This rule has proven success, & will guarantee your portfolio to outperform the S&P 500 year after year…
Buy stocks when $VIX is $30.
Buy even more stocks when $VIX is above $45+
Sell stocks when $VIX is $14.
& simply repeat the cycle!
Today is a good day! 📈 $EWG $EWGFF
On time audited annual 2025 financials. The foundation is now set.
Next up the 2025 quarters coming next week and then we are completely caught up on our continuous disclosure obligations. Then we submit our application to lift the CTO and resume trading.
https://t.co/waWElOyZ9L
$MRVL (long) - New ATH
What a beast!
"5 consecutive gap up" which takes out the old ATH is a sign of strength.
You can see that the "ATR Extension Multiple from 50sma" (concept by @jfsrev) has been flashing (those orange dots) for the past few days, this is usually an alert for traders to start considering selling into strength.
But imo when a stock like $MRVL which has just come out from a big base consolidation (i.e. the 50sma has been relatively suppressed/ flat) vs has been steadily increasing for a while before that), PLUS just conquered the previous ATH with ease despite the extension feel, it is not a place to simply sell into strength.
A similar example would be $APP in 2024, after breaking out from its previous ATH in 2021, $APP, it just keep running despite the extension indicator flashing for 32 times consecutively (another 40% gains since the first flash). Note this is not saying that $MRVL will be the same as $APP, IYKYK.
Personally I trimmed some on its 3rd gap up which is before the old ATH, but today I corrected my bias by buying back some of what I trimmed, following the small "turn" above the pivot (another show of strength).
Majority of the Mag 7's are setting up for a breakout in the future.
A dip buy makes sense for a swing trade.
On my watchlist and will let you know.
$AMZN
$META
$GOOGL
$AAPL
@Bananaan3Stocks decent earnings but wow they are destroying the stock! guess the unusual flow of 150 for SEPT was just a hedge on a short position $VRT