Randy Opper

I honestly cannot remember a bearish market condition with so many great looking charts. Hiding in a few leaders.

The only thing that works in this market is to hide in a few leaders and avoid everything else.

Sold the vast majority of all positions the last two days. Plenty of stocks are fine but the hot stocks need a rest.

The powerful turnaround in price action since Thursday has justified building multiple positions, and even (NVDA) could invalidate its downside target near $130 if the market continues to hold last week’s low.

It has been an exceptional oversold bounce in the market with many small cap weighted names showing strong action. The market now sits at a decision point. From here it will either shift into a breakout trending market if buyers step up or we will start to retrace lower again.

This bounce has been more powerful than I expected. While many of the AI and tech leaders still need plenty of work there is no shortage of good bases and patterns outside of that group.

A super oversold bounce in the market today which best in stocks like GRAL which was not part of the tech plunge.

The risk off signal from weeks ago was further confirmed today. It looks like a larger correction has now started but we will need more price action to know how far down we will go. A $50 decline in NVDA might be possible down to the $130 area.

I noted to move to higher levels of cash as the market was topping. The market had run a marathon from the April low and then accelerated higher in a last exhaustive push. It will take some time to setup again.

Poor breadth and a very extended market is a good reason for higher levels of cash at this juncture.

The action in leading stocks and major indexes is becoming increasingly volatile, with plenty of selling into strength each morning. I’m trading less aggressively this week.

Haven’t posted in a while but with markets moving like this , I don’t know how anyone finds the time to. Too many great stocks to own.

Cryptocurrencies are struggling from the last buy area and there are signs that seller are present in the market. Being more careful with new buys here and reduced some like ALAB last week.

Reduce some ALAB after the massive move from the $93 buy. Been a super run not saying it's over yet.

Crypto is working from the inflection signal noted on Wednesday morning.

Today is an inflection day for crypto.

I am not sure people understand what is happening with NBIS but an exceptional position to be long.

Nice to see ALAB back on the move up and leading again.