“If you want to have a better performance than the crowd, you must do things differently from the crowd.” John Templeton
Another day with not too much going on as markets and stocks are not showing any trend at all yet.
AAPL saw a nice spike on news that Warren Buffet bought a $1 billion stake in the company.
He is usually into safer, steady stocks who don’t move fast often so that plays into my views that the stock has long since had it’s glory days.
I shorted some TSLA today but that’s all I’ve got for positions at the moment.
SPY had a nice day until weakness into the close as it continues to setup for a move lower.
The head and shoulders pattern is still valid and points to a move lower to 200.
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