Quick thoughts 💭
📌 Growth has been beaten down but there is still downside potential if the Heroes see significant drops- been very resilient so far.
📌No one knows where the bottom is in a stock below the 200 day MA.
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📌Have a narrow watchlist and mark their price at recent lows. Will show you their Relative strength w each other. Might be a retest.
📌For market sentiment follow the indexes plus VIX and Bitcoin.
📌Semiconductors were former market leaders so watch them. $SOXX $SMH
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📌Financials and Energy are leading sectors.
📌SPAC’s are speculative investments. Recent performance shows this.
📌Understand Macro Economics as they have huge effects on individual stocks. Follow @Mayhem4Markets and Spaces by @PoundingDaTable.