- Equity indexes are rising sharply led by financials… yeah financials!
- Nasdaq is lagging with a weak consumer discretionary sector
- Thoughts on monetizing gains with a pathetic story
- I have some comments on crypto supporters
- Adding some more long exposure on the Trade Ideas Sheet
- A lot on this note so don’t miss it
Daily Note
A midday email that covers US, European, Asian indexes. Stock trade ideas. Market sentiment charts and focus stocks to watch using various technical indicators. Erlanger short interest highlights. This is a comprehensive note that covers quite a lot of territory.
Bear Market
- Ugly day but we’ve seen worse recently
- Adding more long exposure and covering some shorts
- More indexes and stocks with DeMark buy Countdown 13’s.
- I expect next week to be up.
Ball Under Water
- A rather boring day however it’s not a bad day and that might be a positive
- Adding more long exposure as I expect a bounce soon
- Sentiment is oversold, more DeMark buy Countdown 13’s
Looting Retail
- Brutal day
- Cutting early a lot of longs was the right move.
- Some new DeMark exhaustion signals that were pending are now qualified
- No changes to the Trade Ideas Sheet 27% cash give us ammo
When Hawks Buy
- Another strong upside day with momentum starting to increase
- Several changes to the Trade Ideas sheet
- The Bank of America fund managers survey shows fund managers are VERY BEARISH
Wanted: Upside Momentum
- The markets (and me) are struggling with momentum
- Momentum on the upside is wanted right now
- A lot of gamma exposure around the S&P 4000 level can chop us all week
- A couple of changes on the Trade Ideas sheet