$AMZN TOP 20
Added 2023-09-03 19:11:52 +0000 UTC$AMZN and $GOOG were the real winners of this Wave 4 pull back....$GOOG barely went untouched and $AMZN (so far anyway) has had the shortest potential Wave 4 pull back of all of the Mega Caps on the S&P, it is definitely short but it is valid, as there are 3 waves present.
Apart from $NIO's pull back, my portfolio was largely untouched bare a a few percent and I completely took advantage of the pull back by adding to $PYPL and $BABA, doubling my position in both and green in both now too.
Regardless of what happens in the market, when the stocks I own pull back into an undervalued area, I go even more aggressive and add....like above, I doubled my position. If you can not double your position in these scenarios, you will probably never do it.
$PYPL and $BABA to me are significantly undervalued and the chart backs this up.
One of the keys here is never be overexposed to one stock, I am equally weighted in all of my stocks now, so a large decline in one does not necessarily damage my overall portfolio. For me, most of my stocks make up 10% each.
Back to $AMZN, as long as this holds the 50 Day MA, this will continue to move higher and if the $SPY and $QQQ continue their uptrend, $AMZN will certainly follow suit.
