FRPT had a GLB (green line break-out to ATH, see glossary, retested it and is now moving up. I nibbled at it yesterday even in the face of this market down-trend. Having recently inherited a wonderful mini labradoodle, I know how much people spend on their pets. I have a tight stop loss order in, in case it weakens. Chart below is weekly. I am also watching a new pet stock ETF, PAWZ.
I thought your mantra was to stay out of the market when it’s in a downtrend. Is this entry for $FRPT sort of a small “”gambler’s fix” since you’ve been staying out of the market so long 🙂
Thanks
My QQQ short term trend count is up and I am just nibbling at a few very strong stocks. I am still almost all cash.