S&P Fails At The 50 DMA, AMZN SBUX SMCI Earnings
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The consensus narrative is that the correction over the last month has
ended as the S&P has bounced over the last week. But the S&P has still
failed to sur...
2022-10-24
Updated: Auto Parts
The sector is popping on positive analyst comments and higher price targets. They haven't ever avoided the fallout of recession.Update: GPC went all the way to the top of the wedge. I bought puts near the close. the resistance line is my mental stop. I will allow an overthrow if I think the market will reverse, otherwise it'll get pitched out of the portfolio quickly if it goes through beacuse there is a secondary resistance line around $185. If it somehow got there, I'm probably very wrong about where the market is going near term, but I'd also plow into puts.
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