Are you ready to have your mind blown?
Since 1989, money invested when the market is at all-time highs has actually outperformed money invested on any given day. π€―π€―π€―
$OKLO weekly here showing 3 weeks down into previous resistance turned new support. Able to get traction from here, nothing wrong with the long term chart in my eyes.
This is a worthwhile chart if like me, you believe that eating foods w/high complete protein to calorie ratio (CP:CR) is important for satiety and health. Aside from the mispronunciation, Seitan is one I will look into more as I generally veer toward animal based CP:CR proteins.
Wondering aloud if this $CRWV is beginning to show a head and shoulders top π€ textbook volume patterns with the new high, the βheadβ, coming on significantly less volume than the first high, the βleft shoulder.β This is considered waning enthusiasm from bulls. Neckline seems to be 20ema π§π§if we see growth continue to get smoked, would make a lot of sense. Keeping my head on a swivel out here.
Trading is keeping lots of mental tabs on different names. Have been keeping this $DHI in the back of my mind since they reported a disgusting quarter and actually gained on the report. Have been watching it slowly setup and was able to capitalize on the move today when the market rotated to value names. If I am not keeping these tabs during earnings season I don't have the confidence to put this risk on - personally.
Similarly, $TEM officially failed today. While the trade over the last few weeks did not work, I will keep close tabs on the name for some sort of catalyst as the stock remains in a beautiful monthly IPO base. The action over the last week does not change my long term thesis for the stock -- it's just not ready yet. One day it will be.
Further, coming into the day $SMR was by far my favorite setup. This is why I believe it's important to keep eyes on all sectors, at least loosely. Watching the opening action, everything with tech and beta was very weak from the opening print. Recognizing that I was watching so many technical setups in non-tech land like $DHI, $BJRI and $MDLZ, I was able to quickly adjust and scoop this DHI through the inside day high at 129.50, because it was all planned out the night before.
Lastly, I said I wouldn't trade this week and I couldn't make it 2 days. I am an addict π