Cuma seans\u0131 Per\u015fembe g\u00fcnk\u00fc paterni izledi: premarket i\u015flemlerde Nasdaq\u2019taki erken g\u00fc\u00e7, a\u00e7\u0131l\u0131\u015f zilinin ard\u0131ndan h\u0131zla s\u00f6nd\u00fc. Sat\u0131\u015flar hedeflenen bir a\u015fa\u011f\u0131 y\u00f6nl\u00fc seviyenin alt\u0131na sarkmay\u0131 tetikledi; ard\u0131ndan bir tepki geldi ve sonras\u0131nda g\u00fcn i\u00e7i diplerin yeniden test edildi\u011fi ek bir geri \u00e7ekilme ya\u015fand\u0131. B\u00fcy\u00fck \u00f6l\u00e7ekli teknolojide liderlik bir kez daha rotasyon g\u00f6sterdi; hyperscaler\u2019lar ve bellek hisseleri dahil yar\u0131 iletkenler z\u0131t y\u00f6nlerde hareket etti. Artan capex\u2019e ba\u011fl\u0131 \u015firketler bask\u0131 alt\u0131nda kal\u0131rken, en b\u00fcy\u00fck platformlar daha dengeli seyretti.<\/p>\n
Y\u00fcksek getirili (high-yield) \u015firket tahvilleri de duraksad\u0131; bu, hafta sonuna girerken risk i\u015ftah\u0131nda bir frene i\u015faret etti. Haber ak\u0131\u015f\u0131 ard\u0131ndan jeopoliti\u011fe kayd\u0131: Suudi Arabistan\u2019daki sald\u0131r\u0131lar piyasalar\u0131 \u015fa\u015f\u0131rtt\u0131. Bu s\u0131rada ham petrol fiyatlar\u0131 yukar\u0131 e\u011filim g\u00f6sterdi ve geri \u00e7ekilmeler al\u0131m f\u0131rsat\u0131 olarak de\u011ferlendirildi.<\/p>\n
T\u00fcrev i\u015flemcilerin \u00f6n\u00fcm\u00fczdeki haftalarda Nasdaq \u00fczerindeki a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131n\u0131n s\u00fcrmesine haz\u0131rlanmas\u0131n\u0131; k\u0131sa vadeli rallileri sat\u0131\u015f f\u0131rsat\u0131 olarak de\u011ferlendirmesini \u00f6neriyoruz. Premarket g\u00fcc\u00fcn\u00fcn a\u00e7\u0131l\u0131\u015f sonras\u0131nda h\u0131zla eridi\u011fi son d\u00f6nem paterni, teknoloji sekt\u00f6r\u00fcnde kontrol\u00fcn h\u00e2l\u00e2 sat\u0131c\u0131larda oldu\u011funu g\u00f6steriyor. Nasdaq 100\u2019\u00fcn mevsimsel olarak yaz sonu d\u00fczeltmelerinde tarihsel ortalama %5 ila %8 aras\u0131 geri \u00e7ekilmeler ya\u015fad\u0131\u011f\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda, g\u00fcn i\u00e7i s\u0131\u00e7ramalarda yak\u0131n vadeli put opsiyonlar\u0131n\u0131n kullan\u0131m\u0131 olduk\u00e7a uygulanabilir g\u00f6r\u00fcn\u00fcyor.<\/p>\n
Yar\u0131 iletken \u015firketlerle b\u00fcy\u00fck hyperscaler\u2019lar aras\u0131nda belirgin bir \u00e7eki\u015fme izliyoruz; b\u00fcy\u00fck sermaye harcamas\u0131 (capex) kazananlar\u0131 g\u00fc\u00e7l\u00fc sat\u0131\u015f bask\u0131s\u0131yla kar\u015f\u0131la\u015f\u0131yor. Bu e\u011filim, \u00e7ip hisselerinin haftalar i\u00e7inde yaz\u0131l\u0131m devlerine kar\u015f\u0131 %12\u2019nin \u00fczerinde geride kald\u0131\u011f\u0131 tarihsel rotasyon \u00f6r\u00fcnt\u00fclerini takip ederse, yat\u0131r\u0131mc\u0131lar\u0131n yar\u0131 iletkenlerde \u201cd\u00fc\u015fen b\u0131\u00e7a\u011f\u0131 yakalama\u201d giri\u015fiminden ka\u00e7\u0131nmas\u0131 gerekir. Bunun yerine, oynakl\u0131\u011f\u0131 savunmac\u0131 teknoloji devlerini alarak ya da zorlanan yar\u0131 iletken hisselerinde ay\u0131 call spread (bear call spread) kurarak i\u015flemeyi \u00f6neriyoruz.<\/p>\n
Hafta sonu Suudi Arabistan\u2019daki sald\u0131r\u0131lar jeopolitik risk primini yeniden y\u00fckseltti ve petrol\u00fc y\u00fckseli\u015f y\u00f6nl\u00fc t\u00fcrev stratejiler i\u00e7in \u00f6ne \u00e7\u0131kan bir hedef h\u00e2line getirdi. Tarihsel olarak Orta Do\u011fu\u2019da ani arz tehdidi, Brent petrol fiyatlar\u0131n\u0131 neredeyse an\u0131nda %3 ila %5 yukar\u0131 ta\u015f\u0131yabiliyor; bunun enerji vadeli i\u015flemlerini desteklemesini bekliyoruz. WTI ham petrolde geri \u00e7ekilmelerde call opsiyonlar\u0131yla agresif bi\u00e7imde al\u0131m yap\u0131lmas\u0131n\u0131 tavsiye ediyoruz; zira bu d\u00fczeltmeler k\u0131sa \u00f6m\u00fcrl\u00fc kal\u0131yor ve h\u0131zla al\u0131mlarla kar\u015f\u0131lan\u0131yor.<\/p>\n
Y\u00fcksek getirili \u015firket tahvillerini de yak\u0131ndan izlemek gerekiyor. Bu varl\u0131k s\u0131n\u0131f\u0131 yukar\u0131 y\u00f6nl\u00fc ivmesini durdurdu ve daha geni\u015f piyasada teredd\u00fct sinyali veriyor. High-yield kredi spread\u2019lerinin a\u00e7\u0131lmas\u0131, genellikle y\u00fcksek beta teknoloji hisselerinde daha derin bir d\u00fc\u015f\u00fc\u015f\u00fcn \u00f6nc\u00fcl\u00fc oluyor. Kredi piyasalar\u0131na yak\u0131n takip, riskten ka\u00e7\u0131\u015f e\u011filimi yay\u0131l\u0131rken bir sonraki k\u0131sa pozisyonlar\u0131m\u0131z\u0131n zamanlamas\u0131n\u0131 daha iyi yapmam\u0131za yard\u0131mc\u0131 olacakt\u0131r.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" Nasdaq\u2019ta premarket g\u00fcc\u00fc a\u00e7\u0131l\u0131\u015fta h\u0131zla s\u00f6n\u00fcyor; sat\u0131c\u0131lar kontrol\u00fc b\u0131rakm\u0131yor. Yar\u0131 iletken-capex hisseleri bask\u0131da, HY tahvil duraklad\u0131. Suudi sald\u0131r\u0131lar\u0131 petrol\u00fc yukar\u0131 \u00e7ekti; ralliler sat\u0131\u015f, dipler put\/call f\u0131rsat\u0131.<\/p>\n","protected":false},"author":87,"featured_media":49983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t