$NASDAQ(.IXIC)$The stock market rally today, and also give a rally sign on weekly chart. So we will expect the market get more chance to continue this rally.
The investors are confident to chase this rally because the company earnings not bad, and the price is much cheaper than the beginning of this year.
Please remember the bear market is not done yet since there's no clue when the inflation will be controlled. However, it's an opportunity for short term investors to get money from this rally.
As I mentioned, $Tesla(.tsla)$ is worth to buy, also semiconductor section will be stronger than other sections (but not hold too long).
Another area we can focus on is China section, because the 20th meeting will be done at this weekend, I will expect a more comfortable environment for business since polite pressure turning down. If so, it will be a good timing to chase $.Baba$, $.JD$, $.LUCKIN$, $.NIO$ etc.
The economy data we will keep in mind are:
Mon: Manufacturer PMI
Tue: consumer confidence index
Thu: jobless claims
Fri: PCE price index
Comments
I won't dump Ltd resrc into a sinking hole not unless int"l funds go back in. Unlikely though.. U only need to witness AAPL is pivoting or attempt to pivot manufacturg away from China..