I know things were over valued, but down 31% in a month? Think thwy are throwing the baby oiut with the bathwater. Bought a conservative amountg 194's (JMHO)
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#2
slupert
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Posted 26 October 2018 - 10:06 AM
Hourly looks like Q's and NVDA are trying to hammer out a bottom, but investors might not want to hold over the weekend, we will see. (JMHO)
#3
Data
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Posted 26 October 2018 - 10:16 AM
NVidia was hit by the second round of tariffs. The stock is part of the FANGMAN crowded trade. If you add Intel and Adobe, you get the FANGMANIA portfolio.
SPX broke its Feb-Mar trend line which held on Wednesday. NYSE also has temporarily breached the February lows.
German DAX has broken down out of 2-year head-and-shoulders top. Italy has resumed crashing after 1-day respite after ECB left it to the EU on the budget deficit.
#4
slupert
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Posted 26 October 2018 - 10:35 AM
Forget the old news, Just watch Uncle Buck head south for the next couple months, market is in bottoming process now, thenwatch the bullistic tech rally in Nov. (JMHO)
Edited by slupert, 26 October 2018 - 10:37 AM.
#5
Data
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Posted 26 October 2018 - 10:57 AM
As with NVDA, a lot of stocks look like QCOM in 2000. Substitute AI Image Recognition for Broadband Wireless. Transfer of AI technology is a big bone of contention between the US and China.
My indicators were neutral before the market opened and probably still so after today. The best thing boding a pending market bottom is the defensive stocks joining the rest of the market in selling off.
#6
slupert
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Posted 29 October 2018 - 07:26 AM
Took the easy 10 points, premarket, now ill daytrade it. (JMHO)
#7
slupert
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Posted 29 October 2018 - 02:46 PM
Bought it back 26 points cheaper than i sold it 178.52 . JMHO
#8
diogenes227
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Posted 02 November 2018 - 02:37 PM
Bought it back 26 points cheaper than i sold it 178.52 . JMHO
If you still have this CONGRATULATIONS!
Not that you're asking, but if I were you (in this case, I wish...) I'd get rid of some if not all today.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
