2 replies to this topic

[dTraderB]

BUSY morning, now stepping back to evaluate. 

 

On first thoughts, this is a rally that is eminently SHORT- worthy! 

 

But, go to let it play out and then re-evaluate. 

 

Do not be a hero in shorting, do not be foolish to believe all about the rally.....

 

AM happy I took some profits during the recent declines even as I was vexingly hesitant to do so but money management and taking profits are always top priority. 

 

Let's see where the rally goes....

 

 

[dTraderB]

This is the bird-strike thing, BOEING stock backed off from morning highs:

 

https://www.cnbc.com...-max-crash.html

 

and the mini-cave in by US on Huaweii, not because they love Huaweii but because many US companies were hurting and needed time to handle it:

Stocks Bounce On Huawei Reprieve; Can Dow Jones Snap Losing ...

Investor's Business Daily-46 minutes ago

The Commerce Department late Monday opened some cracks in its shutdown of U.S. businesses doing business with China tech and networking giant Huawei ...

Huawei says it's a 'victim of bullying by the US'

Engadget-48 minutes ago

To no one's surprise, Huawei isn't reacting calmly to losing key suppliers in the wake of the US' trade restrictions. Representative Abraham Liu said the company ...

Dow gains 100 points, led by tech stocks after US eases Huawei ...

CNBC-49 minutes ago

Stocks traded higher on Tuesday on news that the U.S. temporarily eased restrictions on Chinese telecom giant Huawei. The Dow Jones Industrial Average rose ...

 

 

 

[dTraderB]

May buy some SMH

 

Still  not convinced about the sustainability of this rally 

 

But, keeping an open mind and evaluating IT buys