The continue up move - Trading Journal (11.24.20)
When you do not need much thinking and simply buy the index to make a few percents a week it may look like an amazing opportunity lay before you. Hey better yet spot a high flyer and catch a few percentage or even double your money in days.
For example:
FCEL doubled in 5 days or less.
RIOT doubled in less than a month.
PLTR Palantir doubled in less than a month.
If you were a little patient... NIO 12 times in six months.
Clearly the market is prime to be a buyers a market.
Russell 2000 best month ever with over 20% increase.
Life is all good except for the fact that there maybe so much buying that people neglected there may be some selling. Put to call ratio of equities is low, and not to mention greed index higher.
On the back of commodities sell off where gold and silver are dropping.
While oil and energy stocks are through the roof!!!
A lot is going right with the stock market heading into Thanksgiving and remainder of the year. Since 2020 we saw a bear market and a bull market I got to believe that what lies ahead will be filled with excitement. Stay safe out there. If long any stocks that have seen massive gains it does not hurt to cash in on a few. Year end tax season is also upon us and closing a great quarter for institutions will not be far off.
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