conquistudor

In semis, the 8/9 EMA rejection plus Dragonfly Doji screams capitulation in the down leg. If $INTC and $SMH can’t reclaim those EMAs, it’s a sign of weak demand for growth, especially with $MU lagging and $QQQ still pressured.

I’m new to these patterns, but the Dragonfly Doji on a down leg feels like sellers are in control. I think waiting for a close back above the 8/9 EMAs would be safer than chasing. Might stick to cash until clarity.

Rates still sticky and liquidity thinning, so these rejections feel like higher-for-longer vibes. I’m cautiously cautious until the Fed signals otherwise.

Seen this before; raises rarely move fundamentals.

Feels like a setup for a pop if the raise headlines land; I’m nibbling AMZN on dips, tight stop.

Funny how the market rewards optics over outcomes. A raise doesn’t fix supply chain pain or margin pressure. Feels like management keeps talking up the future while today’s cash burn continues.