Bought UWM and QLD this morning with impunity. Up on both of those trades. I knew I had too much of a good thing when CALM hit 9%. Today it pulled back hard.

Things still look ok and I’m looking beyond this week’s trading action, not tomorrow or Friday.

I’m a little ticked though I missed the solars.

A couple of these firework stocks popped today PLNR, OWW.

I bought some PLUG trying to capitalize on the firework plays that haven’t really been working this week.

I sold FRPT with a slight loss before it fell apart this morning, then I see that it rallied eod to finish on the high of the day. That blows. The entire defense sector has been heating up with everything from LMT making a new all time high last week, GD flirting with all time high resistance, to TASR breaking a steep weekly trendline to the upside. In case you don’t know what FRPT does, they make bomb proof vehicles. So if this sector is moving FRPT theoretically should pop because its heavily shorted and tends to pop rather large when it does. The Russia situation is helping this sector as well.

RTK maybe setting up here again. Daily BB’s pinched.

I’m still thinking the market will move higher from here or Friday or whenever.

I called the bottom in QCOM back in 2006 and I think MRVL has bottomed for awhile based on the charts.

Thanks for reading

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