Wednesday, July 20, 2022

breakout yesterday?

Yesterday we did get the break above levels. Right into the 50mas, but OK, there's going to be a lot of overhead levels from where we are. I was disgusted to buy TQQQ yesterday in my swing account (right, though, buy when uncomfortable?), and today, it's not yet following through. 

This morning, no great picks. Maybe paper trade.



 

Monday, July 18, 2022

be skeptical of bear mkt rallies

In a bear market, be skeptical of rallies. 
Today was a great example. 
At the open, I thought maybe we would trade above this wedge. QQQ also was close to the break level. But, you know, "something happens" (today was it aapl news?) and it suffices for a catalyst for fear.



SPY








I got some spxs in my plum(swing) account, and I made a little smidge on SPY 0dte puts, but I traded it too scared bc expiration and the move came at 3:40. Coulda shoulda. Peace.



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