7/25/2021 Stock market recovers from previous week’s drop and reaches all time highs. Still thinking a larger pullback is due, but I’m not going short yet.

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Hi everyone, I hope you had a nice weekend!

I’m still holding my long positions, but think the market is due for a somewhat larger pullback in the 5-10% range. Futures indicate that we will be down on Monday.

WBA daily chart below. I’m slightly up on this position, and I plan to hold for much longer.

M daily chart below. It’s doing surprisingly well. I got very bearish on it again, and it once again jumps up.

Many chinese stocks have been dropping a lot recently, with many offering a decent longer term (1+ year hold) entry. I’m looking at BABA, JD, BILI, DIDI.

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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