UnknownUnicorn16739272

UnknownUnicorn16739272

$BABA Looks amazingly cheap. Today it back filled the gap up it had recently. Politically it is easy to hate since the idea of China delisting them is mind blowing. Not even sure how you would be able to get your shares sold? Maybe it would just be like having an ownership stake in a private company? Either way, I would not want the hassle. However, these times...

UnknownUnicorn16739272

Today provide a pretty big wash out but was surprised it closed higher on RSI than the recent low of a few days ago. Would be nice to see a bounce tomorrow and accumulation starting to back it. If so, it will be a possible buy for my clients and I. However, I am still waiting until September to do much buying.

UnknownUnicorn16739272

The selling volume and no buyers are a concerning view not only here but in many reopening stocks. Keep your stops tight.

UnknownUnicorn16739272

Bull Flag. Will it bounce or fail. Risk reward is tempting here. Probably wont take the trade with the talks of shutting down the economy again. Lost enough on LVS to stay away for now on all these plays. But will continue to watch. Good luck longs.

UnknownUnicorn16739272

Sitting mid channel, a test of that support line will coincide with the 200EMA. A perfect combo and ultimately healthy for markets as a whole. Also interesting to note that IWM has not surpassed its highs hit in March unlike SPY, QQQ, and DIA. Last time this happened, was before the covid drop. Selling calls, buying puts, and/or adding stops a few BPS below trend...

UnknownUnicorn16739272

Right in the middle of the channel. Will we see a drop to the 200EMA before bouncing and continuing higher?

UnknownUnicorn16739272

Bearish RSI divergence in QQQ.