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.

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!


Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Connecting to %s