
The market is definitely going to open sharply lower tonight. The key is whether it can stage a strong rebound within the first thirty minutes of trading, limiting the loss to within one percent.
The reason for a sharp drop is actually quite simple. It's a sensitive period right now, compounded by the successive waves of news about Chinese AI and robotics. Wall Street's patience with some companies has reached its limit, and panic has spread to the film and media sectors. The selling pressure hasn't stopped.
I've already exited the intraday bottom-fishing short-term positions I had. I'm not concerned about long-term holdings. For the short term, the strategy is to buy low and sell high. If the Nasdaq's intraday chart shows a bottoming-out and recovery after a 3% drop tonight, as per the usual practice, I'll remind everyone that they can try a small intraday T trade for fun. The current market is exhausting. For long-term investing, the low liquidity in the night pre-market session means there's no need to panic.
Of course, if the market opens directly in the green by more than 2 points tonight, my advice remains the same: sell first, buy back later. The upward pressure on the broader market is still too great.
The above are personal views for reference only. Everyone should operate according to their own actual situation.
$Micron Tech(MU.US)$Western Digital(WDC.US)$Sandisk(SNDK.US)
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