Some of my best days in 2021 were 1st trading day of the month ( Jan/Feb/Apr/May ). The trick has been deciding when to sell some stocks. More often then not, I'd have been better to sell more stocks Thursday afternoon or first hour of trading Friday. Just blindly selling would mean missing some breakouts though. I sold ATH ( Tsx ) on Friday morning and it went up another 30% by this afternoon. Only stock I sold so a little annoying.
Nasdaq has topped
- Thread starter Master Pu
- Start date
Some of my best days in 2021 were 1st trading day of the month ( Jan/Feb/Apr/May ). The trick has been deciding when to sell some stocks. More often then not, I'd have been better to sell more stocks Thursday afternoon or first hour of trading Friday. Just blindly selling would mean missing some breakouts though. I sold ATH ( Tsx ) on Friday morning and it went up another 30% by this afternoon. Only stock I sold so a little annoying.
Very orderly decline so far, perhaps S&P putting in also a potential double top would help accelerate momentum, 13700 first obvious support, but I have a feeling, totally biasedthat it's heading towards the weekly 20 SMA 13300. I'd like to flip for long trade there.
NFP week dude. Never discount the algos. DIP your toes in (get it?) The water is fine.
can't you believe 25 out of the DOW30 stocks are traded above 100-dollar range?
no wonder Uncle Buffett says about substantial high inflation.
Have you seen impact of inflation in your personal economy?
https://www.cnbc.com/2021/05/03/war...substantial-inflation-and-raising-prices.html
no conviction to climb the ATH hump!
no wonder Uncle Buffett says about substantial high inflation.
Have you seen impact of inflation in your personal economy?
https://www.cnbc.com/2021/05/03/war...substantial-inflation-and-raising-prices.html
no conviction to climb the ATH hump!
NFP week dude. Never discount the algos. DIP your toes in (get it?) The water is fine.
I am not worried. I have stop in place if I am wrong.
Sell in May and go away?
It's a great call so far.
The indices are way overextended anyhow, having gone vertical lately, so we should see at least a retrace.
It's a great call so far.
The indices are way overextended anyhow, having gone vertical lately, so we should see at least a retrace.
Thanks, can only hope now it fully materialises. The old adage of sell in May has expired IMO, due to COVID-19.
Yeah. I'm always wary of the indices finding a bid in the middle of nowhere these days, so I'm always a bit cautious to the short side.
So, where will you exit?
Original target of 13300 remains as there is a fair amount of confluence there from various time frames, etc. Will have to see how price reacts to that area if we get there.