Pretty much straight up bounce to start the day, got QQQ to fill the gap-down. Now to see if it can keep going up.
Nice day but I am still not overly bullish with rates continue to grind higher. Have been reducing my exposure to tech and growth and bought more value like banks, industrials and materials lately. The rotation from growth to value eventually wouldn't last though during recent years, let's see if this time is for real
https://www.cnbc.com/2021/02/24/gam...than-80percent-in-late-afternoon-trading.html GameStop shares soar more than 100% amid executive shuffle Here we go again lol
Bitcoin is my only LONG position in the green. Made a couple others buys in other stuff on the way down. The MMs are out to get me.
Did some shopping today In AA at $25.59, SNA at $202.68, NUE at $61.46 and JPM at $151.79, etc. Continue to reduce my exposure to tech stocks. Not out of tech but need to reduce some exposure since I am pretty heavy in tech, this rotation from growth to value could easily continue if bonds yields continue to spike
I'm done Adding or opening positions for awhile waiting on TSLA to take a big dump and then I will finish that one off. Choppy waters are ideal for trading, time to focus and build up my ammo.
This may be one of the many reasons, lots of worried people out there. We may be seeing a Metamucil sized dump on our hands. The fully invested are going to be trapped and helpless and most likely panic sell. I admittingly dipped my toes a little early due to FOMO but still hold the majority in cash and do a little trading.
VIRT, CME and ICE finished green, these stocks might actually benefit if we see huge volatility for stocks
Prediction, uptick at open, more buyers follow. News that we bombed Sryia sinks in and the recent yield curve causes more concern, selloff ensues, PPT kicks in but not enough ammo. We close red. Smart money watches from the sideline.
