Daily Note

Three Quick Thoughts For Friday

May 14, 2021

Thomas Thornton

  • Three quick thoughts for Friday
  • This action looks like a lower high bounce is in progress
  • The economic data today came in weaker than consensus and the market loves it
  • The reopening is now fully underway with the CDC saying masks are no longer needed except in crowded spaces
  • I'm covering a handful of shorts and adding two tech stocks as new long ideas
  • Corn and the soft commodities shorts look good and still actionable
  • The US Dollar could get the downside DeMark Sequential buy Countdown 13 on Monday
  • Have a great weekend
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