Can't believe the market lost +4% today!
- Thread starter TheDawn
- Start date
The retail version of FAANG is WATCH aka Walmart Amazon Target Costco Home Depot.
Even a good report from Home Depot didn't help it. It went from $310 to $280 in 2 days. My guess is CostCo & Lowes won't do anything to dispel this trend. Up until today the food & tobacco stocks did pretty well -- they were actually higher YTD. I own KO PEP K CPB PM MO and only the tobacco stocks didn't collapse. The rest were down like 4-7%. They were prompted by the Target debacle.
Even a good report from Home Depot didn't help it. It went from $310 to $280 in 2 days. My guess is CostCo & Lowes won't do anything to dispel this trend. Up until today the food & tobacco stocks did pretty well -- they were actually higher YTD. I own KO PEP K CPB PM MO and only the tobacco stocks didn't collapse. The rest were down like 4-7%. They were prompted by the Target debacle.
Funny you mention that.
Both Apple and Microsoft were down big because ... so was most other big tech names.
It's obvious rates going higher, discretionary spending likely going lower sends most everyone down.
Don't need to set SL at 7%.
Just learn to press the BUY & SELL button in the correct sequence.
downtrend - press the SELL button first.
uptrend - press the BUY button first.
on 18 May 2022, all Asian / European / US index futures were going down.
so press the SELL button first.
LOL
Simple is Beautiful.
LOL, indeed. But something tells me just a FEW more details are needed to implement maxinger's strategy LOL.
Trust me, I have seen all three markets going down and yet US market goes up and sometimes by a huge margin. Other markets provide a clue to what the US market will be doing but it's not a 100% reliable indicator.
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