Market is looking overextended. SPY just hit the 127.2% fib extension, and 161.8% is incoming in the next couple weeks. 161.8% is a magnet for bullish momentum, but will also be resistance. This coincides with the anticipating of a correction, albeit a seasonal small one soon, likely inside the next month. US stimulus though, and market sentiment is still very hot. I think 2021 is very bullish in general still.
I'm sitting on 75% cash, and playing small position short term swings. Long term, sitting on small positions on some blue chips, sold most.
Currently my cores I'm holding at AMC/CGC/SPCE/PLTR/MASS/ESSC. All are pretty much at prices i got them for 2 weeks ago, and will hold through pullback. I have positions in AMCI/GHIV/FUBO/TEDU/DGLY and SNDL that i'll be looking to get out full by end of week.
Once dips come, will be cycling back into weed and EV in about 50% of my portfolio, all pennies and play the spread. They should all consolidate soon, and both are a big push by Biden being in. Popular SPACs the remaining 25%, and leave 25% to day trade and play 24/48 hr swings
Weed - CGC/MJ as Bellweathers and core, IGC/TLRY/SNDL/ACB as cult and will rotate and scale pops into laggards. KERN/CRON/APHA are popular too and I'll spread into there too
EV - TLSA as bellweather and core, AYRO/KNDI/SOLO/NETE/WKHS as cult and will rotate and scale pops into laggards
SPACs - AMCI/HCAC/FIII/ESSC/GHIV all popular as hell and easy to trade. TTCF/CLOV/FSR are post merger, but very culty still.
2021 is going to be a fun year.
