Cycle Trading

[Duma]

My comment back on June 16th.

As I showed Fri, SNOW has pulled back -46% from its high on 2/14, so that is one stock I am really looking for an entry. Both M65 and M12 are heavy into MD (mark down), so I like that a lot. Notice that SNOW had a very clear 3w down setup, but only gave one day to react before the bottom fell out. Will we see more of this kind of action, could.

As I also said Friday, trading SNOW would be swing trading at its best.

With the market as strong as it is, it is hard to find buys, but I keep watching.

I have continued to watch SNOW and it finally bottomed on June 25th with a whopping -47.3% drop. I got a buy signal on Thur. I could have called Wed a signal but was not willing go long on a one day turn around.

I am now up 6.2%, so we will see how it goes.