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It's an indication that a lot of beaten down stocks have gotten a good bounce and haven't fallen back down to make new lows. Stocks like ASAN, CVNA, TWLO, W and others have given plenty of opportunity on the short side, but on up days they can have double digit gains without it looking like much on the charts. So it seems that the short side on them is getting more dicey lately. 

I held onto some SDS from the system trade over the weekend and have shorts in AFRM and NVAX. I see some risk in AFRM, but it's a hedge against some of my longs. NVAX, on the other hand, seems like it could still have considerable downside after Friday's negative news and high volume spike down. The rest of my positions are longs, with RCMT being the star of the bunch.

BTW, can anybody tell me if LABU/LABD are based on XBI or one of the other biotech indexes?

I guess that might as well be undefeated. One loss for $23?

Hmm, it's not exactly clear what the trend is right now though, is it?

Sheryl Sandberg leaving the company.

IBD's confirmed rally was very

Posted by mastermind on 21st of May 2022 at 01:55 am

IBD's confirmed rally was very short lived. Back in a correction they say. Maybe they can be a contrary indicator.

Yes, I definitely believe that. By the way, the $NASI got fooled for the 3rd time in a row also. 

A comment and a question.  IBD

Posted by mastermind on 18th of May 2022 at 06:34 pm

A comment and a question. 

IBD called yesterday a rally confirmation. I was surprised and thought it might go awry. Now I wonder how long it takes for them to say we are back in a correction.

Having said that, an older chart I have shows the period from now through the first week of June being historically bullish.  Can anybody with more recent data tell me if that is still the case? I know that every year is different and these historical numbers are no guarantee.

Right. What's the 3x Bear retail ETF?

Hi Kobie, what do the P's and N's denote on your charts? Thanks.

From my experience, when I have targeted a stock to buy, it is usually better to buy in the 3rd half hour of the day than at the open. There is usually a pullback from the opening when too many buy orders are crowding in. I target 7:45 PST nominally, but watch to see if there is an upturn happening before that.

Here are the two strongest

Looking for Long Setups

Posted by mastermind on 12th of May 2022 at 06:37 pm

Here are the two strongest stocks I see in the market right now.

LABD is the first of

Posted by mastermind on 6th of May 2022 at 01:12 pm

LABD is the first of the inverse ETF's that I follow to break to a new high.

Probably in the last 5

Posted by mastermind on 5th of May 2022 at 10:38 am

Probably in the last 5 minutes before the close yesterday I got stopped out of my short in W and hit my target on HDSN long. Yeah, those sure would have helped today.

I don't know what the

Posted by mastermind on 4th of May 2022 at 03:09 pm

I don't know what the system's going to do, but I just sold my UPRO that I bought at the buy signal.

Looks to me like more

Posted by mastermind on 4th of May 2022 at 02:16 pm

Looks to me like more than usual indecision as far as market direction. Usually after a Fed meeting there are swings back and forth for a while, but this tug of war looks like a stalemate so far.

That is the hope, of

Posted by mastermind on 4th of May 2022 at 09:53 am

That is the hope, of course. And I am putting some faith in it. But trying to be flexible in my views too, as is often preached here. Honestly, the bearishness here is probably good for me, as my fault is generally being too optimistic.

I've thought about that some

Posted by mastermind on 4th of May 2022 at 09:22 am

I've thought about that some too. Nobody plans to or wants to be a contrarian indicator, but at what point might excessive bearishness in the BPT community point to a potential turnaround rally? 

The FANG acronym never made sense with two prominent A stocks. And now with FB worth only half a trillion and NFLX not even 9 digits, they've got to be eliminated. However with AAPL, GOOGL, AMZN and underappreciated old school MSFT all worth about $1.5T or more, I think what we are left with is . . . MAGA!

Also ZIM broke through 50

Posted by mastermind on 3rd of May 2022 at 11:57 am

Also ZIM broke through 50 DMA resistance.

EQT is a related stock also doing well. I bought today and hope for some follow through.

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