Extremely negative breadth is now behind us. We had the biggest buy day in breadth terms since correction start. All signs pointing to a 4to 6 week bounce.
Currently 40% invested in 401k after being in cash from Feb 2nd . Avoided all the carnage in Stockbee Lemonade Strategy.
This is very good market for short term traders. Stocks are making big intraday moves.
Currently 40% invested in 401k after being in cash from Feb 2nd . Avoided all the carnage in Stockbee Lemonade Strategy.
This is very good market for short term traders. Stocks are making big intraday moves.
10 comments:
what was on Feb 2nd that made you went to cash? all MM number seem fine around that time.
50% in month were up above 20 for long period so I was expecting correction
What is the trading frequency for the Lemonade Strategy? Is is weekly or monthly?
only 1 or 2 times in a year. Sometimes only once in 18 months or so.
For Lemonade, do you prefer daily, weekly or monthly TI42?
daily
Did u enter after 23march bounce ?
If yes, which date ?
yes 03/27
Wow, I did the same thing with futures but could not hold on the shakeout of next few days and stopped out. But got back on 4/3
to make some decent profits last week. Do you think this is sustainable rally to previous highs or just bounce with further downside of at least a retest of 03/23 low or even a marginal new low?
The rally likely to last 4 to 6 weeks but will ve very volatile. Based on extreme breadth the bottom is in.
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