2/6/26 Recap

The QQQ is making a bounce today but nothing meaningful at all. Look where the moving averages above are, we’re not even sniffing the 100 day(white line) right now and the reality is until we start reclaiming some of these moving averages above, this is just a small bounce within a larger downtrend. The first big test will be when we test that 8 day that is now sloping down(blue line) will we reclaim it or reject there and continue down. So while this is nice progress, we are not out of the clear. Overall it’s hard to be bearish long term, stocks up go up 90% of the time but when things like the 21 ema were lost a few sessions back, reducing your exposure/leverage will always save you a little headache, but you see my positioning below everyday, I never get bearish to the point I close everything up unless we do something like lose the 200 day.

Top Gainers From Yesterday’s Recap

My Open Book

Trades I Made Today