Cycle Trading

[Duma]

I am not a big fan of holding all the FAANG stocks because I really don't like the price movement of FB and NFLX. They are both prone to big pb's.

But I have started to get very interested in paying more attention to AAPL, AMZN, MSFT, and GOOGL. They all got good buys earlier, but I especially like what I see in AAPL and AMZN even now. I think they may still have room to move even though they are well into MU (M65>0) on the daily. AMZN did pb with the rest of the market last Mon, but recovered well. I made a small purchase on that pb.

After reviewing my charts this weekend, I decided that I am going to open a bigger position in AAPL and AMZN.

Then I was reading my weekly chartwatchers email and I came across this article. Greg makes a great case for both of these stocks based on weekly charts, which I never watch. I am particularly impressed with how these stocks form plateaus and them surge to a new one.

SHOP was interesting, it was one of my MF stocks. It just recently broke out and is now up 45% for the year. Think I will pass.

https://stockcharts.com/articles/chartwatchers/2021/07/these-names-are-alluring-512.html