FANG Stocks Are Bouncing

“I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.”  Jesse Livermore

Ah, I love summer with music festivals and lazy hazy days with some trading smattered into the mix.

We’re set to bounce now from what I see and I’m into quite a few stocks now with 10% weighting into each of the following SPY, GILD, FB, AMZN, GOOGL, TSLA, NFLX and ACIA.

I held overnight and am looking for some strong bounces into the end of the week.

I’m still looking at these trades as being swing trades and I am not giving them much room for stops.

A nice move off the 200 level and 200 day average area made me buy a 10% weighting at 202 late today.

Stops are right around cost and I’d like to lock in gains at 207 or higher if the trade let’s me.