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Every morning before the market opens I spend about an hour looking through the charts of all the stocks and ETFs that I follow. This morning I was looking back at how some of the bounce plays I mentioned in the my “August Bounce” video. Many of the ARKK-related plays had large runs, such as AXON and ADBE. However one ETF looked slightly different to me this morning… MSOS.
Well, my blown-to-smithereens virtual portfolio is catching some relief from the meme stock collapse. Of course, I played these like a moron, getting puts on BBBY that were a comic MONTHS away, instead of, ya know, TODAY. In any case, I’ll take a few billion in profits, thank you. I virtually need it!
Per Tim’s request, I’m sending content your way. I’m know I’m no TNRev, but I thought I’d note some interesting action on the prior market leaders. They still hold a lot of weight in the indices (especially AAPL), so it is worth looking at which direction they are set up to move.
