I do not know about AAPL, but market turned bullish from yesterday morning. However, volatility will make ups & downs and temporary pull back.
Dip the market when extreme fear is there. Lucky, I had Sat & Sun to analyze nicely to decide what to buy.
This is a rare event for Bank stocks, KRE (long term swing) ETF dropped to $41 to the lowest after Mar 2020 (which was $27) and the second best DPST (short term 3x swing) $7 (now $9.86 almost 40% up) in 2 days. Even though I missed buying lowest bottom, purchased bulk ETFs.
Moodyâs very delayed downgrade on US bank is a waste and does not work anymore!
BTW: This DIP rotation was Bank shares (KRE & DPST) and last time DIP was Chip set (After that SOXL jumped 97%).
It does not mean I am completely bullish, but short term 1-4 months bullish as first leg of correction comes to an end and market IMO can not cross 4440 (SPX) above.
Good I have 30% in stocks, 70 cash position, will wait for further dip (any time on or before FED meeting) as I expect market volatility continue until FED says âNO RATE HIKE!â
Market looks like forcing FED to stop. let us see !
This is similar to year 2020, Market started dropping from Jan 2020 and ended Mar 23, 2020 one day after FED meeting
I do not want to sell some of the bank stocks that I purchased deep low. Today, when FRC came to $20 and below, started DCAing. Same with PACW and NYCBâŚetc. Still do not know whether it is right or wrong, but time will tell me.
I keep KRE and DPST for trading purpose, esp now along with TQQQ/SOXL.
I mainly DCA SQQQ to cover the bank stocks holding as a hedge !
True, tough to manage the volatility, but it is the price that matters. For example, I started DCAing DPST $8 or below, but when it jumped to today 9.50, I just sold everything.
With my site already giving SPX sell at (S4:3960.28) and tomorrow QUAD witching, followed by FED decision on Wednesday, market wonât stand upside until FED meeting!
For these, I do not need to monitor market, but my system will send text messages to me when market goes to extreme ends.
AAII Sentiment Survey:
Bullish: At a 6-month low; 34th lowest reading since our weekly survey started in 1987
Bearish: At a 4-month high, last higher on December 22, 2022
Good or Bad, Holding NYCB shares which is taking over Signature Bank assets (except digital assets).
I still have GTC purchases if NYCB goes down below my previous price !
I think either way the market will have a new direction for months. Thereâs no point in trying to front run the decision. Let the decision happen then get aggressive in the new direction.
broad base.