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- Last Update: 14 July 2020, 8:51
General Market Commentary
BE, Bloom Energy a sell as a stop loss of $.50 was triggered... It did have a nice run though, creating smiles for those who bought earlier. RAD was a good sell at $18 and PLUG last week at $10. Broad market today not affiliated with the virus, at least for today... Market wants to run up with some side line money from the large traders... but losing steam very fast... Silver trying it"s best to break out. Nancy had a CT scan on past Thurs for her 6 mo lung cancer check up. Results came back today, cancer free and now a 4 time cancer survivor. She also had a birthday on her CT scan day, and now 74 yrs young, healthy and at home... PRAISE THE LORD, PRAISE THE THE LORD! Am thinking about retiring from Stockcharts... Losing too many follows. Guess I am getting old too quickly. I did learn trading from the old school of hard knocks but final learning has shown, life is good, God is Great and Nancy and I have been truly blessed! Speaking of hard knocks: I once had a self paid position of 10,000 oz bullion silver, (10) 1,000 bars. Life was quite interesting to say the least in my younger years. But now after learning a few things in life, I do know this : Wealth is good, health is better and God is Great!
Good day to you my friend. Hope I have helped a few along the way...
July 2020 > Making money in the markets is not easy without discipline and patience. The chart of Trade - BCRX - Weekly 20 Yr Area, 1024 is the chart of the decade excluding AMZN and AAPL.
Have added a new section listed under Trades. Market appears to be fully valued but exuberance can always be interesting. The $INDU is up 8970 points since March 23rd.
Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.
Wealth is good, health is better and God is Great!
Using a Renko weekly chart may not catch the full price move but prevents the whipsaws of daily (or less) time frame charts. If 75% of a winning trade, can be captured, wealth can build quickly. Dont forget that high dividend monthly return and dont forget using stops...
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