Monday 7 February 2022
I've exited the $BROS swing trade at 61.38 for a +27.90% gain on the partial. Which gives a 21.25% gain on the overall 5 day trade. It could keep going, but has treached my intial 62 target. So happy with booking a quick gain, and will likely revisit it again.
I've exited my swing trade in $CF as well at 73.13 for a small +5.07% gain on the partial. Which is +6.26% on the overall trade.
If the test in the major indexes starts to fail again. Then $FNGD, which is the -3x FANG Index etf might be a way to play the short side through an inverse ETF.
As I talked about in the weekend video part 2. The homebuilders group is in a vulnerable position for a potential Stage 4 breakdown attempt in numerous stocks in the group if the market weakens again.
$COIN with crypto currencies showing some short term improvement the crypto related stocks are perking up a bit. COIN at the top of an intraday Stage 1 base, as are other stocks in the group like MARA, HUT, RIOT, CORZ etc
$QCOM rebounded back up into the intraday Stage 3 range on earnings, but has since failed to make progress and is struggling around its high volume nodes. So potential for a breakdown attempt into intraday Stage 4 again if the market weakens.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.