Weekend Review

Rest day for most. QBTS strong. Trimmed some and closed some.

POSITIONS

Mainly a rest day in the port on Friday with a few like QBTS HOOD BE acting well.

CLS

Did sell this Friday. Just never really got going after the gap up and finally decisively lost the 20ema. May just need to test the 50MA so will keep on watch but out of it for now. 9R realised profit

PLTR

Got stopped on this for 1R loss. Still has a weekly cup and handle look so see if it can support on 50MA/10WMA

Took some trims in to strength on HOOD QBTS BE which I’ll share in the weekly positions review below.

Also have another video below looking at all positions, indexes, breadth and main watchlist so let me know if you enjoy the video style as well. Feel I can go in to a lot more detail with the video format as well as getting through a lot more stuff.

WEEKLY POSITIONS REVIEW

HOOD

Sold 1/3 of this at 28% gain. Acting well and just started to speed up a little to the upside so happy to lock a little in. Trailing stops on 20ema for now.

BE

Sold 1/3 at 32% gain. Strong move off 20ema in to new highs. See if it can form a handle here in to MA’s to add back. Trailing stoop on 20ema for now.

QBTS

25% gain in a day and a half was enough for me to lock in 1/3. I like to be more aggressive in to strength with these more volatile names. Will trail the rest on 10/20ema unless it goes in to a parabolic type push

NDX (QQQ futures)

Acting well. Just riding the 10ema at the moment.

Weekly you can see my buys and sells. If you look at previous history it tends to respect the 10,20,30 week MA well in uptrends so will piece out stops on those

UUUU

Acting well since the gap down on the offering and back above that level now. Sign of strength. Highlighted the inside day setup off 20ema. Stops below 20ema for now

VRT

Really strong last week and great to see it not giving anything back last two days. See if it can handle out here in to MA’s. Stop on 20ema for now.