$EDR is an April 2021 IPO that is trading at fresh ATHs
I am long above $33.20 and will raise my stop if the stock continues to rally
Notably, the IPO ETF, $IPO, is down sharply from highs set in February 2021
Retest of 910 gap fill area?
Market has been very bearish as of late especially for growth stocks
TSLA reports tomorrow. I expect them to beat but I don't think it will catch a bid
Yikes...
Long term long this space but this can get uglier and/or can not improve for a long time
Full transparency I am still long some crypto but I significantly reduced my exposure earlier this month/year
Market has been weak thus far this year especially for growth/tech with rates selling off
TSLA acted better than other growth names but it has recently given up the 1000-psych level and I don't see it regaining it confidently anytime soon
The first rate hike is priced in for March so I suspect the market won't be great for growth, if at all
$QQQ bounced today as shown on the weekly chart
$QQQ has still not experienced a 13/34-week EMA bearish crossover
10 year rates briefly moved above 3 year highs but have since stalled
CPI numbers were hot today and market participants are pricing in a March rate hike
All eyes on the EV Space in 2022 and beyond
Of these 4, LCID has had the best return since 2021 but it has been extremely volatile and hasn't made new highs
F has quietly outperformed TSLA, GM, etc.
I am currently long Ford and Tesla
$AMZN has been trading in a 500 point base from 3000 to 3500 since July 2020
Recently lost the 200MA, bearish for $QQQ and $SPY
Supports shown on chart
S1 3176
S2 3000
Needs to regain 200MA before gaining any interesting in going long
SMH has handedly outperformed the SPY since 2018 but has stalled recently
If SMH cannot continue to outperform SPY in 2022 it will be ugly for tech/growth
