If I had to make a wager, I would bet the Federal Reserve announces no change in interest rates.
If correct, I would expect a short-covering rally — but I don’t know how durable it may be (if it occurs).
I have a light exposure profile (basically long cannabis), with a small long position in ($SNDK) my only “play” for a rally.
Positions: Long SNDK (S).
Here are today’s things:
* Added to TRLV ($TRLV) $8.05 and GTBIF ($GTBIF) $6.82
* Added to trading long rental SNDK ($SNDK) at $1,051
Positions: Long SNDK S TRLV S GTBIF S
I added to my trading long rental of SNDK ($SNDK) at $1,032.43.
Positions: Long SNDK S
I added small to SNDK ($SNDK) at $1,085 in premarket trading.
Positions: Long SNDK S
Fighting spreads after surprise attack, Fed Day lands, and let’s look at the rotation and what to make of the semiconductor crash.
As the Fed decision sets up for a strong reaction, here’s what to watch. Plus, why IBD is at minimal market exposure while the Dow rallies.
I added to my Sandisk ($SNDK) trading long rental at $1,068 last night.
Position: Long SNDK (S)
My cost basis on my ($SNDK) trading long rental is $1,169 (well below last sale!).
Positions: Long SNDK S
The good news is Iran and the U.S. seem to be talking again. The not-so-good news is the AI tech trade and all its parts are falling fast. Let’s dig in.
