Growth stocks reached an extreme in outperformance over Value stocks. I'm trying to avoid growth stocks. Anticipating we go down in May. Weekly chart with 200 wma.
honestly, not really sure ... but maybe james cramer may know something? ¯\_(ツ)_/¯ Spoiler: Click to Show!
should be an interesting finish today ... looks like it could be a dogfight for that exact halfback point of this entire bear move from the ATH to the bear low on march 23rd at today's close for the spx.
whelp, tomorrow will admittedly kinda suck a little with the markets completely shuttered (including the globex futures market) for the good friday holiday ... weather gonna stink around here ... and with covid can't really go out anywhere
welcome man! great to have you and ya i agree with you. as for the FED ... yep you know the drill Spoiler: Click to Show!
i say the latter. it is interesting that we are kinda hanging up here at the 50% bounce level retrace on the cash spx. its crazy to say, but as oversold as we were at the dead lows just a few weeks back ... whelp, we're now grossly overbought in the very short-term again lol. nothing goes up or down in a straight line. i think black gold (should that opec announcement not impress) could potentially be the catalyst for the next giveback of this dead cat rally. i think if we don't take out last week's low on the next pullback, then i would say that's somewhat encouraging and the bear lows that we saw on march 23rd could be a secure low for now. we'll see. should be super interesting to see what happens from here. btw, no market tomorrow (futures also closed) its good friday! hopefully covid dissipates into oblivion soon enough. really hating this stay at home order mang...
along with scaling in uso, i bought some labd earlier, i hope next week is a reverse of this week, would love to have another chance at buying stuff at a discount. been scaling in SQ, TSLA, and UBER. im not done scaling, come back down market i need my full positions lol.
I stopped trading USO because I received a letter from Fidelity a few years back stating that if I remained in the position they were going to charge me some outrageous fee to generate a document due to USO being an MLP. Does that still happen?
