Good Day everyone,
As you know the market conditions are very ‘iffy’ right now.
Do we test the 200 day moving average on the S&P 500?
Do we breakout?
Do breakdown from here?
There are many unknowns with market breadth screaming potentially overbought but short squeezes make it hard to read from a high conviction standpoint.
As we remain very open minded, we have tried to find a high conviction area we can cover to provide you with the best value.
There is chaos in many sectors and industries right now with META 0.00%↑ flying to the upside (which we called for a longer above $104 and it ran to $118) and NFLX 0.00%↑ seeing more strength as well which we called months ago fro longer term traders.
The US Dollar has plummeted after CPI data was released and money has rotated into tech rapidly with ARKK 0.00%↑ seeing a nice burst and out of value with healthcare getting wacked.
What lies ahead?
Where is our edge and what are we looking at?
In this report we discuss:
Buying The Dip
China Stocks
Currency Trade
Blockchain stocks
Semi-Conductors
Robinhood
Bottomline