3 replies to this topic

[dTraderB]

".....This equity market has shown that it is capable of recapturing an important technical level, and if it's capable of doing that, then it "unlocks" the potential for more gains in the bigger picture. I still think the odds favor getting some sort of retracement soon (it may have started), but in the interim, I'm content with adding stocks that show potential on both the technical and fundamental front and are not overextended.

My primary concern in the bigger picture has been that a reversal around that 4200-4400 region followed by heavy selling would represent a major top that would take us back down to the lower end of the trading range. If this is truly the beginning of a new BULL trend there will be an abundance of opportunity offered. However, there is also this fact to consider. While we've seen new highs and a BEAR market low, the S&P is trading at the same level it was in June '21. That is two years of zero performance, leaving an investor to contemplate the no-risk returns that are being offered today.

Short-term trading requires discipline, flexibility, risk management, and an open mind. Long-term investing requires patience, flexibility, and humility. Practiced together they make for the "perfect investor".

When we stumble and make mistakes, don't be discouraged, the "perfect investor" is yet to be found..."

https://seekingalpha...change-rolls-on

[K Wave]

Watching UVXY here in short term...if it can clear 20, bears may finally get a little something going

 

If so, things like Apple and META could turn into waterfalls...NVDA already working on that....

 

Edited by K Wave, 26 June 2023 - 11:58 AM.

[K Wave]

Battle for 480 area on Big Kahuna rages on....

 

Bulls really really really do not want to lose this one....

 

longer time frames turn hard down if they do....

 

[K Wave]

Couple days left in the month and monthly momo sure not looking stellar on Utes.

 

Should 880 give way......................