More Bad News for the Nasdaq tomorrow .... this is not good !

[derektrader]

China is planning for comprehensive policies to bolster its domestic semiconductor industry in a retaliatory move to counter the Trump administrations restrictions, wrote Bloomberg. Leaders in China are "preparing broad support "for third-generation" semiconductors through 2025, added the story. " A suite of measures to bolster research, education and financing for the industry has been added to a draft of the country's 14th five-year plan, which will be presented to the country's top leaders in October, the people said," noted Bloomberg. Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN), Broadcom (AVGO), Applied Materials (AMAT) and KLA Corp.(KLAC)
Also Lrcx, swks, and a bunch of others.

 

[S2007S]

China is planning for comprehensive policies to bolster its domestic semiconductor industry in a retaliatory move to counter the Trump administrations restrictions, wrote Bloomberg. Leaders in China are "preparing broad support "for third-generation" semiconductors through 2025, added the story. " A suite of measures to bolster research, education and financing for the industry has been added to a draft of the country's 14th five-year plan, which will be presented to the country's top leaders in October, the people said," noted Bloomberg. Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN), Broadcom (AVGO), Applied Materials (AMAT) and KLA Corp.(KLAC)
Also Lrcx, swks, and a bunch of others.

Was wondering why the semiconductors were all down after hours. Nvda took a nice swing down along with the others that have been leading the nasdaq one way, up. This is some wild news for this industry that no one saw coming.

 

[Tradex]

More bad news you said? Then short the Nasdaq, where is the problem?

 

[derektrader]

I dont short.

 

[Tradex]

I dont short.

Why not?

Why would you limit yourself to long only positions?

And what would you do during bear markets, go fish until it's over?

 

[maxinger]

Bad News for trading Nasdaq is Margin has increased .... this is not good!!!

Other than that, its movement is excellent for day trading.
Meanwhile, don't fear or worry about
China vs NQ. Simply trade China market and NQ.

 

[Tradex]

Bad News for Nasdaq stuff is Margin has increased .... this is not good!!!

You can still use put options to make a bet on this alleged bad news.

 

[Tradex]

Other than that, its movement is excellent for day trading.
Meanwhile, don't fear or worry about
China vs NQ. Simply trade China market and NQ.

That's more like it, that's the spirit!

Bad traders see financial events as potential problems, good traders see them as fantastic trading opportunities.

 

[maxinger]

That's more like it, that's the spirit!

Bad traders see financial events as potential problems, good traders see them as fantastic trading opportunities.

Right.

and to double the profit, trade China market and also NQ.

 

[Tradex]

and to double the profit, trade China market and also NQ.

Yep, it's called the double cheeseburger trade.