3/17/2019 Stocks continue much higher despite hitting resistance. I still wouldn’t be buying at these price levels (for the longer term).

Category1 1 Minute

DIA weekly 3_17_2019.JPG

Notice how despite last week’s drop, DIA continues to push upwards. I still don’t think this is a good price level to buy at if you plan to hold for a year or more.

QQQ weekly 3_17_2019.JPG

Technology stocks surged over 4% this week, which you can see in the weekly chart of QQQ above. I think QQQ will outperform relative to the DIA, so a possible trade would be to short DIA, and simultaneously buy QQQ. 

See you next week! 

Published by bigfry

Hi, I’m Nathan. I’m currently a senior at Boston University majoring in Finance and minoring in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. Outside of school and trading stocks, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game. This blog will be dedicated to sharing my trading experience, what I learned from the books I’ve read, and commentary on whatever I feel like.

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