Just Some charts I’m looking over...$SPDR® S&P 500 ETF Trust
bounced off the 50ma back to 20ma...still trending up, we will see if it will hold
Faang stocks and Tesla are still driving the market although the sell offs on Thursday and friday, they are still in a uptrend except for $Microsoft
I would be concerned ( anti-trust )$TESLA
very strong uptrend..anticipation that the stock will be added to S&P is keeping the stock up as you witness the drop after hours After other tickers got added...so be patient it will have the opposite effect once the news comes in...position yourself for that move as a ETFs will have to add tesla to their holdings once again propelling the stock to new highs..Its only a matter of time.
Above 50ma $Apple $Netflix $Nvidia
Make sure you keep an eye on these..and $CBOE Market Volatility Index
...The vix gave us a lot of clues to what was coming last week...we can’t ignore these tools. Even thou I have been very conservative...I must say I was guilty of getting caught in the moment and pushing some boundaries, when the technicals were saying otherwise.
Stay away from the comment section unless is constructive...once again I will admit that last week it was becoming a distraction talking to ppl who have no insight or perpective to offer. You don’t have to be an expert...sometimes the little things one notices can help others...
Wish everyone a great week!!!
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