$SKHYNIX Hynix’s positive news is already priced in, while $SNDK SanDisk still has room to rally before its earnings report! The Fed is the real key tomorrow!
First, Hynix: its earnings are out. No matter how good the results are, the market had already priced in some of the expectations, so there probably won’t be much more upside from here. Once SanDisk’s earnings come out, Hynix will start to fall.
Now let’s look at SanDisk. Its short-term trend remains strong, and it’s not far from the 1400 level. Its earnings haven’t been announced yet, so the market will continue to price in storage demand and earnings expectations. I’m leaning bullish: you can enter directly around 1370, with a target above 1400.
Finally, the Fed meeting tomorrow is what we really can’t ignore. The market has largely priced in no change in October. What will truly drive the market is Warsh’s assessment of inflation, employment, and financial conditions, and whether he leaves a clear opening for another rate hike in December.
To sum up: don’t chase Hynix; keep taking long positions in SanDisk and look for a move above 1400. Manage your position size ahead of the Fed meeting, so you don’t give back all your profits and miss the one-way move that could follow!
#谷歌财报能否守住基本盘 #微软财报能否兑现ai红利 #FOMC会议
First, Hynix: its earnings are out. No matter how good the results are, the market had already priced in some of the expectations, so there probably won’t be much more upside from here. Once SanDisk’s earnings come out, Hynix will start to fall.
Now let’s look at SanDisk. Its short-term trend remains strong, and it’s not far from the 1400 level. Its earnings haven’t been announced yet, so the market will continue to price in storage demand and earnings expectations. I’m leaning bullish: you can enter directly around 1370, with a target above 1400.
Finally, the Fed meeting tomorrow is what we really can’t ignore. The market has largely priced in no change in October. What will truly drive the market is Warsh’s assessment of inflation, employment, and financial conditions, and whether he leaves a clear opening for another rate hike in December.
To sum up: don’t chase Hynix; keep taking long positions in SanDisk and look for a move above 1400. Manage your position size ahead of the Fed meeting, so you don’t give back all your profits and miss the one-way move that could follow!
#谷歌财报能否守住基本盘 #微软财报能否兑现ai红利 #FOMC会议
