$SPY & $HOOD Bearish, $MU Overextended, $JD Lessons in Risk Management
Key names are at critical junctures.
$SPY teeters on a daily head-and-shoulders, $MU looks expensive in the short term, $JD highlights the importance of cutting losses, and $HOOD remains in a bearish cycle despite potential relief rallies.
1. $SPDR S&P 500 ETF Trust(SPY)$
Liquidity is hanging on for dear life.
And $SPY is building a daily head and shoulders.
If that neckline breaks, things could get ugly fast.
2. $Micron Technology(MU)$
I hope I’m wrong, but I don’t think now is the time to buy $MU.
Yes, trend is bullish and buyers are still in control.
But short term, you’re paying an extreme premium.
My ideal play is a 20% pullback, then looking to buy the dip.
3. $JD.com(JD)$
This is why we cut losses when the system breaks on $JD 🩸
We exited with a loss late last year. Since then, the stock has dropped another 20%+.
If we stayed, we’d be down more and stuck with dead capital the whole time.
Learn to lose quickly, protect capital, and move on.
4. $Robinhood(HOOD)$
HOOD is still in a Bear Cycle in my system.
Monthly BX is dark red, so trend stays down, but a relief rally into the $60 area is possible.
Monthly Bias is often a strong support zone, but I’m still on the sidelines.
I only buy when there is real pressure in the market, not on “discount” alone.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
-
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
-
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
