This is clearly a breakout in progress for the Nasdaq. Today was a perfect example where mkts shaky on China tariff headline yet we get NFLX (shared long idea) +4% and AMZN (also shared long idea) +2%. I stay long the thesis via QQQ or NDX. I accept there will be resistance periods like now for example. But without a new shoe to drop (headline wise) then I bet we...
I Trimmed some profits from Friday entry. But still looking frisky. If the Fed plays along then this rally has a lot more upside. Similar in NFLX but today amzn is showing stronger performance. NASDAQ:AMZN
FB is in danger of filling the gap below. Short ter NASDAQ:FB m comment as it's under headline pressure from the media and their obsession with privacy and fines.
This is an important long term level that could prove pivotal. If it loses it here it could trigger a technical sell signal to about 85ish level. BUT if that happens the whole market would also be -7% from here. So I am comfortable setting credit put spreads in leaps and with a 30% price buffer from here and STILL collect a potential 18% yield on my risk.