$SPY & $HOOD Bearish, $MU Overextended, $JD Lessons in Risk Management

Key names are at critical junctures.

$SPY teeters on a daily head-and-shoulders, $MU looks expensive in the short term, $JD highlights the importance of cutting losses, and $HOOD remains in a bearish cycle despite potential relief rallies.

1. $SPDR S&P 500 ETF Trust(SPY)$

Liquidity is hanging on for dear life.

And $SPY is building a daily head and shoulders.

If that neckline breaks, things could get ugly fast.

2. $Micron Technology(MU)$

I hope I’m wrong, but I don’t think now is the time to buy $MU.

Yes, trend is bullish and buyers are still in control.

But short term, you’re paying an extreme premium.

My ideal play is a 20% pullback, then looking to buy the dip.

3. $JD.com(JD)$

This is why we cut losses when the system breaks on $JD 🩸

We exited with a loss late last year. Since then, the stock has dropped another 20%+.

If we stayed, we’d be down more and stuck with dead capital the whole time.

Learn to lose quickly, protect capital, and move on.

4. $Robinhood(HOOD)$

HOOD is still in a Bear Cycle in my system.

Monthly BX is dark red, so trend stays down, but a relief rally into the $60 area is possible.

Monthly Bias is often a strong support zone, but I’m still on the sidelines.

I only buy when there is real pressure in the market, not on “discount” alone.

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