As a trader, it is a bear time. As an investor, it is a discount season.
It took days to confirm this bull trap. As a hunter waiting its prey showing weakness patiently is never a easy job. Will start taking some bearish position to test the water, unless the bull forced close above 20EMA again.
Whatever it is, I am still waiting for it to cross above 50MA. If it does, will test the water with bullish trade. If it crosses back below 20EMA, then a bearish position. Another Rest day.
Timing in the market is crucial. Below is the quote I like: ''No matter what you do, there is an appropriate time. No matter how much you crave it, the cherry blossoms will never bloom until spring arrives. No matter how anxious you are, when the time is not ripe, you will not succeed in doing things.'' The market has been diving the past couple of days, and...
Now market could rebound on bottom channel, took a bearish position for slow movement mcd to test the water.
Personally I am not a friend of value investing. As an investor, this is indeed a great time to buy the dip. If it continue to dive, simply add more position on next support. All IN now is never a wise decision. Depend on Luck is a double edge sword in long run. As a trader, always wait for confirmation candle first before decide.
Market continue to dive. Risk 1 to make 2. Sell the ''good fundamental company''.
RISK 1 to make 2. Bullish trade to test the water since s&p500 could form a double bottom.
Bearish momentum is stronger. Risk 1 to make 2. Could cut loss early since it is near 200MA on weekly
Another bearish position risk 1 to make 2. Cut loss early if reverse
Bullish trade for medical field on weekl6 chart. Risk 1 to make 2.
Market showing bullish sign. Take 1 bullish position on defensive stock NKE.
Bearish momentum keep on going. Take another short position. Monitor closely.
Selling pressure just keep on for chinese stocks. Another sell position for BABA
Overall market turn downtrend today. Take some bearish position.
Sell LULU and for it to reach. Risk 1 to make 1.5 since the overall market is favor on the bull side.