an edge, this is what you need to know today.</em></p>
<div class="lb-trans"><p><em>要獲得優勢，您今天需要了解這些信息。</em></p>
</div><h4><strong>Contrary Indicator</strong></h4>
<div class="lb-trans"><h4><strong>反向指標</strong></h4>
</div><p>Please click here for an enlarged chart of <strong>SPDR S&amp;P 500 ETF Trust</strong> SPY which represents the benchmark stock market index S&amp;P 500 (SPX).</p>
<div class="lb-trans"><p>請點擊這裏查看 <strong>SPDR S&amp;P 500 ETF Trust</strong> SPY 的放大圖，該基金代表基準股市指數 S&amp;P 500 (SPX)。</p>
</div><p>Note the following:</p>
<div class="lb-trans"><p>請注意以下幾點：</p>
</div><ul>
<li>The stock market continues to hit new all time highs.</li>
<li>The chart shows the stock market is comfortably above zone 1 (support).</li>
<li>RSI on the chart shows the stock market is extremely overbought. Overbought markets are susceptible to a pullback.</li>
<li><strong>Sentiment in the stock market remains extremely positive.</strong> <strong>When sentiment is in the extreme positive zone, it is a contrary signal because almost everyone who is going to buy in the short term has already bought it. When negative news comes, there are no buyers left to cushion the fall. In plain English, this means to be cautious. It is important to remember sentiment is not a precise timing indicator.</strong></li>
<li>Important earnings this morning from <strong>UnitedHealth Group Inc</strong> (UNH), <strong>PayPal Holdings Inc</strong> (PYPL), <strong>Spotify Technology SA</strong> (SPOT), <strong>United Parcel Service Inc</strong> (UPS), <strong>Sysco Corp</strong> (SYY), and <strong>Royal Caribbean Cruises Ltd</strong> (RCL) are below whisper numbers. So far, the momo crowd is oblivious. Even non-momo crowd investors do not seem to be concerned as they are focused on earnings from <strong>Microsoft Corp</strong>(MSFT), <strong>Meta Platforms Inc</strong> (META), <strong>Apple Inc</strong>(AAPL), and <strong>Amazon.com, Inc.</strong> (AMZN) later this week.</li>
<li>The FOMC meeting starts today under extreme pressure to cut interest rates. The Fed will announce its interest rate decision tomorrow at 2pm ET followed by a press conference by Fed Chair Powell at 2:30pm ET. Tomorrow may be one of the few times there is dissent at the Fed if there is not a rate cut. <strong>The consensus is for no rate cut. However, in our analysis, a surprise rate cut cannot be ruled out.</strong></li>
<li>Trade talks between the U.S. and China are continuing.</li>
<li>The E.U. and the U.S. are nailing down details of the trade deal.</li>
<li>Consumer confidence and JOLTS job openings were released at 10am ET.</li>
</ul>
<div class="lb-trans"><ul>
<li>股市持續創下歷史新高。</li>
<li>圖表顯示股市穩穩位於第一區域（支撐）之上。</li>
<li>圖表上的相對強弱指數（RSI）顯示股市極度超買。超買市場容易出現回調。</li>
<li><strong>股市情緒依然極為積極。</strong> <strong>當情緒處於極度積極區間時，這是一種反向信號，因為幾乎所有短期內會買入的人都已經買入。當負面消息出現時，市場上沒有買家來緩衝下跌。通俗來説，這意味着要保持謹慎。重要的是要記住，情緒並不是一個精確的時機指標。</strong></li>
<li>今天早上 <strong>UnitedHealth Group Inc</strong> (UNH)、<strong>PayPal Holdings Inc</strong> (PYPL)、<strong>Spotify Technology SA</strong> (SPOT)、<strong>United Parcel Service Inc</strong> (UPS)、<strong>Sysco Corp</strong> (SYY) 和 <strong>Royal Caribbean Cruises Ltd</strong> (RCL) 的重要財報低於市場預期。目前，動量投資者似乎對此毫不在意。即使是非動量投資者也似乎不太關心，因為他們關注的是本週晚些時候 <strong>Microsoft Corp</strong>(MSFT)、<strong>Meta Platforms Inc</strong> (META)、<strong>Apple Inc</strong>(AAPL) 和 <strong>Amazon.com, Inc.</strong> (AMZN) 的財報。</li>
<li>FOMC 會議今天開始，面臨着降息的巨大壓力。美聯儲將在明天下午 2 點（東部時間）宣佈利率決定，隨後美聯儲主席鮑威爾將在下午 2:30（東部時間）召開新聞發佈會。如果沒有降息，明天可能是美聯儲內部出現分歧的少數幾次之一。<strong>共識是不會降息。然而，在我們的分析中，意外降息的可能性不能排除。</strong></li>
<li>美中貿易談判仍在繼續。</li>
<li>歐盟和美國正在敲定貿易協議的細節。</li>
<li>消費者信心和 JOLTS 職位空缺數據於上午 10 點（東部時間）發佈。</li>
</ul>
</div><h4><strong>Magnificent Seven Money Flows</strong></h4>
<div class="lb-trans"><h4><strong>七大巨頭資金流動</strong></h4>
</div><p>In the early trade, money flows are positive in Amazon (AMZN) and <strong>NVIDIA Corp</strong> (NVDA).</p>
