🧠 Market Sentiment & Investor Psychology 📉

  • Investor psychology shifts rapidly: fear dominates downturns, then anxiety and limited dry powder emerge during rebounds, often paired with skepticism regarding rally sustainability 1, 5.
  • Margin requirement hikes during market bubbles stem from excessive retail leverage, not broader conspiracies 2.
  • Volatility is the cost of entry for growth investors; market “resets” are inherent processes designed to shake out weak hands before long-term trends resume 3.
  • Leverage combined with small-cap exposure and volatility forms a “death spiral” for portfolios (e.g., 80% drawdown from 9M to 2M); poor investments frequently originate during market booms, highlighting the constant struggle against human nature in investing 4.

🔮 Market Predictions & Technical Analysis 📊

  • $QQQ is primed for a relief rally after multiple “monster red days,” especially if it holds above $600 6, 8, 13.
  • NYSE breadth indicators show underlying strength, with new 52-week highs and the Advance-Decline line at all-time highs, challenging assumptions about bull market tops 7.
  • Institutional investors are in a selling spree, with hedge funds liquidating US single stocks at the fastest pace since October, driven by both short sales and long position unwinding 9.
  • Expect a significant “dead cat bounce” in numerous software stocks 10.
  • $SPY faces continued turbulence in February and March, marked by zig-zag movements and potential retests of Nov 2025 lows, despite any interim bounces 11.
  • NASDAQ 100 shows 31% of its components oversold (RSI < 30) – a level last seen during the April 2025 crash; watch software stocks for potential leadership in a rebound 12.

企業 & 行業深度解析 🚀

  • Microchip (QDec26) signals a strong recovery narrative post-1Q25 bottoming, with robust revenue growth (4% q/q, 15.6% y/y), positive bookings/inventory trends, and backlog strength through Dec26, though still 48% below its prior quarterly peak 14.
  • Bitcoin ($BTC) is exhibiting capitulation signals, including record Put Volume in Bitcoin ETF ($IBIT), unprecedented $IBIT trading volume, and 3-year low sentiment 15.
  • Amazon ($AMZN) has effectively round-tripped 5 years of gains, hitting $196 yesterday, akin to $TSLA’s long-term stagnation; consider dips below $200 a buying opportunity 16.
  • MicroStrategy ($MSTR) demonstrates a volatile trading history, famously recovering from a near -99.9% plunge to new all-time highs, yet recently experiencing an -82% drawdown from its peak 17.
  • Anthropic is pioneering the “Great Displacement of the Software Interface,” transforming AI frontier models into an enterprise instruction layer through usage-based economics, moving away from traditional per-seat subscriptions 18.
  • PayPal ($PYPL) faces an aggressive downtrend: 4 consecutive months down, 13 of the last 15 weeks, and 10 straight days. Its daily RSI is the lowest in the market, having erased nearly all gains since its spin-off IPO, coinciding with new CEO leadership 19.