Get in Touch

We are almost at the top of the trading range… Get Short

November 9, 2022
The Money Magicians
The Money Magicians Blog G. Allan Collins

Mon 11/7/2022 8:13 AM

Good Morning

Spy was up roughly 1.44% on Friday, we hit resistance right at the 50 Day Moving Average and we were rejected hard. 

If SPY can break and close above $390 the bulls would clearly take a run for Spy $400 and higher…but remember, we

are in the midst of a counter trend rally that will end shortly.

NVDA-We recommend shorting the gap up on the open, we are Short 2000 shares but plan on shorting a lot more if we get that gap open, if not we will wait.

Cheers

G. Allan Collins

Share:

Comments

Leave the first comment

Verified by MonsterInsights