Dale Rex Doust @Trex8u247: "Good day everyone Here is an..."

South Africa

Good day everyone Here is an update on the portfolio. We are not out of the red yet. The trend in the lower time frames has started to turn upwards ( Bull ), I have not seen any confirmation in the day charts, so keep your eyes open for some new higher lows to form before getting excited about it. Current trades open - ( BUY ) $AAPL (Apple), $AMZN (Amazon.com Inc), $GOOG (Alphabet), $MA (Mastercard), $NFLX (Netflix, Inc.), $SPX500 (SPX500 Index (Non Expiry)), $SSO (Proshares Ultra S&P 500 ) ( SELL ) $GOOG (Alphabet) - ( ORDERS ) - $NVDA (NVIDIA Corporation), Quick recap: $AAPL (Apple) - On the weekly chart, the pullback is lying nicely in a Fib retracement, so still looking ok $AMZN (Amazon.com Inc) - Similar to $AAPL (Apple) on the weekly chart, this is still looking okay. $GOOG (Alphabet) - Sadly, this one does not look so good even on the weekly. It is holding above a support level but if it breaks, we could see a large drop before we start to see any recovery. I have hedged this trade till it can work out where it wants to go. $MA (Mastercard) - Sitting above a support level, not the cleanest looking chart, but it is holding strong for now. $NFLX (Netflix, Inc.) - The weekly chart is looking good. The level we need to watch is around the 1057.72 price. $SPX500 (SPX500 Index (Non Expiry)) - Weekly chart is holding, but it has bounced off resistance 3 times before the drop happened, so we may see it come up to price ( 6098.00 ) and retest that level $SSO (Proshares Ultra S&P 500 ) - very similar to the $ SPX500 I have seen a bounce upward, but only the forming of a higher low will show that the market is starting to recover So as always Feel free to ask me questions. Regards Dale