$U classic bottoming wedge going back 1 year; now vol surge as stock breaks the chain. After healthy test of 200 dma stock ripped higher yesterday up 15%+ as vol surges again. We took advantage of the weakness & employed ARMR Day Trading tools to increase the position size -> 📈
Is $SNOW carving out a bottom? Note the 4 quarters of healthy revenue expansion even in a tough Macro & less than street expectations. When the cycle turns there is leverage in the business model that is compelling.
Oh, I SO need to read this! Anyone else feel like your ability to see the whole vision makes things more complex than they need to be?
Why Complexity Is Killing Your Chances Of Success In Business | Time etc https://t.co/tRH9vhUy1S
We are focused on resurgence of the Metaverse. Began toe-dipping into Metaverse theme with investment in…$META, added $ADBE [GenAI & Meta story], which led to $U when $AAPL deal hit the tape. Yesterday we covered $RBLX EPS call from May; determined time is now to add this asset.
$U suffered decline from above $200 --> <$25 & now sits just above the 200 day moving avg. at $38ish.
Business was already turning around as described in the last Q EPS call and then $AAPL announced a collaboration with U.
The highlighted chart of the day has to be $SOXX [Semiconductors]. This group as a whole has so many impressive technical chart breakouts it deserves a close look. There are simply too many Semi stocks we could own here and so we’ve chosen to own $SOXL [3X SOXX].
We don't care re: #CPI on the ARMR desk. We follow a strategy of diversification specifically for days like today: ARMR Day Trading, Swing & Invest portfolios.
We read and react to price action & leave the “guessing” to the entertainers of the circus.