US stock market is in very tough technical condition, where most support has broken down, famous 21 day support is broken, 50 DMA is gone for most critical stocks....
Furious rotation from technology stocks is underway
Even Cathie Woods cannot decide which technology stocks to sell or buy, its a coin toss every hour.
I am sticking to max 5 stocks and mostly day trading until technical repair is done.
As a general rule only " strongest stocks on technical level will make you money "
Rest of the weak ones do not have support until 200 DMA....
Here is how my week ended :
Sold GGLL in after hours @ $94.86
Last week UP 1.91%
YTD UP 63.16%
Here is my weighting based on 36% exposure on house money :
TSLL 61.86%
BIDU 38.14%
BLOG does NOT give buy or sell.
Saleem
No comments:
Post a Comment