Watch out for the underlying weakness in momo and biotech. I added to my YY position, despite it being weak. That was probably a mistake.
GRUB is nicely higher; and all in all, I am making coin. However, this doesn’t feel like a +200 point day. As a matter of fact, if I was bearish, I’d be encouraged by this action, as it has some traits of a blow off top.
Don’t get me wrong: this is a solid start and we’re up a lot, so that’s a good thing. I’d like to see market breadth higher than 75% on a +250 point day.
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I feel the same way about the market. Doesn’t feel 250ish. Just sold my YY position.. been relatively weak lately.
It’s weak. But my position is small and PPT has been dead right on its OS indicators on it. I’ll avg down once and see what happens. Chinese stocks are all a grab bag.
I can always jump back in if you are right,
I’m giving this another week before jumping in. Want confirmation that its not going to break support at 51-52 and would like to see pricing above 15-day MA. Willing to give up a few points for that information.
my homies are face punching everyone and everything in sight. long KBH and BZH.
Fly.still holding a myriad(yeah it’s a pun)) of biotech and doing well. What do you think of GBX and TRN?
Where is that cover picture from? The Prestige?