Been a few days that I haven’t given an update. I was on holiday the second half of last week and just got to the desk yesterday. Here is todays review that includes the second half of last week through today.
QQQ
Gapped up and is attempting to break out of this 3-4 month base.
All moving averages are aligned. 10 > 20 > 50.
10, 20, and 50ma are sloping UP.
If the QQQ breaks out and goes on a run, we will be entering a really good period for swing trading.
My current risk given the market environment: Full Size
What I did today
There hasn’t been much activity in my account. I tried SIDU + TMC last week (stopped for a loss), took a ZSL long to play the silver short (stopped for a gain), USAR yesterday (stopped for a loss), stopped out on PL RKLB trails yesterday - re-entered RKLB today. Charts + prints below…
Should have rebought PL today.
RKLB rebought it today.
Entered LUNR today.
Prints:
Equity + Holdings:
Really good day for stocks depending on what you own. MU continues to be my biggest position and best acting as it’s in momentum mode. I’d like to trail this one with a longer term moving average if I get the chance to. Themes and groups of stocks still seem to be the best place to be involved: Space, AI Infra, Drones/Defence stocks
rare earth metals news got sold into unfortunately