Systematic stock trader. Check out our DM-Tribe Discord, link below!
Head of Flight Control at Vertical Aerospace
Data: #norgatedatadm-tribe.com Bristol, EnglandJoined October 2008
$COMP (~ $QQQ) in the context of multi-decade trendline, the market was overbought late last year, and can now reset to 15k at this pace.
Upper trendline: 2000 and 2021 tops
Lower trendline: 2009 and 2020 bottoms
The major indexes are oversold and could certainly rally any day. Some of the largest up days can occur during corrections and bear markets. But the market is still fragile, risk is high, and volatility is likely to remain elevated. The Russell 2000 has been the hardest hit of…
On mornings where the market is gapping down like this I'm always thinking 'play defense' first. Gap downs like this happen and can be frustrating but they are a part of the game. You may get slipped on a name or shaken out for sure but there've been times the market has caved…
Nasdaq had a pretty ugly distribution day with biggest down volume in quite awhile. Clearly a character change since the FOMC on Dec 18th. Tape has been dominated by distribution and all the averages expect the Nasdaq have now round tripped/rinsed their post election rally.
I…
NASDAQ creates a leg of support on the weekly to finish the week strongly above the 10wk SMA while also reclaiming the 4wk EMA.
Beautiful ending to the week.
$QQQ $COMP $SPY
Bill always approached the New Year in a unique way
Regardless if any of us killed it the prior year or made a ton of mistakes or anything in between, the new year was a NEW GAME & a NEW START!
What you did right/wrong the prior year was in the books…the new year was 100%…
Bill always approached the New Year in a unique way
Regardless if any of us killed it the prior year or made a ton of mistakes or anything in between, the new year was a NEW GAME & a NEW START!
What you did right/wrong the prior year was in the books…the new year was 100%…
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