For the Mag 7 like $NVIDIA(NVDA)$ $Tesla Motors(TSLA)$ , I still believe in the long-term story, but technically they don’t look ready yet. I’m not rushing in—I prefer to scale slowly or wait for stabilization instead of catching a falling knife.
I don’t think the market is fully bearish, just fragile. I’m keeping some cash while sticking to my strategy, and I’ll look to add more if the $S&P 500(.SPX)$ tests stronger support levels. For now, capital preservation matters just as much as finding the next entry.
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