<div class="lb-trans"><p>在早盤交易中，亞馬遜 (AMZN) 和 <strong>NVIDIA Corp</strong> (NVDA) 的資金流動為正。</p>
</div><p>In the early trade, money flows are neutral in Apple (AAPL), Meta (META), and Microsoft (MSFT).</p>
<div class="lb-trans"><p>在早盤交易中，蘋果 (AAPL)、Meta (META) 和微軟 (MSFT) 的資金流動為中性。</p>
</div><p>In the early trade, money flows are negative in <strong>Alphabet Inc Class C</strong> (GOOG) and <strong>Tesla Inc</strong> (TSLA).</p>
<div class="lb-trans"><p>在早盤交易中，<strong>Alphabet Inc Class C</strong> (GOOG) 和 <strong>Tesla Inc</strong> (TSLA) 的資金流動為負。</p>
</div><p>In the early trade, money flows are positive in S&amp;P 500 ETF (SPY) and <strong>Invesco QQQ Trust Series 1</strong> (QQQ).</p>
<div class="lb-trans"><p>在早盤交易中，S&amp;P 500 ETF (SPY) 和 <strong>Invesco QQQ Trust Series 1</strong> (QQQ) 的資金流動為正。</p>
</div><h4><strong>Momo Crowd And Smart Money In Stocks</strong></h4>
<div class="lb-trans"><h4><strong>動量投資者與聰明資金在股票中的表現</strong></h4>
</div><p>Trending Investment Opportunities</p>
<div class="lb-trans"><p>熱門投資機會</p>
</div><p>Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is <strong>SPDR Gold Trust</strong> (GLD). The most popular ETF for silver is <strong>iShares Silver Trust</strong>(SLV). The most popular ETF for oil is <strong>United States Oil ETF</strong> (USO).</p>
<div class="lb-trans"><p>投資者可以通過了解 SPY 和 QQQ 的資金流動來獲得優勢。投資者可以通過了解聰明資金何時購買股票、黃金和石油來獲得更大的優勢。黃金最受歡迎的 ETF 是 <strong>SPDR Gold Trust</strong> (GLD)。白銀最受歡迎的 ETF 是 <strong>iShares Silver Trust</strong>(SLV)。石油最受歡迎的 ETF 是 <strong>United States Oil ETF</strong> (USO)。</p>
</div><h4><strong>Bitcoin</strong></h4>
<div class="lb-trans"><h4><strong>比特幣</strong></h4>
</div><p><strong>Bitcoin</strong> is seeing buying.</p>
<div class="lb-trans"><p><strong>比特幣</strong> 正在受到買入。</p>
</div><h4><strong>Our Protection Band And What To Do Now</strong></h4>
<div class="lb-trans"><h4><strong>我們的保護帶及當前應對措施</strong></h4>
</div><p>Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.</p>
<div class="lb-trans"><p>考慮繼續持有良好的、長期的現有頭寸。根據個人風險偏好，考慮使用現金或國債、短期戰術交易以及短期到中期對沖的保護帶。這是一種保護自己並同時參與上漲的好方法。</p>
</div><p>You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.</p>
<div class="lb-trans"><p>您可以通過將現金添加到對沖中來確定您的保護帶。保護的高帶適合年長或保守的人。保護的低帶適合年輕或激進的人。如果您不進行對沖，總現金水平應高於上述所述，但顯著低於現金加對沖的總和。</p>
</div><p>A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.</p>
<div class="lb-trans"><p>0% 的保護帶將非常看漲，表示全額投資且現金為 0%。100% 的保護帶將非常看跌，表示需要通過現金和對沖或激進的賣空進行強有力的保護。</p>
</div><p><strong>It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.</strong> When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.</p>
<div class="lb-trans"><p><strong>值得提醒的是，如果您沒有足夠的現金，您無法利用即將到來的新機會。</strong> 在調整對沖水平時，考慮調整股票頭寸（非 ETF）的部分止損數量；考慮對剩餘數量使用更寬的止損，併為高貝塔股票留出更多空間。高貝塔股票是指那些波動幅度大於市場的股票。</p>
</div><h4><strong>Traditional 60/40 Portfolio</strong></h4>
<div class="lb-trans"><h4><strong>傳統 60/40 投資組合</strong></h4>
</div><p>Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.</p>
<div class="lb-trans"><p>基於概率的風險回報調整考慮通脹，目前並不支持長期戰略債券配置。</p>
</div><p>Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.</p>
<div class="lb-trans"><p>那些希望堅持傳統的 60% 股票和 40% 債券配置的人，可以考慮僅關注高質量債券和五年期或更短的債券。願意提升投資複雜度的人可以考慮將債券 ETF 作為戰術頭寸，而不是在此時作為戰略頭寸。</p>
</div><p><strong><em>Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.</em></strong></p>
<div class="lb-trans"><p><strong><em>Benzinga 免責聲明：本文來自未付費的外部貢獻者。它不代表 Benzinga 的報道，並且未經過內容或準確性編輯。</em></strong></p>
</div><p><strong>Please click here to sign up for a free forever</strong> <strong>Generate Wealth Newsletter</strong> <strong>.</strong></p>
<div class="lb-trans"><p><strong>請點擊這裏註冊免費永遠的</strong> <strong>財富生成通訊</strong> <strong>。</strong></p>
</div>

What Prudent Investors Should Know As All-Time-Market-Highs Mix With Extreme Sentiment

- 股市持續創下新高，情緒極度樂觀，需謹慎。  
- 重要公司財報低於預期，市場關注即將公佈的美聯儲利率決策。  
- 投資者應考慮持有現金以應對潛在風險，同時參與市場上漲。  

當市場創下歷史新高並伴隨着極端情緒時，謹慎的投資者應該瞭解哪些信息