We shorted about half of the $QQQS today. I entered short positions as soon as the NASDAQ got rejected at the 50 EMA.
@martinlukkt would have been proud of me.
I watches almost every YouTube-Stream of him. Becoming used to tight stops was a gamchanger last year.
Open Shorts: $ASML $VRT $FIX $AMD $DELL $LITE $SMTC
Masterpiece.. It’s not that I don’t know any of these Stories or setups but it’s just the mental side, the motivational side what brings light and drive into my swingtraders mind, again and again.
Thanks 🙏🏼 @jackschwager@Qullamaggie
We just bought Gilead Sciences $GILD a leading biopharmaceutical firm that discovers and develops innovative therapeutics for life-threatening diseases. The stock is currently attempting a structural breakout, clearing its long-term descending trendline and holding constructively above the daily EMA bands. This setup offers a good risk-to-reward ratio, with a stop at $131.25.
Today, the last major leaders of the market capitulated. Even the strongest stocks—including heavyweights like $Dell, $AMD (I was both long) and various software names—took massive hits. When former market leaders from $Micron and $SanDisk to $AMD and $Dell get sold off like this, it is a glaring warning sign.
In trading, we refer to this kind of market behavior as an "Expectation Breaker."
What exactly is that? An Expectation Breaker is a candle or price movement that occurs unexpectedly, violating the established chart pattern and his recent normality. It shatters the psychological expectations of market participants. In the $QQQ , we already triggered this disappointment/expectation break back on June 5th. But we were handling the marketchoppiness good, so we didnt need to cut size till yesterday.
When an Expectation Breaker occurs, it typically leads to one of two scenarios over the coming days and weeks:
-Extremely choppy price action: The market becomes highly volatile, noisy, and unpredictable.
-A deeper sell-off: The market is preparing for the next leg down. Since I currently see almost no stocks holding up or showing strength, the evidence heavily points toward these scenarios.
My response: 100% Cash & Watch-and-Wait Mode. None of us has a crystal ball, and we cannot predict the future with certainty. But in swing trading, the number one priority is capital preservation. That is why I pulled the plug today.
My focus now shifts to scanning the horizon for fresh relative strength—perhaps in different industries, sectors and stocks that aren't on the mainstream radar yet.
@801010athlete has no bs talk, just showing real Swingtrading experience with some of the best entries, wonderful tight Stops and explanations.
If you are looking for a real one, he is one of them.