10/19/2020 Stock indexes flat this week, and I went long on AMGN. Still bullish very near term and bearish medium/long term.

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Hi everyone. I added a short term swing trade (long) on AMGN this week at 235. I will sell before earnings in about a week and a half. My overall outlook on the market remains the same: bullish very near term (1-2 weeks) and bearish on all time frames after that. I think valuations are still too stretched in the FANG stocks.

SPY weekly chart below:

Since I’m bullish in the near term, I went long on AMGN this week at 235. Chart below (SL 225, Profit exit: 255 OR before earnings)

I hope you have a great week!

Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother. I'm currently teaching Go full time, which has been the best job I could ever hope for.

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