FED meeting next week

 

Morning ... it is 6.45am now, overslept today. On semester break, so kinda lazying away ... 

Pullback in Nasdaq but energy-stocks helped DOW to close higher. We are in extreme greed level at the moment with FED meeting around the corner (next week Wed) ... so, time to reduce exposure again. 

SP500 hitting 4300 level before pullback last night to close 4268.

https://youtu.be/Z2-ASJH-3GE

Some even said it have to HIKE higher ...to 6%? that would crush the markets!!

Now there is 80% chances of PAUSE/SKIP in coming meeting but then ... they might have to hike again!!

https://youtu.be/KOEuytZoZO4

So ... the current markets (playing on AI stories) are way ahead of earnings and everything ... but we are NOT in euphoria yet ... wait for it. 

BUY oversold stocks ... strong large caps ... and keep some cash in case markets break the current 1370 support level. 

Trade short-term ...touch-n-go. 

Sold REVENUE 29.5, took 26 last Friday ... sold Velesto at 24 too last week. REDUCE exposure in small trades. 

Sold Kobay and SKpres at cost price they are still there ... not wanting to risk of holding these smaller ones. 

Note : i m still holding some stocks in large caps, oversold 

with FED meeting next week, keep cash and no trading for these few days. Go off ... relax.

TEH