Weekly Highlights 5 [QQQ continues to the downside, Oil & Gas rips, 1.9M trillion stimmy passed on Senate]
What an exciting week! I panicked a bit when I suddenly had an open position in eToro when I couldn't remember initiating one. Until it dawned on me that I had a limit buy on PENN on a trendline support. I managed to close this immediately at a gain, only to give it all back misreading dip buy on SKT.
In Twitterverse, the pumpers and momentum bulls are even quieter than previous weeks; on the contrary, the traders and bears take the center stage. I could care less about what is happening with the market, my trading account is still up 17% for the year. I am currently sitting on cash with the exception on my regular Index Fund buys and just recently, regular crypto adds.
For the week, Oil & Gas, and Financials are the leaders whilst Tech continues to be the laggard. Many names with stellar earnings report in the Tech sector were not spared e.g. PINS, ZM, APPS. I have scanned the best stocks holding on to this sell-off in the MOMO (Momentum) category with more or less triple digits revenue growth YOY and will only focus on those.
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