Hey, in one chart, GOOG is largely the reason why, despite my saying that we are likely going to hold up in October, I exited all my longs yesterday and am waiting for a clearer opportunity. This name is too bearish for me to stay long on the markets, despite many bases being made(namely IWM/XLF). This name looks extremely similar to how it looked after the March rally- where it ended up heading lower; I circled a point in the chart that I consider to be very similar.
I've made many posts about GOOG as I think it is a very predictable stock; by the look it has been giving, I'd much rather be short on this name than long- I definitely wouldn't want to stay long on this name.
Until I see clear opportunity, I will be sitting in cash. I suspect GOOG will give clearer opportunity after earnings- perhaps GOOG holds up until earnings and drops on earnings.
I've made many posts about GOOG as I think it is a very predictable stock; by the look it has been giving, I'd much rather be short on this name than long- I definitely wouldn't want to stay long on this name.
Until I see clear opportunity, I will be sitting in cash. I suspect GOOG will give clearer opportunity after earnings- perhaps GOOG holds up until earnings and drops on earnings.