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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (2496)	10/13/2021 10:16:24 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 10646

BTW, Speaking of genetic stocks, BLI has been on my buy list for a while and yesterday I picked up a few.

To: Sun Tzu who wrote (2496)	10/13/2021 5:57:57 PM
From: Sun Tzu	2 Recommendations Recommended By Lou Weed tntpal Respond to of 10646

Today may have marked the bottom. Below is one of my indicators. The solid black line is S&P500. As you can see, it very often leads the market direction. Before the sell off started, we had a divergence of the market making highs but the indicator heading south. But for the past week, it has been diverging to the up side even as the market has been falling. All we need to see to call it a bottom is SPX closing above 4400. But even without that, if the market internals keep improving as they have been and we keep making higher highs on the indicator, then we've seen the bottom. I took several long positions today based on such indicators and also b/c 2 out of 3 stocks in my investment portfolio were up today. Not only that, the biggest loser was DPST down 1.67%, which is not bad at all given that it is a 3x fund. On the plus side, my top 3 winners, were up ~7%. So I jumped in with my shopping list, but I tend to be more aggressive than most and dump them if it turns against me. Your mileage may vary. PS I think the oil and gas trade is too crowded and it may be smart to take profits rather than add to it.