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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (199918)7/30/2024 4:35:47 PM
From: FCom7771 Recommendation

Recommended By
GROUND ZERO™

  Read Replies (1) | Respond to of 220889
 
I got long a couple hundred shares SOXL at 37.40 ... really liked (not at the time) the action after the market close. Went down as low as 36.5 and recovered to over 39.

Looks like a classic stop clearing exercise prior to the next move higher ... the 10 year bond closed close to their highs which should support the tech sector.

Heckuva move down from 70 or so - which seemed like we were there a week or so. Should see a bounce up to at least the low 50's.