HIMS, despite being overbought, trades like a tech stock and its movement is influenced by NASDAQ sentiment, but the lack of clear market direction made it a hold.
Source Post
Your Trading Plan Is Missing This
Apr 15, 2026
Ricky Gutierrez discusses market trading strategies, emphasizing the importance of breaking structure and continuation for making trading decisions. He explains why he did not short the market despite it being overbought, focusing on the lack of a clear downside break. He also mentions HIMS as a stock that trades like tech and can be influenced by NASDAQ sentiment, but ultimately did not present a clear shorting opportunity due to market conditions.
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