Markets recovered in the second half of the day after gapping down well over 1% on the back of poor guidance from Microsoft last night. TSLA reported an earnings beat after the bell and was up 5% after-hours. We have seen further evidence that the indexes have bottomed, but keep in mind that there will be plenty of time to get positioned in the best names, so mitigate any FOMO and use the progress you’re making in your own account as your barometer for aggressiveness. I have yet to see much progress, but things are improving quickly, signaling that it’s time to start positioning for the first leg of a potential uptrend by buying leading stocks coming out of quality base patterns, while still limiting total account risk by maintaining stops and using progressive exposure. Easy enough, right?
The Next Market Leaders - 1/25
The Next Market Leaders - 1/25
The Next Market Leaders - 1/25
Markets recovered in the second half of the day after gapping down well over 1% on the back of poor guidance from Microsoft last night. TSLA reported an earnings beat after the bell and was up 5% after-hours. We have seen further evidence that the indexes have bottomed, but keep in mind that there will be plenty of time to get positioned in the best names, so mitigate any FOMO and use the progress you’re making in your own account as your barometer for aggressiveness. I have yet to see much progress, but things are improving quickly, signaling that it’s time to start positioning for the first leg of a potential uptrend by buying leading stocks coming out of quality base patterns, while still limiting total account risk by maintaining stops and using progressive exposure. Easy enough, right?