Well, you can’t get much closer than this as SOX pops above and then closes a hair below the previous high of 1464.61. Like it or not, Semi is a US market leader and it has been leading both SPX and NDX since October. I have been holding AMAT for a few weeks now strictly for its chart, which tried to shake me out last … Continue reading SOX Top-Test Status and Thoughts on the Semis
[edit] I did the right thing (according to the handbook) and took +30% on 1/3 of the position. This one was an NFTRH+ highlight on March 20th (post now unlocked) as it was constructively using the SMA 50 as support for the first time in its post-bubble downtrend. Personally, I took an initial position and then added more on the ensuing pullback toward the SMA … Continue reading GBTC Trade Proving Out [w/ edit]
With a backdrop of global trade cheer the stock market is bulling and just as importantly, the Fed has boxed itself into a dove stance in 2019. That’s not to say it will not reverse course, but Chairman Powell would look like a knee jerking day trader if he changes month to month based on what the stock market is doing. All of this is … Continue reading NFTRH+; Homies
