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7/21/21 - Momentum continues
(Sorry for the noise from dog chewing a bone in the background...)
Another day in the green to make it 2 in a row, with 8/11 S&P sectors finishing in the green with pretty substantial gains. SPY/QQQ/DOW all finish up with nice gains of .81%, .77%, and .84% respectively.
Institutions and large cap companies are collectively sitting on around $2T in cash which is likely going to be used to boost the market in the way of stock buy backs and dividend boosts. Good sign for some bullish momentum in the near future.
Bitcoin has a nice rally over the past 12 hours and it is now sitting at $31.5k, great to see considering we anticipated a pretty sharp slide when it dropped below the $30k support area.
JPM, RKT, DAL, and TRGP were all good moves today finishing up in the green, however since we traded a little earlier in the morning we were only able to cash in pretty nicely on TRGP, JPM and RKT stopped us out (did not see a good enough entry for us on DAL).
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By Derek Hutson(Sorry for the noise from dog chewing a bone in the background...)
Another day in the green to make it 2 in a row, with 8/11 S&P sectors finishing in the green with pretty substantial gains. SPY/QQQ/DOW all finish up with nice gains of .81%, .77%, and .84% respectively.
Institutions and large cap companies are collectively sitting on around $2T in cash which is likely going to be used to boost the market in the way of stock buy backs and dividend boosts. Good sign for some bullish momentum in the near future.
Bitcoin has a nice rally over the past 12 hours and it is now sitting at $31.5k, great to see considering we anticipated a pretty sharp slide when it dropped below the $30k support area.
JPM, RKT, DAL, and TRGP were all good moves today finishing up in the green, however since we traded a little earlier in the morning we were only able to cash in pretty nicely on TRGP, JPM and RKT stopped us out (did not see a good enough entry for us on DAL).