Twitter $TWTR & Stock Market Melt Up $SPY $FB $QIWI Trend Following
As I always say…Anything can happen. Twitter is only up about 50% or so in the past 2 weeks. Maybe it is 1998 once again….however red flags are waving for me. These red flags does not mean we will have an imminent stock market crash however weigh out the evidence and trade with a complete trading plan and most importantly with hard stops you can follow.
Yesterday was a low volume day…however on a positive Faceback $FB and Qiwi $QIWI two of the strongest stocks in the strongest sectors have been performing well. When we trend follow the key element is not to have opinions and simply follow the trend.
Caution should be heeded due to the fact of extreme optimism…age of the bull market…high level of margin debt.
Past performance is not indicative of future performance