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2020 - June 19, Stock Market Recap - MasterChartsTrading

6/19/2020

•S&P 500 gains slightly for the week. Overall stocks are bullish – SPY, DIA

•NASDAQ is approaching records. Record highs are not made in bear markets

•Technology sector next to records. Biotech closes at new records – XLK, XBI

•Recent trade examples: PayPal, Tesla, Ovid Therapeutics – PYPL, TSLA, OVID

•Junk debt shows bullish bias for stocks – JNK, HYG

•Treasury bonds are a buying opportunity right now – TLT

•Oil up over 49% since recent alert – USO

•Dollar at resistance as, gold again approaches multi-year records – DXY, GLD

•Bitcoin somewhat indecisive, but the trend is up – BTCUSD

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1 Comment

indira

7/8/2020 03:50:26 am

Hi. Great comment. I don’t have all the answers. My thoughts are as follows:
1) If Feb or Dec 2018 caused massive losses then… you traded too big and too aggressively.
Many people (not me) actually made money in those months.
2) I don’t think there’s any other way to trade than to pick your spots and be patient.
You’re also reducing risk by being patient.
I trade much less frequently than I used to, yet my results are the same (and I have less stress).
If you’d like to discuss, you’re welcome to book a call https://beststockstrategy.thrivecart.com/30-minute-call/
or take the alerts at
https://beststockstrategy.com/memberships/

2020 - June 19, Stock Market Recap - MasterChartsTrading

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