SNP
CHINA PETROLEUM & CHEMICAL CORPORATION
stock NYSE

Im not disagreeing there is support there, but there's more downwards pressure from the SNP500, coming down some from the all time high. AMD was doing better as an individual stock leading up to the all time high window. And the higher performing SNP during the AMD lull sort of propped it up, That's why we are seeing this down pressure as the SNP 500 comes down. It's not major. But it's happening.

It is completely possible. But, I don't think many retail traders understand that "picking a stock" for trading and investing are different.
While investing is easier than trading. Picking a stock to trade is easier than picking a stock to invest.
Picking a stock to invest is hard. It has to outperform the SNP. That is just the starting point, after that there's a lot to research about C-suite, financials, general DD. Since it's long term, you can be blindsided by world events. A war, COVID, etc. You could also be blindsided by long term decisions that cause paradigm shifts in the business you invested in.
Picking a stock to trade is easier. It's the actual trading part that is hard, but I do think people overanalyze and make it harder than it is.
Trading is mostly current news and market psychology. If you see a billion indicators on someone's screen, it's information overload and overcomplicates things. You need a handful of stocks to compare to each other and the SNP. Then it's just a matter of learning how those stocks move in relation to each other, and maybe 1 or 2 indicators, like RSI.
My bread and butter is the same 8 stocks I've been trading for the past 14 years on RSI indicator. My trades will look very similar to those who trade the same stocks using the same indicator.
More important that understanding the stock is understanding your portfolio. You'll have some winners, some losers, some inverse each other, some move together. Some are higher risk. Portfolios can have buckets.
The stock market is a vast vast ocean where some surf, some dive, some fish, some swim, and some drown. We all have different strategies, and understanding someone else's strategies means you have to understand their brain (risk profile, industry preferences, etc)

I feel like it's gonna go down more. If you look at AMD stock, and the SNP chart, we are pretty much mimicing it, no retail investor outside of current AMD owners are really buying unless it's a dip and they are averaging down. Most of the upswings have come from SP500 juice. If the SP500 downswings hard around Nvidia's earnings call, that might be a golden dip to buy if it happens. In that scenario 2 things happen we get a great price, and as people buy a SNP500 dip, we get price recovery. And if that happens more people will hitch their wagon to AMD and it'll start to see volume and some additional support levels.

SNP BULL OR BEAR LMK

Im not disagreeing there is support there, but there's more downwards pressure from the SNP500, coming down some from the all time high. AMD was doing better as an individual stock leading up to the all time high window. And the higher performing SNP during the AMD lull sort of propped it up, That's why we are seeing this down pressure as the SNP 500 comes down. It's not major. But it's happening.

It is completely possible. But, I don't think many retail traders understand that "picking a stock" for trading and investing are different.
While investing is easier than trading. Picking a stock to trade is easier than picking a stock to invest.
Picking a stock to invest is hard. It has to outperform the SNP. That is just the starting point, after that there's a lot to research about C-suite, financials, general DD. Since it's long term, you can be blindsided by world events. A war, COVID, etc. You could also be blindsided by long term decisions that cause paradigm shifts in the business you invested in.
Picking a stock to trade is easier. It's the actual trading part that is hard, but I do think people overanalyze and make it harder than it is.
Trading is mostly current news and market psychology. If you see a billion indicators on someone's screen, it's information overload and overcomplicates things. You need a handful of stocks to compare to each other and the SNP. Then it's just a matter of learning how those stocks move in relation to each other, and maybe 1 or 2 indicators, like RSI.
My bread and butter is the same 8 stocks I've been trading for the past 14 years on RSI indicator. My trades will look very similar to those who trade the same stocks using the same indicator.
More important that understanding the stock is understanding your portfolio. You'll have some winners, some losers, some inverse each other, some move together. Some are higher risk. Portfolios can have buckets.
The stock market is a vast vast ocean where some surf, some dive, some fish, some swim, and some drown. We all have different strategies, and understanding someone else's strategies means you have to understand their brain (risk profile, industry preferences, etc)

I feel like it's gonna go down more. If you look at AMD stock, and the SNP chart, we are pretty much mimicing it, no retail investor outside of current AMD owners are really buying unless it's a dip and they are averaging down. Most of the upswings have come from SP500 juice. If the SP500 downswings hard around Nvidia's earnings call, that might be a golden dip to buy if it happens. In that scenario 2 things happen we get a great price, and as people buy a SNP500 dip, we get price recovery. And if that happens more people will hitch their wagon to AMD and it'll start to see volume and some additional support levels.

SNP BULL OR BEAR LMK

In 2022 SNP fell 24.5%, SCHD fell 15.7%, and Bonds fell 13%. How much hedge do you expect of an ETF that also has potential to grow 20% in one year? It already has >3% dividends and 20% per year growth potential. If it had SGOV level hedging I would sell all my investments and put it into SCHD.

AVUV is small cap and SPMO is large cap. It is diversification and when large cap momentum goes down some days, small cap value often goes up. However, in times of a crash, both are expected to go down at a rate more than a typical SNP 500 so don't let it make you think you are hedged in times of a crash.