Misc Stock Market
- Thread starter ForsythSnow
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Great move there Jimmy, way to play the OTC!
I might have jinxed it the other day when I was touting it's strength. So many stocks giving up the 10w and even the 20w.
It's still not bad but a weekly close below the 10w will bring the 20w into play.
$AAPL below the 30w....that's no man's land. This isn't a chart that you look at and think the it's going to make a run back to $140. And if Apple isn't going to make a run then large cap tech isn't.
small cap with 2 week sell off. Is this just a pullback or we about to full flush this
Momo stocks and particularly tech are a mess. I expect we'll get some solid footing back again in 2-4 weeks. You still holding FRSX?
I had moved to a lot of cash but heavier some conviction names...needless to say that didn't work out. That was for my IRA. But, I am back in a lot of cash for everything. I actually bought some SPAC's near NAV to park some cash.
I bought 3500 shares of GIK at $10.43 this afternoon. Sold 1000 at $10.90 and holding the rest. I also added PDAC at $10.40 and GSAH May $10 call for $.60. GIK has merger end of April but PDAC isn’t until June/July so that’s longer hold. GSAH is close to announcing a target. With the floor being $10 the risk is lower.
So many charts with an h double bottom pattern or on the verge of one as in Tesla. Do they break further or bounce. I’m not getting the warm fuzzies.
SPY looks like it’s on edge of a cliff. It’s barely pulled back from its ATH’s...so odd to see tech obliterated and yet SPY still handling in there.
Qs with potential h setup.
Qs with potential h setup.
FFS. My IRA’s are down 6% on the year....in 3 freaking months. 
Clearly I have been to aggressive.
Clearly I have been to aggressive.
Amazing the difference a month makes in this market. I have to train myself to forget the way I was able to trade the past year. Might not be all bad, Charts seem to be more usable again but man it's been a rough month.