So we had a pullback yesterday and looks very strong today. This does look like it will continue till at least end of March and as long as 1-2 weeks of April.
But there are no guaranties in bear market rallies.
So be cautious . I see that AAPL is acting very strong. I think this can easily go up to its last high of 115 but again I am trading with very tight stops.
Overall this is a rally with huge momentum but not much of anything else. So I must say that though buying puts seems exciting , it is better to wait for the market to exhaust this momentum and show its trend change.
Also there is great excitement about Cloud Computing as the next big thing. The beneficiaries of this might be AMZN , VMW and GOOG. There is talk that MSFT HPQ might want to get in and do some acquisitions.
If that is so then out of those 3, only VMW is the one which might be open to get acquired.
VMW is owned by EMC . So VMW and EMC stocks would be the ones to benefit most, if VMW is bought out. But this is pure speculation.
I would say keep them on your radar.
Also I have a new rule , sort of, never mess with AMZN. This one has lots of shorts and its a company with lots of good stuff. They did not suffer much in the retail collapse and seem to be benefiting every quarter.
RTO Gets Serious: October 1
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If ever a week was ripe for delaying your return to the office, it was
this one. Hurricane Idalia cleared out the weather up and down the coast,
brin...
1 year ago
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