Tweet of the Day (Part Deux)
Position: None
Position: None
Position: None
It’s still an either/or market with money flowing into the tech leaders, but not the others.
The S&P Short Range Oscillator remains in a slight oversold at -0.71% vs. -0.87%.
Position: Short SPY (M), QQQ (M)
From our Comments Section:
Dougie Kass 7h ago
Monday Night Trading (801PM)
Shorts added to:
SPY $751.01
QQQ $724.61
Position: Short SPY (M), QQQ (M)
Stocks are setting records in the Industrials as the strength broadens out.
The market continues to follow the sentiment cycle chart, and it appears that we’re currently at ‘anxiety’.
With earnings still growing and Starboard circling, I’m using this strategy around a ‘mundane’ industrial.
A few names lately refuse to participate in the market rally, and that’s good for a bearish play.
Here are some rules for ensuring your speculation is more than just a gamble.