Daily Note

Calling a Bottom at the Top

Jul 24, 2019

Thomas Thornton

Semiconductor analysts are calling a bottom in the cycle with stocks hitting highs.   Multiple expansion is now the justification and rationalizing for higher prices.  Central banks have less ammo this time around when multiple expansion happened in 2013

Made one trade on Trade Ideas Sheet - Short TXN

A bunch of stocks looked at today that are near upside exhaustion and two that report today that will get a lot of attention


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