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.

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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 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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