QQQ
The index found its footing today and rallied above the 50ma. There was a lot of good action across a lot of stocks. Some even broke out of a big base which I bought today. Now that we are above the 50, that makes things a bit more interesting. With Christmas and the New Year approaching, I’m thinking volume might be a bit lower overall.
10ma continues to slope down. 20ma is sloping UP for the first time in a while. The 50ma is flat. Still not a prime momentum market by looking at the index. However, by judging individual stocks, and certain groups, it is looking a lot better.
My current risk given the market environment: Full Size
What I did today
New position.
PLTR was a buy today above $190. Leading growth stock with accelerating earnings and sales. Based for almost 5 months before breaking out today. What was great about this set up is that the index was also recovering it’s 50ma.
Equity + Holdings:
beautiful end of day for PLTR.