S&P closed at 6000.36. The strategy is very simple, when under 6,000 you can buy in at any point you like, when between 6000 and record high 6147, can only buy those stocks at low and do not chase high. When over 6147, still can hold till the yearly target reaches 6600 which was mostly predicted by beginning of 2025. Now is in a cautiously optimistic state, but still need to watch the coming week which is most decisive.
After Warren Buffet announced retirement, he nominated Greg Abel as the CEO of Berkshire Hathaway as his successor. Some people said we should believe in the eyesight of Warren Buffet, the person he chose should be as powerful as he is. But on the other hand, a lot of people are thinking like me. Warren Buffet (God of stocks) is a superman, no one else can chase near him except Catherine Wood (Goddess of stocks). So they acted as me to sell out BRK.B as once and bought ARKW. Thus, now BRK.B fell greatly after the announcement and ARKW rose to a new high. This state will continue for a certain period.
AMD started to show a weak trend since Oct 2024, I said several times do not buy in for it has more room for falling. After the Liberation Day, that is on April 7th, it has a chance to end the falling and nearly every stock can be bought, now AMD formed a revers Head & Shoulders. As for TSLA, even I know that its robot taxi would come out in mid-June, even I know the Full Self Driving will come true in Dec, I said do not suggest buying unless you have a strong heart that can bear its great drop. Now stocks at high are MSFT, AVGO and NVDA, should wait for adjustment to buy in. Stocks at low are DXYZ, SOFI, AMD and GOOG can buy in now. Stocks in medium are MSTR and TEM are for those prepared to buy in at a fixed monthly rate. For rise of Bitcoin will not be in same pace with stocks, and AI medical doctor will became a trend.
So many obstacles in the coming week, EU, China, Ukraine, the chance of passing the block is also half to half on each item. Anyway, Dow Jones has already formed a Reversed Head & Shoulders, waiting for breaking upward. It is the slowest among the 3 major indexes. If it can go break upward, the market will enter into full 2nd half of Wave III.