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The mega-rally that started two weeks ago has, in the cases of stocks that were particularly badly savaged, been serving to push prices back toward crucial price gaps. We’re getting awfully close on some of these. Here are three concrete examples:
I am taking advantage of the (laughable) rush to buy stocks again by shorting some retailers that are approaching major resistance levels.
The day isn’t quite as big a kick as I thought it might be, but steady as she goes. On the whole, I am in wait-and-see mode. One in particular worth watching is Advanced Micro Devices. In particular, I’d like to see it get as close to that gap as possible.
Relevant not just to MSFT but to QQQ as a whole:
