You Inc, Entrepreneur, Homepreneur, Globalpreneur & Infopreneur
It will be a challenging 2021 for UnUsUaL. But they must sit tight and weather the storms, trusting that eventually the value will once again rise up and provide a profit a long way down the track . It holds a value of about $30 trillion and sees immense trading crowd. My inner trader is also keeping in the back of his head the two scenarios outlined earlier in this post, namely the neutral to bullish one with the market resumes its trading range and possibly achieves new highs, or the more bearish one where the market corrects to new lows after an oversold rally. Realize, however, that boutiques near mes may not necessarily go straight up in V-shaped recovery but instead rise and decline again to re-test the initial lows before taking off. He plans on taking things one day at a time by watching how market internals develop in the reflex rally.
A recent must-read Josh Brown Fortune article summarizes how terrible things are in America (not)! Another proxy for slow and patient money are corporate insiders. If Ford, General Motors, and Chrysler get this bridge loan, they will be back in a few months for more money. Bitcoin Trust (GBTC) - GBTC rallied back into the $12's this week as Bitcoin jumped over $9000 again. He is waiting for the bounce to see how the market behaves as stock prices strengthen after the likely two week rally that is typical of the partial two-component buy signal from the Trifecta Bottom Model. A break above that level will get me back into the stock again. Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS is now back below $19.40 so I decided to take a small position that I will be adding to if the stock goes lower. In Line B, you can see a slight uptick in trading volume that corresponds with an upward trend in the stock price.