I'm liking these survey results on Stocktwits.

Remember if someone thinks the market is going down, and they put their money where their mouth is, they would have already sold their stocks.

If folks are done selling, the market goes back up.

I am just looking to take advantage of temporarily low prices to pick up more shares of companies I like.

If you have a similar mindset and strategy, I will keep making posts like this you might be interested in.

There are also of course tariff winners. Imagine a company that already manufacture in America an should look better vs foreign goods.

I personally would not try to trade that. Policy can change. Many of those same companies sell over seas too and will be hurt by reciprocal tariffs.

... then if the economy is struggling to cope with the new system, we will see retracements to those second tier support levels. But there is no big obvious gap/drop to fill short term IMO.

$HIMS. First stock I'm looking at that I don't own. 200DMA support.

The stock whipsawed as they stopped being able to sell GLP-1 drugs, but they've now worked out a deal with $LLY.

Could be a Netflix-like moment here. HIMS and the other online drugstores are easier to use than Lilly's new site.

I realize I'm not bothering with resistance lines ABOVE the stock price right now. Maybe telling. We're catching knives right now, so it's not on my mind. Buy when fearful, etc.

Amazon AMZN. Interesting stock. Underperforming the other big tech companies. I guess folks see a move away from AWS and expect some kind of headwind for Amazon's ecommerce biz. Are they more tariff sensitive than others?

Zillow Group (ZG), Jason's stock tip of the year for 2024, has a lot of support at the current price level of $66. Then support at $50 and $40. I'd expect this one to accumulate until rate cuts come hard.

NVDA as a chip maker may be exempt from tariffs. Who knows 🤷‍♂️But will still be impacted if and as the economy weakens.

Support at $100, $75, $50.

I misspoke in my first post here. $400 on the QQQ is the 2022 top. The start of COVID and drop in the market from it needs a 10 year chart now to see it. I'm not used to that.

FWIW, the pre-COVID QQQ high was ~$230. The COVID low was ~$160.

GOOG support every $10 or so from here. $150, $140, $130. I put a line there at the 2023 low, but I feel it would be really hard for the market to push things that low.

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