Andy, I did not. I watched it and because of the pullback I will give it another day. I did not have a buy-stop on. I did free up some money today (HWM), so I can buy if I want.
Trump just whacked the copper miners, guess that is the cause of those big bars. This would scare me too much, but getting the 50dma bounce gives you a good stop loss.
ZS is a long time favorite of mine. I have an old position in, thank you Motley Fool! I trade around it when it makes sense. I recently sold out my trading positions. One set when it fell below 21dma then the rest when it fell below 50dma. I picked up bargains after the April 2 Liberation day liberated it from $216 to $164. I think this is a prime candidate for a takeover.
I sold out of HWM at a 21% profit today. It sliced through the 50dma on high volume after earnings report. I waited until afternoon and then decided to lock in my profits, after which it did close above 50dma. It does not have too much technical damage and Trump is making tariff deals include buying lots of military equipment, so that could help. Now I have cash if I want to go heavy into AGX.
Today worried me a bit. I has some big winners: META, MSFT, RDDT, RBLX, ALAB, but my entire portfolio was down 0.48% Feels like we could be rolling over under the big headlines.
I did post some stats from an IBD guest, it went something like “in the 27 years where were a bull rally at the beginning of June and even higher at beginning of July, then 26 of the 27 times we sold off between the middle of July and into August.” I can’t find the quote anymore, but another way to think of it is…So, we have been going up strong for 2 months and now we are getting earnings and if anything looks bad, I am going to sell and go to the beach. Makes sense.