Author: stonkgang

Owner of Stock Gang. A full time swing trader and financial independence author.

25th March 2024

I feel complacency was in the air Friday, hence my decision to avoid long positions and focus on positioning short. It’s clear that a lot of the leading names are now going up on thin air, those who were bearish in early January have now miraculously flipped long and cherry picked data to fit their internal narrative. Weed names were amongst the leaders last week, SNDL MSOS TLRY etc exploded from their lower bases &

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21st March 2024

Huge market pop due to rates remaining unchanged. A lot of nice daily setups have now broken out and therefore the best entry have gone. For the past couple of weeks I’ve been taking mostly long positions, which has worked extremely well and whilst we are not extended yet, according to my principle setup, I am preparing to flip Net short. Now don’t be mistaken, there are plenty of names I’m happy too long. Just

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March 20th 2024

Lovely pullbacks on crypto miners and semi-conductors, with a large amount of sectors tanking at open, only to recover throughout the day. This kind of price action is not bearish, however a bunch of leading names are against or below their 17ema; which could suggest chop/trend change. With interest rate decision and Powell speaking today, the market could get a little dicey. Therefore not looking to make any major moves. $BNTX reported earnings with a

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19th March 2024

With the fed and interest rate decision tomorrow, I’m remaining relatively cautious. I haven’t been too focused on news events lately, due to them often providing little reaction except chop. However, most of the leading names are breaking below MAs; indicating a change of direction. $SLV – The weekly and Monthly (chart shown) are hitting a huge resistance level and breakout point, following a 4 year flag. The Gold to Silver ratio also appears to

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18th March 2024

Quite honestly, the market has provided some incredible conditions for short term moves. My average hold time is now under 5 days and will likely stay this way for the foreseeable future. Bitcoin/miners provided fantastic ops last week, with MSTR and COIN dishing out incredible R/R. Whilst I have covered all my shorts, I’m strategically awaiting to put exposure back on. In terms of setups, TSLA provided a nice pivotal entry which I’m still long

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