Dale Rex Doust
Good day everyone Here is an update on the portfolio. The market looks like it is starting to recover, we are seeing alot of the trades forming new highs and are in the process of testing the new support levels. Current trades open - ( BUY ) $AAPL (Apple), $AMZN (Amazon.com Inc), $GOOG (Alphabet), $MA (Mastercard), $META (Meta Platforms Inc), $NFLX (Netflix, Inc.), $NVDA (NVIDIA Corporation), $RSG (Republic Services Inc), $SPX500 (SPX500 Index (Non Expiry)), $SSO (Proshares Ultra S&P 500 ) ( SELL ) $AAPL (Apple), $AMZN (Amazon.com Inc), ( ORDERS ) - Quick recap: $AAPL (Apple) - have not seen a new higher high, so the hedging trade remains. $AMZN (Amazon.com Inc) - We did see a new high form, but on the test of the new support, it dropped below the level, so I opened a hedging trade. Got a feeling this was not needed, but always better to play it safe. $GOOG (Alphabet) - a new high had formed, it is now dropping to retest the new support level. $MA (Mastercard) - Got a new high, it has pulled back to retest the support. $META (Meta Platforms Inc) - This also formed a new high and is in the process of testing the new support level. $SPX500 (SPX500 Index (Non Expiry)) - This formed a new high and tested its new support, where it seems to be holding. $SSO (Proshares Ultra S&P 500 ) - New high formed, it is testing the new support, but it is having a hard time with the market correction that it is trying to test at the same time. $NFLX (Netflix, Inc.) - This is looking good with a clean break above 1064.02 heading up to around 1360.16 $NVDA (NVIDIA Corporation) - New high formed on its way to test the new support $RSG (Republic Services Inc) - It's forming new chart highs, should see a nice jump in price once above 253.70 This next month should show is the market is going to fully recover or if we're going to have to hold on a lot longer. I may open some smaller, short-term trades in the future, just till this movement has come to an end. As always Feel free to ask me questions. Regards Dale