Bausch Health Companies Inc (BHC)

[Zilla]

Well this past week has been interesting. BLCO and BHC posted good earnings and both went down after. Overall market was hit hard Thursday DOW -700 at one point and Friday -1000 at one point. So the BEAR is in control and I luckily was in 1/3rd cash after the ER and pulled those funds out of my trading account and are now in the bank. August and September will probably be rough until just before the FED meeting in September where many are expecting rate cuts. We will see...
ALSO the beautiful cup and handle that was forming on BHC got broken with the BK rumor dip to 4 and Fridays dip to 5.10 from 6.10 off of a 3 price target. If we get close to 3, I'll pull that money from the bank and buy a TON...Until then, I've got enough for this year and next. I really wanted to add some of my other plays I sold the past few weeks but it just feels like were going down AT LEAST 10% if not more. DOW's high is 41376 S&P's 5669 Which both hit down 5% from the high on Friday.