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- Last Update: 9 July 2020, 16:54
General Market Commentary
$BPGDM back to risk on. Will the island top on the $INDU chart get filled or left as is the market top?
! ! $INDU - Daily 1 Yr Candlesticks - Reversal Island
Set the stops on LABU... Thurs noon > LABU to Sell...
7/7/20 Tues > TRADE LABU - Daily 2 Mo Renko, 1280
Another good Renko set up for trading... how sweet it is.
Take profits on PLUG...
7/6/20 Mon > Now the market is concentrating on two things: How high can the $COMPQ and the FAANG stocks reach and whether the virus will unravel the markets.
Today was a good Renko day. Two stocks in particular are TRADE RAD - Daily 45 Day Renko / Rite Aid and TRADE BE - 4 Hour 45 Day Renko Bloom Energy,
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. Am thinking about throwing half the chart list out and replacing with trade charts only. Any imput out there?
Have added a new section listed under Trades. Market appears to be fully valued but exuberance can always be interesting. Fear and Greed index this morning at 66. The $INDU is up 8970 points since March 23rd, an amazing feat especially during a pandemic!
Have a great day my friend...
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!
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