We have a very strong move here:
· SPY and QQQ are getting close to ATHs
· The rally broadened, which is bullish
· Lots of Leaders hold up very well during the DD and behave very well
https://money.cnn.com/data/fear-and-greed/
Small Cap Reference Systems are on fire, (the following is an improved one):
High priced trend big cap stocks had their flush and are now participating:
I could go on and on: seasonality, uptick in economic data, (new) leaders behave really well, everybody was super bearish in the downturn, etc., etc.
This is a strong and broad rally, which we trade right here and now. For me this is not the time to trim so far. Yes, small pullbacks will come, but the most probable outcome we go higher: Still long 110%!
But: We watch the tape every day, so we are prepared. Anything can happen, so we watch out. We are tape readers, few ;-) !
Here are my learnings of recent (faith first!):
Positions:
QRHC
GDP
EPSN
BYDDY
USDP
BBQ
SMLP
HCCI
JRSH
HSON
MG
PTSI
TGA
PHX
SGMA
SIM
CTHR
AINC
SBOW
ISENF
LMRXF
RIOT
URG
CCJ
FISOF
Great Trading!
https://twitter.com/LanceRoberts/status/1450413103666053124