J.T. My short-term S&P support is 11,100, to 11,000. I don't know. I don't care. 10,000 - 11,300 range is just a channel to me on an upward move in the bigger picture sense. You called some great entry and exit points, which I traded, but as long as the inflation is in check and we're all getting along in this global economy, I see no reason to go bearish. Did you see how the financials made a nice, strong push today. We hit the profit-taking bottom today. It's back up from here IMO. Well, maybe some sideways gyrations first.
So there, I don't spend any time analyzing the DOW, NAZ, and SPZ nowadays because it's a waste of time for me. I'll just keep dumping money into my beloved SPY and QQQ whenever I have profits to dump in to.
Today, I cashed in some ANCR which I've held since April. Some of my new value picks I've focused on these past weeks and months are really starting to bare fruits: GOJO, CORL, APLX, OSII, MTIC, IONN, HLIT, CUBE, MRVC, SPYG, etc, etc. And there are plenty sour ones. But we don't like to talk about those few bad apples. Right ? lol !!
Hope this make sense. It does to me and works for me.
P.S. (SCH, AMTD, EGRP, WEBS, JBOH, NDB, and SWS) These OLBs have been beaten down and they are ready to rally, especially next year, once the merger news starts flying around. This sector is ripe for some major merger mania.
Twick the unconventional BULL.
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