$1,000 follows their calls into $984
Larry Tentarelli, Blue Chip Daily@bluechipdailyTech continues to lead. $XLK new highs.
Larry Tentarelli, Blue Chip Daily@bluechipdailyThe tech sector $XLK continues to separate from the equal weight S&P 500 $RSP. Not ideal right now, but each chart stands on its own.
Larry Tentarelli, Blue Chip Daily@bluechipdailyANET more new highs, in the upper right-hand corner. Daily single stock rotations are still high and random, but for my timeframe, is a strong trend.
Larry Tentarelli, Blue Chip Daily@bluechipdaily$ANET $CRWD $NET all made new record weekly closing highs today. (long all 3)
Larry Tentarelli, Blue Chip Daily@bluechipdaily$LITE more new highs after a big monthly base breakout.
Larry Tentarelli, Blue Chip Daily@bluechipdailyMy target holding period is 3-6 or 6-12 months, based on how the chart works. If you are taking positions in high beta stocks like $LITE $SNDK etc., you'll want to understand how ATR works. ATR measures the stock's daily volatility. $LITE has a 6.28% average daily range. If
Larry Tentarelli, Blue Chip Daily@bluechipdailyWe have 6 new record highs in my open positions today: $CRWD $NET $NVDA $QQQ $SPY $XLK As noted last night, the Nasdaq Comp is loaded w/ small/micro caps, in an index that nobody trades. If $NDX $QQQ and my positions start to rollover, I pay attention.
Larry Tentarelli, Blue Chip Daily@bluechipdailyWeak Nasdaq Composite breadth posts might be good for engagement, but not for making money in markets. There's a reason that ~0% of institutional managers benchmark to the Nasdaq Comp. Over 60% of the index is small cap and micro cap stocks.
Larry Tentarelli, Blue Chip Daily@bluechipdailyWe won't always get the right stock in the short-term. I had $AMD and $INTC on the buy list. I took $INTC 2 days before the +12% breakout + an add on buy higher. Since then, $AMD new highs vs $INTC pulling back on $TSM weekend news. In the post below, $GEV went on to be the
Larry Tentarelli, Blue Chip Daily@bluechipdailyWe can learn something every day, if we dial in. I recently bought $BAC, instead of $GS - had both on my screen. I took $GEV over $CCJ- had both ranked equally. Still holding $BAC & $GEV, but when I see this, I go back to all charts at the time to make notes for going forward.
