[Husky's Pre-Market Briefing – August 28] Tech stocks are lifting the broader market, but don't rush to declare a bull market just yet.

$Nasdaq Composite Index (.IXIC.US)$ Tech stocks finally dropped the pretense yesterday. The Nasdaq posted a strong bullish candle with a gap up, and semiconductors also caught their breath. But on closer inspection—The gains were entirely driven by tech; other sectors remain dormant.So, don't be too quick to proclaim the return of the bull market. While the short-term momentum has indeed strengthened, chasing highs after a surge is risky—you might end up holding the bag at the peak. The market shift on the 27th could mark a local high. When the upper gap gets filled, if a large bearish candle suddenly appears, it signals a potential second retest. It’s better to wait until then to add to your position.

GOOG: The buy signal is looking a bit weak. $Alphabet-C (GOOG.US)$

It fell back to 342.39. The momentum behind the stabilization buy point has weakened. Although the stop-loss hasn't been triggered, the bullish sentiment has faded. Watch whether the Dragon Gate Line can hold; if it breaks, the outlook turns bearish.

TSLA: Played dead yesterday, came back to life today. $Tesla (TSLA.US)$

It broke below 346.9 but recovered within a day, confirming a bullish engulfing buy signal. Add to positions on a break above 366.5; set stop-loss at 340. Musk says: 'I'm back again. Surprise!'

MSFT: Rising too sharply; starting to look overbought.

Taking profits at the add-on point; price is at 505. However, the Huang K indicator is showing an overbought signal, and resistance near the previous high is close by. Hold existing positions, but do not chase if you haven't entered yet. If it fails to break through, consider taking partial profits.

META: Pulled back after a brief rally. $Meta Platforms (META.US)$

After hitting a high of 588, it pulled back, forming a harami pattern. The bullish outlook for the bottom remains, but short-term consolidation is needed. Hold existing positions; add more on a breakout, otherwise wait.

NVDA: Decline has stabilized, but caution is advised when chasing highs. $NVIDIA (NVDA.US)$

It reclaimed 213 and broke through 215, formally confirming a buy signal for the downtrend halt. However, if you didn't enter before the earnings report, buying now is essentially betting on continued momentum.

Wait for a pullback to the purple band before acting; don't get carried away.

One-Sentence Summary

Tech stocks surged, but other sectors didn't follow. The short-term strength is real, but don't chase. Waiting for a pullback offers better value. Hold existing positions; wait if you haven't entered. Chasing highs risks getting stuck.

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