HOOD
Money flows matters..!I usually check the price volume leaders of the market every single day..!
Almost every day, SPY is ranked 1st in the market, and in 99% of the past trading year, Tesla was ranked first among stocks!
Today 12.37 Billion dollars were poured into a 40 billion dollar company and increased the closing price 50%, however, at some point, this was an 85%..!
Price volume of:
TSLA : 12 Billion market cap 700 B
AAPL : 8.2B market cap 2450 B
AMZN : 7.3 market cap 1700 B
But this job by stampede group of traders who caused this rally is far away from finished..!
Triple-Digit price tags in the next 1-3 days..!
The question is: how much risk do you able to handle???
I was written about all sorts of craziness in HOOD yesterday..!
No recommendation to join them or play against them..!
This lottery ticket like all others will have few winners and many losers..!
Mind the Gap: HOODThe Robinhood NASDAQ:HOOD IPO continues to be an interesting stock to watch. After holding the 50% Retracement it failed to make a new high. Now is it breaking the retest and near the close today is testing the gap open from yesterday.
The big brain play is to short meme stocks like this... but how? Shorting shares carries unlimited risk and buying Puts burns capital as volatility and time decay. In my Livestream tomorrow 4pm Eastern (at the market close) I'll look at a few strategies traders can use to bet on the hype failing and capture the FOMO pain gains.
New Price volume Leaders..!AMD: 26.7 B
MRNA: 13.5 B
HOOD: 12.3 B
TSLA: 12 B
AAPL: 8.2 B
AMZN: 7.3 B
BNTX:5.6 B
FB: 5 B
NVDA: 4.6 B
MSFT: 4.6 B
BABA: 4.4 b
AMD+MRNA+HOOD (52.7)B > TSLA+AAPL+AMZN+BNTX+FB+NVDA+MSFT+BABA(51.7 B)
It's only when the tide goes out that you learn who has been swimming naked. (Warren Buffett)
Welcome to the HOOD- RobinhoodTime for us to enter. Better be a late runner and avoid the FOMO, the chart is our map and support is drawn on the chart for you all to follow if you like.
For sure you know what ROBINHOOD is.
Expectations are as investors like Cathie Wood's ARK Invest build positions .
Shares of Robinhood, an investing-focused consumer fintech company, soared this morning in pre-market trading. The stonk phenomenon , which helped propel minor companies like GameStop and AMC earlier this year, appears to be impacting Robinhood’s own stock; that much GameStop and AMC trading took place on Robinhood’s platform during stonk-fever is irony not lost on this publication.
HOOD levels starting to showHOOD hasn't been trading for more than a few days but a look at the 15min chart shows that there could be a few important levels to keep track of. Mainly the 786 and 618 fib lines. 786 has shown to be the low end support level that has more or less withstood heavier selling pressure. meanwhile the 618 now appears to be a level of resistance as of the last candle on Friday. Prior to that, it held up pretty consistently as a level of support. Heading into the week these will be some of the areas to keep track of. From a price standpoint, around $35.75 on the upper end of the channel and around $34.70 on the lower end. Given the dragonfly doji at the end of the day, it will be interesting to see if the same type of defensive buying is the trend to start the week.
" With the latest Robinhood IPO, it’s almost a sign that institutional companies aren’t the only choice anymore and that the rise of the retail investor is alive and well...This week has been full of momentum both in broader markets and specific industries. Big news from the likes of Merck (NYSE:MKR) and Bristol-Myers Squibb (NYSE:BMY) helped shed light on the state of cancer stocks. Both companies reported significant events ranging from FDA approvals to revenue growth thanks to their cancer treatments...By the look of things, that bullish sentiment hasn’t subsided either. On Thursday, one of the biotech industry benchmark ETFs, Nasdaq’s Biotech ETF (NASDAQ:IBB), made a fresh 5-month high. Keeping this in mind, not only are cancer stocks a focus this week but the broader industry is too. In this article, we’ll take a look at several former biotech penny stocks to watch heading into the Robinhood IPO day. "
Quote Source: 3 Biotech Penny Stocks To Watch On Robinhood IPO Day
Robinhood - Robin from the hood is here!-Robinhood, don't know how to feel about you, you have potential but not much chance with all these available great platforms that are outperforming yours greatly.
-At Caldoon, we love innovation, and the only innovative thing that Robinhood brought to trading is making it look like a game. Which is more fun and adaptable for the new generation of investors (although Buffet didn't really like it).
-We see this boy keeping his stat shining, short-term target is back to $38.