It’s me again…
The S&P 500 Index ETF (SPY) is falling apart like a bad burrito. This is the dip I have been expecting and writing about for weeks. Truckers, it’s going to get steeper and likely level off around SPY 270. This is where I would like to get aggressive again. See 15 min SPY chart below.
S&P 500 Index ETF (SPY) 15-minute
Continuing the review…the following entry recommendations are very recent (last 3 weeks) and getting sucked down with the broader market sell off. Unless otherwise noted these need some Pay-tience.
As you know, I recommended these expecting a dip. Stay strong…PAY…tience.
Evolent Health Inc (EVH) weekly
Up 4% from my entry recommendation on 4-15
Piper Jaffray Companies (PJC) weekly
Up 3% from my entry on 4-15
Wynn Resorts Ltd (WYNN) weekly
Down 13% from my entry recommendation on 4-22
Symantec Corp (SYMC) weekly
Down 21% from my entry recommendation on 4-22
Bank Of America Corp (BAC) weekly
Down 5% from my entry recommendation on 4-22
Morgan Stanley (MS) weekly
Down 5% from my entry recommendation
Cronos Group Inc (CRON) daily
Down 15% from my entry recommendation
Stemline Therapeutics, Inc (STML) weekly
Even from my entry on 4-29
Western Digital Corp (WDC) weekly
Down 14% from my entry recommendation
Advanced Micro Devices (AMD) daily
About even still…expect more dip
AudioEye Inc (AEYE) daily
Up about 1% from 5-6
Guggenheim China Technology ETF (CQQQ) weekly
Down about 5% from my 5-6 recommendation
Etsy Inc (ETSY) weekly
Down 13% from my entry
Bitcoin (GBTC) daily
Bitcoin is a moon shot and just cleared $10…up 130% in two months. Hold for now.
No new entries until we get the broader market wash out which is currently underway. Current market action is normal and expected…so far. See you at SPY 270.
All the best to you and I hope you find my charting helpful.
Don