Hey all, if you were to look at my portfolio right now, you'd probably be surprised at how much my allocation is shifted towards semiconductor names like NVDA, SMH, AMD, AMAT; I look at all these charts and see nothing except for upside in the near-term. Names are all overdue a significant bounce and are basing as I write this post. In my eyes, it's a matter of time until these names ramp to the upside. I would not be surprised at all if TSLA's earnings call tonight catalyzes things. Even IF this trade does seem to go awry(Which I sincerely doubt will happen), I expect there to be easy exit opportunities at break-even, but I'll worry about that if we get to that point. Regardless, I think semiconductors long here is the best trade in the stock market over the next week.
I believe AMAT is my biggest position long, SMH second largest, then NVDA/AMD
I believe AMAT is my biggest position long, SMH second largest, then NVDA/AMD