More on Market Breadth
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The market remains under pressure as it awaits significant employment news.
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While the business media develops B.S. seasonality narratives, I prefer to look at more substantive market influences:
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Nice move off yesterday’s bottom for gold/GLD.
We added $GLD at around $395 on Wednesday morning β now trading at $407!
Position: Long GLD (S)
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From AI to quantum computing to rocket stocks, what’s the next thing for the trend followers? Maybe it’s hiding in plain sight.
The S&P Short Range Oscillator moved further into an oversold state at -1.86% vs. -1.69%.
Position: Short SPY common (S) and calls (VS)