SMC Update 7-6-21

07/06/2021


Comments (4)
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mikepowell.vietnam107
mikepowell.vietnam107

Outstanding Peter, thank you! Exciting times

Optimus
Optimus

Thank you, Peter. One has couple of ways to play their potential index fund holdings (SPY, QQQ and SMH) and I know it's a personal preference. But, considering buying on the dip habit people are exhibiting, would one be better off A) set an upper sell limit just beyond the upper end of the Trend Line, or, B) put a tight trailing stops (of 1-2% max perhaps)? (both have their own risks and rewards). Any other way to play the current immediate environment short of selling the index funds prior to 7:30 AM and buying inverse etfs on what might be a top?
Or, just wait for a follow-on day and avoid buying inverse given the early July cycle we are in? I would appreciate learning on how else one might approach this environment.

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Hsiang76
Hsiang76

Hi Peter is it possible that even when all upside target for diff period offsets have been met, and more than “on minimal basis” but also the full range of projection, we just go higher and higher? Many thanks

Jeff
Jeff

Looks like we went higher again on 7/7. Will be curious to see reasons why SP 500 continues upward.

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