Recently, semiconductor stocks have seen a significant surge. Taking Hynix as an example, they rose from a low of 1.8 million won to reach a 30% increase in just seven days.
Of course, there haven't been any other significantly rising sectors besides semiconductors, so you might ask, "Is this some kind of division selling?"
https://v.daum.net/v/20260619061006973
July rebalancing is approaching, and although it wasn't predicted for July, pension funds sold 1 trillion won this week. (Of course, foreign investors bought 1 trillion won, preventing a decline...)
The remaining events are:
Micron earnings announcement on June 25th
MSCI inclusion decision
Samsung and Hynix second-quarter earnings announcements in early to mid-July
That's about it.
However, since the pension fund has announced its intention to rebalance, unless foreign investors suddenly declare that only KOSPI is hopeful and start buying, there is a high possibility of a large adjustment in the future.
So, when should we start division selling?
Some people have already partially taken profits this morning. (You did very well... I'm envious ㅠㅠ)
And then, take some profit once before the Micron earnings announcement next week.
Reduce your holdings around the end of June,
and after observing the market in early July, board when the rally has progressed to a certain extent before the Samsung/Hynix earnings announcements.
This scenario seems highly likely. Of course, ants who are afraid of pension fund rebalancing may buy, but it seems almost impossible in the current atmosphere.
Looking at various indicators I create every day with AI, the balance is broken due to the leading sector, so the McLaren index is serious, but oscillator indicators are favorable and HY Spread is currently in good condition.
According to the indicators, we should enjoy an upward rally, and since NASDAQ, which I'm using as a leading indicator these days, has already entered a rebound rally, it seems like there's only room for growth. However, due to the desire for profit realization, I thought that we might go down once by using pension fund rebalancing as an excuse.
If there wasn't any talk about pension fund rebalancing, we would have enjoyed a thrilling rally from the 2nd to 4th week of July. Now I'm just wondering whether to leave it alone and see at the end of July, or take some profit and increase my cash holdings before re-entering.
