thenexxtrade MARKET REPORT JUN 2022
CASH IS KING!
CASH is currently the best hedge ( not Bitcoin, Cryptocurrency obviously ) against such brutal market that took out both long & short, depending on your time frame.
VIX is very telling that it might break previous high now that it is onside with momentum is picking up. As VIX and the indexes are inversely related. The SPY, NASDAQ & DOW will be testing their previous low. Pretty sure retailers will attempt to bottom fish in the coming weeks.
In the East, the Taiex who is closely related to the West suffered the same fate as Taiwan is heavily dependent on the Semiconductors industry. I believed the Supply & Demand are playing catch up now. Take a look at the SMH. The Momentum Theory Indicator have warned us on the bearishness on the divergence!
The only positive looking index will be the HSI. We will be watching the line closely and have pick up some names in our Watch list. They are fulfilled our quantitative filtering that are fundamentally healthy and undervalued companies!
I have shorted the SPY/NASQ/DOW since early 2022 and have been increasing my cash allocation. If you have missed the. shorting opportunity. You will just do fine by increasing your cash position.
If you are keen on any companies on the HSI, we will be happy to take a look for you!
You may also wish to pick up our Watchlist to go along!
Cheers and happy weekend to all traders!
CASH is currently the best hedge ( not Bitcoin, Cryptocurrency obviously ) against such brutal market that took out both long & short, depending on your time frame.
VIX is very telling that it might break previous high now that it is onside with momentum is picking up. As VIX and the indexes are inversely related. The SPY, NASDAQ & DOW will be testing their previous low. Pretty sure retailers will attempt to bottom fish in the coming weeks.
In the East, the Taiex who is closely related to the West suffered the same fate as Taiwan is heavily dependent on the Semiconductors industry. I believed the Supply & Demand are playing catch up now. Take a look at the SMH. The Momentum Theory Indicator have warned us on the bearishness on the divergence!
The only positive looking index will be the HSI. We will be watching the line closely and have pick up some names in our Watch list. They are fulfilled our quantitative filtering that are fundamentally healthy and undervalued companies!
I have shorted the SPY/NASQ/DOW since early 2022 and have been increasing my cash allocation. If you have missed the. shorting opportunity. You will just do fine by increasing your cash position.
If you are keen on any companies on the HSI, we will be happy to take a look for you!
You may also wish to pick up our Watchlist to go along!
Cheers and happy weekend to all traders!
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