Billionaires are Dumping Stock
#521
Folks -
Another day, another bunch of good order flow calls.
Sometimes it is easy to get bogged down in day to day auctions and forget to reminiscence about what has been working great. If it aint broken, don’t fix it. See below.
INMD and VSH
INMD has made a very rapid ascent now from low 30s to close near 45 today.
This was not the only one, I had several other. Just from last Friday, my call on TTD below.
Of late I have been very consistent with these calls. Join me to have these delivered to your inbox every day. Join while the momentum remains strong!
On the emini side, my weekly level did hold quite well. Towards end of the day there was a stop run fueled by last minute rally but it did give up to close the session near 4550.
Some other notable calls were like TSLA from the weekly plan that almost touched 300 today. SQ, PYPL, Unity etc. Dozens of other names (Exclusive ONLY for the Stack people).
My levels for tomorrow
No change to my level, it remains 4555-4560 for tomorrow as well.
Scenario 1: The bears want to see this level defended to keep alive a possibility of retest of 4510.
Scenario 2: Bulls, if they can get an IB close above 4560 may target 4586-4592.
On the NQ side, my main level tomorrow will be 15865.
Another interesting tidbit I read was that the billionaires are net sellers of the stocks this year in the US. Combined, they have sold about 10 billion dollars in stock this year. Some of the behest sellers are active in WMT, ORCL and TSLA, when it comes to distributions by the billionaire class.
GLD
On GLD, I like this recent swing low near 176. I think if this holds, we may test 190+ on this. Now 181.
Please read my weekly post on LIS concept. This is an extremely important concept. My LIS is non negotiable, once breached, I was wrong. Nothing more to it. Nothing less.
RUN
Another name on my radar will be Sun Run. I think this thing may have some support near 20 dollars. It is 21 and change at the moment. I think if 20 LIS holds, we may see 30-33 on this.
~ Tic
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