I like salmon and I speculate. Documenting trades and notes on here, primarily UK & US growth stocks. All tweets are for fun and should not be taken seriously
I trade mainly UK and US growth stocks. Posting thoughts and trades on here and looking to learn and understand more about trading/investing/speculating.
Heavily influenced by O’Neils ‘How To Make Money In Stocks’ and other trading books and some great FinTwit accounts...
Many have expressed frustration with the lack of follow through (beyond short term pops) from breakout levels. What do you expect when most of the market is in a consolidation? Never judge the market by the number of stock setups... judge it by the number that are working.
If you look beneath the surface you will see a correction that has not yet run its course. NASDAQ is trading up near the highs above the 50-day & 200-day lines. But the % of stocks above their 50-day is below 50% and the % of stocks above their 200-day is noticeably diverging.
I continue to buy only pullbacks in strong groups, while avoiding just about every breakout which are not following through. Stick to the leading groups like oils, steels, financials, agriculture and retailers. Still staying away from most technology stocks.
Two of the major cloud providers reported today:
Azure (Microsoft): >$30B run rate, growing 46% YoY. Slight deceleration from last Q 48% growth
Google Cloud (includes GSuite): $16B run rate, growing 46% YoY. Slight deceleration from last Q 47% growth
Impressive quarters
@duckman1717 Congrats and all the best dude! Thank you very much for documenting so much on here, I and many others really appreciate it. I have learnt a lot from you and will re-visit many of your tweets 🦆
Still seeing plenty of hesitation when there should be strong follow-through. Examples yesterday $YETI & $FND. Today $TSLA and $RBLX. There are many more. For now still mostly paying to buy pullbacks instead of breakouts
Only 1 larger loser this week
#SCE -5.3%
Reduced BG Positive Change and sold #ERGO
Increased holdings in #SMGB, #BOTB & #FUTR
Really pleased to see Slater Investments taking a 9% stake in #BOTB
#SalmonSummary#BOTB great action again.
#RENX just below 50SMA (1p in it) better action today, leash tight still.
#ITM trying to break LOLR
#GBG right side of base forming, eyeing early entry
US: RS in $SNAP $SQ $PINS $SE $ROKU, same names
$UPST undercut last weeks candle
#SalmonSummary#ITM straight back in downtrend channel.
#BOTB fine #RENX on tight leash
US, tough day out there. RS in $PINS $SNAP $SQ $ROKU $SE
$UPST ouch
Still watching $SLQT $SI $RBLX to see what happens.
#IPO $RBLX has set up an @mwebster1971 ipo base, with possible early entries at STL (passed it) or HTL (ahead). Very large IPO as raised $8.9B, and very liquid as AD$V for last 10 days is $396M per day. This is a big boy sandbox at that $ vol
#SalmonSummary#RENX unable to reclaim 50SMA
#BOTB strong
#ITM breaks SR downtrend on low ish vol
$PINS standing out for me RS wise
$UPST keeping tight
$SLQT teases ATH
Also liking $SI action