8/29/2021 Markets continue higher to new all time highs this week. Still holding WBA swing trade and medium sized BABA long term position.

Category1 1 Minute

Hi everyone, I hope you had a great weekend!

SPY daily chart below. Looks like this pullback was short lived again and the index rebounded near the 50 day moving average (blue line). Maybe the next pullback will be deeper, who knows.

BABA continues lower while many other Chinese stocks rebounded this week. Although I’m down quite a bit on this trade so far, this is still part of the plan so I don’t mind.

BABA daily chart below.

I’m looking at buying AMZN on the next pullback (if it drops to around 3250). I will keep you updated if I take a position. Enjoy your week!

Published by bigfry

Hi, I’m Nathan. I graduated from Boston University in 2020. I majored in Finance and minored 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 stock trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, watching anime, and playing poker (NL Texas Hold 'em).

Published

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s