Weekly routine came up with much more than expected as the rally attempt continues. Large caps are leading the way. Tech names are weaker but $NVDA looks good. Volume remains lights. Geopolitical headlines risks still abound. Know your earnings dates!!
closed my short this morning and took $AAPL, $AMZN, $CIFR overnight. $AAPL was heavy but small position now. Not trusting this rally is just going to go to ATH (qqq that is) but think it has a little more room to go. Weβll see what happens.
With the markets close to a follow through day and the $NASI turning up I thought I'd share my 3 month RS names above 80 from my watchlist.
Know your earnings dates!
Once you master sitting in cash, you are set for life.
Itβs like having a protective shield around your capital.
You no longer need constant action.
You understand that avoiding bad periods is just as important as making money during good ones.
@danshep55 I randomly stumbled on your twitter and now you are becoming one of my favorite follows - thank you for spreading your knowledge to the twitter community!
@Scot1andT Almost certain these are bots. I hope you donβt take it personally, which I doubt you do, as for every dumb post, there are thousands of traders that truly appreciate your posts.
Strong uptrends can keep going far more than most expect. However, finding a great time to buy is not when stocks are already up big on the day. For a different view of how to handle hot markets, have a watch of today's video
How a Market Maker Buys Stocks
https://t.co/u1Cm6MZfVc
$GEV $PLTR