Today is my last day spending mornings at home recovering from minor hand surgery. Friday I start back at my Hot Yoga, so no more morning trading for me.
In one last foolish barrage of buying, I did the following today…
Bought 1/4 position in NXT. It is breaking out on strong volume because the house is leaving in the solar credits the senate put back in for certain US companies.
Good growth ratings. +83% vol at this point. RS94. Had a good shake out in the right side of base. If big boys sold out because of the solar credits going away, then they need to buy it back now that there is certainty they will remain.
Speculating on HNGE with a small buy as it reenters the buy zone. Volume is average and this could be a dangerous half-day purchase.
Add my last 1/4 position to KBWB as it continues to be strong in the buy box. Vol is above avg, so it is not just home traders driving it up. There is lots of deregulation coming, all banks are moving up. Look in that space for opportunities, but many are past buy zone.
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How about the taxes on solar companies are those out to? I am a little leary of investing in solar and drug companies (until Trump shows what he is going to do) Also we have the tariff date coming up on July 9th. Might be a good time to have a little cash on hand in case we get a drop.
I should have googled that. It looks like they dropped them also. Good job Pete. We might have to wait till it is finalized before we know exactly what is in it.
Look at this Pete. I missed it, had it on my watchlist but it still slipped by. Congratulations on those who grabbed it. SEZL
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I feel really bad about this. I saw the upside reversal from the 21dma and was going to post it here. I did not buy or post. Let that be a lesson to us, look for a big upside reversal in a strong stock and buy it!
Look at this Pete. ALAB. It is sitting on the 10, 30, and 40 sma on the weekly chart. The thing I like about it is if it goes either way you will know right away whether you are right or wrong. The stop can be set with a 5% stop and the odds are in your favor that it will go to the upside. It’s in a flat base and the volume is drying up. I bought some yesterday.
Rubrik is holding at 50sma.
