Another Powerful Rally into Multi-Year HIghs on Fed’s Stimulus Move!

S&P  1,459.99+23.43+1.63%  Nasdaq  3,155.83+41.51+1.33% Dow  13,539.86+206.51+1.55% Oil  98.8499980.54+0.55%  10-Year Bond 1.756-0.009-0.51%

What a big day! Today market had a huge rally helped by Fed’s stimulus plan announcement. The Dow and the S&P 500 both closed at their highest levels since December 2007, while the Nasdaq ended at the highest since November 2000. The volume swelled.

 AAPL got upgrades by many analysts this morning and hit its new all time high over $685 before closing at 682.98 which is below Monday high 683.29. Last a few days the seesaw/choppy price action on leaders like AAPL, GOOG, EQIX seemed far away from our memory as many traders on twitter seemed to have made fortune from dip buying yesterday at their SMA 21-day lines, especially AAPL. Big Congratulations to all!

 Recently, a Chinese saying came to my mind:  If you do things careful during uncertain time, you will have smooth sailing for many years. That was how I dealt with my AAPL trades during its wild whipsawing trading sessions. Today I bought it late near 676 and sold near the new high since market looked to me near very overbought condition. Additionally, I wonder if so many upgrades out at same time would create the euphoria like top soon on AAPL short term. My entry at 676 didn’t give me much cushion to hold for too long as it could swing 10-26 points daily.

 Here I attached my AAPL 3-day-5-minute intraday chart with notes below:

AAPL 682.98 Up 13.19(1.97%) 4:00PM EDT

Always be OBJECTIVE and FLEXIBLE when trading!

Trade well!

Love and compassion are necessities, not luxuries. Without them humanity cannot survive.” – Dalai Lama

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About Angela Zhou @z8angela on Twitter

I am a full-time swing/day trader trading stocks & options. I got into stock trading/investing since the internet bubble in 1998. I am optimistic in life and objective in trading. The purpose of this blog site is for me to share my trading experience and market view with others. I may write something about life experience and living, too. My motto is: A Great Mind Becomes a Great Fortune. I love people and life, and I appreciate beauty in everything. Thank you for viewing!
This entry was posted in Market and Trading, Uncategorized. Bookmark the permalink.

3 Responses to Another Powerful Rally into Multi-Year HIghs on Fed’s Stimulus Move!

  1. zzen says:

    Thanks for posting your sentiments, helpful for me to monitor.
    Also your blog is linked on you twiiter profile, but not on stocktwits. Would make it easier to find?

  2. R.G.Bullet says:

    Hi Angela:
    Thanks for your great posts – open and very useful!
    Is it possible to send you some brief Questions via email?

    Thanks
    Rob

    uber1338@gmail.com

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