To The Moon

$Advanced Micro Devices(AMD)$ is up 4% since our initial entry. The system says stay long.

Here is the full picture.

Our long term and short term systems are both bullish on AMD right now. 69% of the time when this setup appears, price rallies around 20%. We are 4% into that move.

Buying pressure on the monthly BX has dipped a bit. We are staying the course anyway. Our criteria is still met. The system says hold, so we hold.

Now here is the part people are going to push back on.

I am bearish on $NVIDIA(NVDA)$ . $Invesco QQQ(QQQ)$ is not looking strong to me either. And I do not care. My job is not to have opinions. My job is to trade my system. If the system is not long on those and it is long on AMD, I follow the system. That is the only thing I can control.

We have been trading $AMD since May of last year when we timed the bottom. We have been making money on this cycle the whole way up. That is why I have no problem staying in.

If you have not been in this trade and profiting along the way, be careful. Every bull cycle ends eventually and that is when we take our loss. You need prior gains to absorb that.

For those of us who have been riding this, my upside target is $240 to $260. My expected downside stop is a gap fill to $160.

System is green. We stay the course.

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