$Disney (DIS.US)$ long hanging red wicks is where you want to buy. sometimes the 6 is lowest or sometimes the 9 has a few additional afterwards. either way Disney is tricky to find bottom on but usually has a good run. Last time I held Disney everytime spy was down this one was very green people were crying blood that the market is crashing everyday I'm like whoah whoah no if Disney is up the market is good still.
Last Monday's rout was likely caused by a combination of 2 factors, such as fear of recession due to a very poor nonfarm payrolls report and rising interest rate in Japan which resulted to unwinding of Yen carry trades. Fortunately, the market rebounded strongly later in the week as Thursday's initial jobless claims declined by a largest level since Sep, which helped to calm some nerves. Meanwhile, we have more economic data coming up this ...
$Apple (AAPL.US)$having reclaimed the vwap at 214, possibly looking to push up to fill the gap to 219. and then further up to 224. Assume bullish stance but do pay close attention to economic data and market volatility. historically AAPL doesn’t swing the same direction as semis and other tech stocks but always good to pay heed to the market condition. bullish but conservative = safe. good luck. NFA
long hanging red wicks is where you want to buy. sometimes the 6 is lowest or sometimes the 9 has a few additional afterwards. either way Disney is tricky to find bottom on but usually has a good run. Last time I held Disney everytime spy was down this one was very green people were crying blood that the market is crashing everyday I'm like whoah whoah no if Disney is up the market is good still.
Fortunately, the market rebounded strongly later in the week as Thursday's initial jobless claims declined by a largest level since Sep, which helped to calm some nerves.
Meanwhile, we have more economic data coming up this ...
historically AAPL doesn’t swing the same direction as semis and other tech stocks but always good to pay heed to the market condition. bullish but conservative = safe. good luck.
NFA
What happened: last Monday, we saw a global market sell off. But by the end of the week, the US stock market has staged an incredible comeback by recovering almost all of the week’s losses!
Here's the question many have in mind - is this is a dead cat bounce?
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