$SPY (target by year end $450+) $TSLA $AMZN $AAPL $BA $ROKU $NFLX I thought today was a great dip buying opportunity. The market sold off for the main reason that Covid Delta variant is spreading quickly and can cause another global market shut down. On a technical level, the $SPY broke the 20SMA but held the 50SMA with 150M+ shares of volume. The 10 year treasury yield which is acting really strange lately and not trading the way it should held (I do expect this move up along with the 30 year treasury yield in the second half of 2021). I'm still cautious about inflation being transitory only but JPOW and Janet Yellen appears to be managing investor expectations and market expectations regarding inflation pretty well which is even more important then the actual inflation rate. Overall today, was a day to start to deploy capital.
5
5
5 Likes