Crazy for me to believe that we continue higher and higher nearly vertically for much longer... started loading UVXY shares for cheap just waiting for the volatility to really pop.. which one of you madmen is still long on this?
Think this could be a pretty good long term hold. 50% of its value from a year ago, and Boeing will figure out how to make money in this world. Wedge forming but no indication on which way it pops. Probably too good to be true to expect the same action we got last time.. Maybe some calls with a real tight stop loss is a decent play here.
Man, haven't been playing this one as smart as I should've. Been getting burned trying to short time and time again.. Pretty much have given up on all gains I have made on MSFT thus far.
Looking at this pitchfork you will see a continuous test of the middle trend line with a rejection. Lower trend levels act as supports. I still think in the real world a short...
Started my short yesterday. WE touched the top end trendline which has triggered reversals previously. RSI and MFL overdone.
MSFT has been a real animal lately ignoring what the world is doing. Shorting to 200 stops at 207..
Got burned on my call options pretty good. Waiting for it to hit 35 before getting back in. Virus cases spiking is forcing this thing down again. Not exactly sure where the bottom is yet, but i am thinking 35 has some good support. If we go up from here i need to see it break to 39 before i feel good about going long..
No position right now.