The rumor mill trading is back on. Just like a repeat of 2011 right when we were on the precipice of a breakdown the “magic hand” came back to rescue the market starting a full blow squeeze. Once the momo started you could see a mad rush of people trying to add some risk to their ports and get their hands on any stock that was too extended and close to a bottom. We arent out of the woods just yet. For all we know we just got a quick squeeze. Going to need to see some follow through tomorrow. I held $dmd and $opnt overnight in case the market wants to gap but Im still using bear market trading tactics for the moment as we are still in a shorterm downtrend within a longerm term uptrend.
WE had a great week in the chatroom. Besides for a couple mishaps on friday due to the transfer onto the new bullson.ws 4.0 site I didnt trade much. We were though for the week 18 for 25 on alerts which is not to bad for a falling market. If I had been more focused and not broke a couple rules I could have boosted the numbers significantly as I missed a few gimme trades that normally I would have found like $bks intraday break on friday.
If you want to see how I trade checkout our SHORT TRADE IN GRPN last week.
bulls crew! our next 16 day trading bootcamp is starting June 10th here is the information https://bullsonwallstreet.com/trading-bootcamp-2-2/ let us know if you got any questions.
Here is todays video: i ran out of time a bit. I also like $avl over 1.5-1.53 area
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