$Oracle(ORCL)$ Very nice washout at 137.50, then a strong reversal with 143 - 145 holding the rest of the day. Plenty of buyers who missed the dip are hoping for a second chance tomorrow. Strong odds of a continuation move with 148 - 150 in play, not sure we see 137 again this week.
$MicroSectors Gold Miners 3x Leveraged ETN(GDXU)$ $Invesco QQQ(QQQ)$ $Materials Select Sector SPDR Fund(XLB)$ One day up 0.73%, the next up 5.33%. Same rules, same portfolio, no intervention. This is what concentrated trend following actually feels like. The volatility cuts both ways. If you trim every winner because the ride feels uncomfortable, you also remove the possibility that one trend becomes large enough to carry the book. Right now $VanEck Gold Miners ETF(GDX)$ is doing exactly that. The Turtle didn't predict the rebound. It simply stayed with the trend. The har
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ US debt has now passed $40T. We are technically in a debt runaway at this point. There is no stopping the show at this level. All that's left is for the CB to raise rates a few % points and our gooses are cooked. By 2030, we will see 45-47T, and market/equities will continue to rise, against all odds. Staying invested and investing more where possible seems like the only reasonable path. Keeping the home you have is also part of that. For those trying to catch up or just starting out, it's a tough spot.
$Invesco QQQ(QQQ)$ USAEquityResearch is at 716.52, down 0.14%. The trend still looks bullish. RSI (14) is at 68.0, so momentum is strong but getting close to overbought territory. MACD remains bullish, above the signal line and rising, while volume is below average. Key levels to watch: resistance at 732.07, support at 661.73. The 20-MA is at 706.80 and the 50-MA is at 712.87. Educational content only. Not financial advice.
$SPDR S&P 500 ETF Trust(SPY)$ Trading on emotions is what hurts a lot of newer traders. $Meta Platforms, Inc.(META)$ has traded 23m shares, while its daily average is 20m. This doesn't look like mass selling to me. It looks more like buyers holding off and sellers dumping into a void. That's not a time to sell, in my view, it's a time when shares are being bought.
$Intel(INTC)$ Bought 100c 9/18 contracts here. There are positioning crumbs showing, so I'm going with that. Risk assessment is key right now. Discipline over emotions. NFA.