Source Post

The Stock Market Has Officially Broken Out ( Here's My Plan)

The stock market has officially broken out to new all-time highs, completing a crucial "breakout and backtest" (BOB) pattern. While this is bullish and suggests potential for further upside, the creator advises caution due to geopolitical risks and indicators like the RSI suggesting a potential pullback. The creator's current strategy is to continue with small, regular purchases (dollar-cost averaging) but avoid large buys until a pullback occurs, to preserve cash for future buying opportunities.

Linked Mentions

Tickers discussed in this post

HOODBullishMedium ConvictionSignal-backedSecondary

The creator is willing to buy more Robinhood shares, which are currently down 10%, and may even buy more HOOD than SOFI due to the current unrealized loss.

SOFIBullishMedium ConvictionSignal-backedSecondary

The creator plans to continue adding to their SoFi position, which is currently up 9% with an average cost of $17.25, but is not buying in large size due to the overall market conditions.

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