Nasdaq is in technical correction and the Big tech firms’s share prices have dropped more than 10%. With the Middle East conflict getting worse, rising energy and food costs reignite inflation concerns. The stock market may face more pain in the coming week. The “buy the dip” sentiment has now given way to “sell the rally”, which seems to be the more effective strategy at the moment. From the fundamental perspective, investors will flock back to the stock market once U.S. and Iran can effectively ink a peace deal. From the technical perspective, the Previous rally highs are the key support levels. 6300 and 6100 are the supports for $S&P 500(.SPX)$. We should stay confident over the long term and re-enter to buy the dip for fundamentally strong stocks like the Magnificent 7 big tech stocks such as $NVIDIA(NVDA)$ $Apple(AAPL)$ and $Amazon.com(AMZN)$ Thanks @Tiger_comments @TigerStars @Tiger_SG Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
