Trade Journal

2024-03-11 00:00:00 Trading Investing Stocks AMD NVDA MSFT SMH ETF

My plan is to stay out of the market today. There was some violent sell off on Friday in the semiconductors. All the stocks and ETFs I follow sold off and there were a lot of shooting starts or bearish engulfing candles.

Several of the indices are looking tired too, the S&P500 has a bearish engulfing candle as well.

But MSFT is hanging in there, that’s one that I want to bet on for the long term and I might be increasing my long term holdings of it.

Semiconductors

These charts are flashing a turning point. We’ve come so far and so fast that we’re overdue for a pull back. I’m going to be watching the market today and will sit on my hands.