Stock Blog 12/1

This week the market did very well! Everything is working right now, whether it be setups or earnings plays, and there are so many opportunities to make money. QQQ and SPY both closed up this week, continuing the strong uptrend, surfing the 10-week moving average.

QQQ:

SPY:

In terms of sectors, Crypto and tech-related stocks are extremely hot right now. Stocks like MARA, AAOI, MSTR, and IONQ are doing extremely well. These stocks are mostly crypto-related as BTC is rising extremely quickly as well as a myriad of other cryptocurrencies.

My Portfolio: This week I had some really good trades. Firstly, I traded AAOI for a nice swing. I sold too soon, though, and didn't make nearly as much money as I should've. Even today, it still looks really good and should continue rising. This setup was a breakout as it made a big move up, consolidated, and then broke out. Another trade I made was news play on XAIR. This was an IPO and it had really good news, surprising the market. In two days I caught a 100% swing. I sold it for a nice profit. My last memorable trade of the week, which I still am currently in, was in HURA. This was another news play as the company had passed the third phase of its drug trial. This was another market surprise and I am currently up about 30% on the trade. Overall, it has been a great week. This good performance just goes to show that you don't always need to trade, but that rather, instead of constantly being in the market, you should pay attention to the market cycle and primarily trade when the market it doing well.