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Aren't they saying the United States is declining? Is the U.S. stock market going to crash? Why is it rising higher and higher?! Damn.
On Monday, Nvidia hit a new high again, with the US three major indices fluctuating, the S&P and Nasdaq reaching new closing highs.
Large tech stocks like Nvidia rose 4% to a new high, Google increased by 1%, the semiconductor index ended an 18-day winning streak, Intel hit a new high, above the 5-day and 5-week moving averages.
The Nasdaq still showed extremely polarized performance on Monday, with very extreme bifurcation.
Due to the big surge in tech stocks on Friday, the tech sector strongly recovered today, but note that it’s also the high-low rotation within the sector we’ve been talking about.
Market funds shifted toward the semiconductor industry chain, which is still relatively low.
Many stocks saw large gains, but it’s clear that funds are still flowing out of high-position optical modules.
This doesn’t rule out a subsequent recovery of optical modules, but at this position, optical modules definitely need to be cautious of risks.
Overall, the market has not experienced a substantial rebound, mainly oscillating.
Within the sector, there’s high-low rotation, so first, earnings won’t be fully released until the end of April, and second, there’s still risk-avoidance demand during the May Day holiday.
Therefore, before May Day, it’s best to focus on selling high and buying low, especially in sectors that have risen a lot or are at high levels.
Reduce positions to do swing trading, lower holding costs, and it’s fine to wait for a pullback to re-enter.
As long as there is momentum, new highs can continue. $ETH
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