Why I'm not worried about this tech selloff (but you should be doing THIS)
By Gianni Di Poce
Another day of profitable trading.
Today I booked a sweet 44% gain on Robinhood when it hit our $95 target. Not bad for the first day of Q3, right?
But here's the thing...
While everyone's freaking out about the NASDAQ struggling and semiconductors wobbling, I'm seeing something completely different. The Dow is leading today. The S&P is making a nice comeback. And yeah, we're still in a bull market.
But time's running out.
Look, I've been calling this the Great Tech Reset for a reason. Technology is literally one day off its all-time high, and I'm not about to change my entire thesis because of one down day. That's not how we do things over here.
But if you've missed this rally so far?
Do NOT chase it at this point.
I need you to take a deep breath because there's going to be a beautiful entry opportunity coming in the next month, maybe six weeks.
The last thing you want to be doing is irresponsibly chasing this move at this phase.
Here's what I'm really watching:
- The one signal that will tell me we're about to top out (and it has nothing to do with the major indices)
- Why the "easy money" dollar short trade is basically done - and what that means for your positions
- The specific type of names I'm waiting to see explode higher before I start getting really defensive
Microsoft hit new all-time highs yesterday. Apple's finally rewarding us after weeks of patience.
But the bigger opportunities? They're still in semiconductors and tech names that are setting up for the final leg of this move.
Bottom line: We're getting later in this rally where the primary focus needs to be booking profits, raising stop losses, and protecting what you've made.
Watch today's full market breakdown here - I break down exactly what I'm seeing, which names are still moving, and the specific setup I'm tracking that could make or break the next few weeks.
Don't be the person giving your money to someone who watched this.
Talk soon,
Gianni
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