SMC Update 7-15-21
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Comments (4)
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Hello Peter, could you review the VIX or VIX related ETF.
Maybe a TSHIRT update Friday special can happen??? ;)
Market does not seem to let us in on the downside. So, knowing we still have the Dow Jones projections outstanding, looking to nibble some DIA into the close.
Update: a small limit order got filled at $346.45. I noticed DIA was approaching the continuum (345.86 for the 7/8 offset) at the close. Trailing stop at 343 (1%); plan to buy more if that holds. Upside to 357 (12.1/ 3.8 offset) but will keep moving the trailing stop up if we move higher.
What are others doing with the service in this environment? If you want to share.
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SRTY must have made you happy; up 10% last week. MACD also shows IWM as oversold. Let's see what next week brings.
TSLA: Peter beat me to it. Let me know if there is anything I can look up for you.
SRTY: Due to the recent rapid move up, I didn't see any outstanding downside projection. But, it does have couple of upside projections and is already in their projection window. The highest possible level is on the 48.4/55.3 offset of $12.12.
CMG: One downside, a preliminary projection, generated Friday for the 7/8 offset to $1,532.88. At which point we could see a cascading downward effect from the next offset as Peter highlighted on this weekend's update.
I am looking at NVDA as well. May short it if it bounces to a level I am looking at. Not chasing downsides at this point. But, that could be another juicy one.
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