Lumber Futures Turning Back Down?

Lumber futures had a nice $70 jump in just over a month due to T Bond rates falling. Looking at the chart the short term up move may already be over.

Home building stocks may have hit resistance.

VVOS Vivos Thera Massive 833% Gain Overnight.

 

The RSI on VVOS stock never gave a SELL signal by trading below 50.

The question was when to get in. The open has high volume but more volatility, waiting for the stock to touch the EMA would have gotten you in at around $11.50.

The stock did trade below the EMA at $16.50 which would have been a premature sell, but at profit of $5.00 non the less. Waiting until the close, meant that you not only had nerves of steel but a crazy profit of $29.50,  or 156% for the day.

Unfortunately for the overnight holders VVOS ended at $29.50 down 28% in after market hours.

GME Gamestop closed up 20% overnight and a potential 10% intraday profit.

 

Daytrading GME would have given you a BUY after crossing above the EMA at $15.30 just before 11:00am, the SELL price was $16.80 when the RSI crossed below 50 and the stock crossed below the EMA. No other trades as it was late in the day.

Only $1.50 using just 2 indicators, but a decent % return for a day trade.

RDHL Redhill Pharma up 128% Today

 

RDHL was up 128% today.

Using only the 10ema indicator to buy and sell you would have completed 3 full trades, and it would have brought you about the same profit % without any overnight risk. If this was your only trade for the year, you would outperform 99% of all investors.

What will tomorrow bring?

MNY MoneyHero Ltd, Is It Really That Difficult To Make Money With This Stock?

 

MNY MoneyHero Ltd, Is It Really That Difficult To Make Money With This Stock?

RED means sell, GREEN means BUY. 

Come on people. 😃

11 Penny Stocks To Buy Now

11 Penny Stocks To Buy Now
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8 Best Stocks To Buy Now