US Tech 100 Index Cash forum
End then Wait for any more moves
In fact, this NVIDIA ban from China is not so bad. Also $5.5B is peanuts for tech giant. It will recover very soon. It is like a surgery. Sometimes instead of rushing and compete to the infinite, you can put traps on your opponent. What is clear is that if someone falls the other will also fall. At least temporarily. So that is a different point of view rather than panicking in a roller-coaster of emotions.
As you saw, everything became upside down without any notice.
As I am aware of, the dollar and all stocks fell down in this sudden wave because Nvidia reported after the market closed that USA banned them from exporting their new powerful chip to China and even they will not be able to export important stuff from China and that could make them lose 5.5 billion
Sure the investors expected that firms and companies will face the same destiny with the time and all started to sell before they will lose more in few coming months when the companies report their revenue and earnings reports!
In same time, that highlighted Tariffs topic again came to the show as all that happened because of Tariffs so the tariffs was one of main reason why the dollar fall in this way.
On other side majority of investors got rid of their dollar and stocks and found in the safe heaven (gold) their guard against the possible coming not easy days! Especially it is already in uptrend and raised in the first quarter this year with fast way I think which did not happen to a quarter for more than 30 or 40 years ago!
That will take us to the importance of moving our SL and to not trust the markets blindly based on our analysis, which could seem as perfect in our eyes. As sudden unexpected news or moves will not be your fault but not moving the SL to the entry or to the positive win zone will be the thing which you will blame yourself for!