I’m concerned we’re rolling over.
There, I said it.
Sure, the Non Farm Payroll numbers last week were strong, but there are worrisome numbers looming like the ISM Non-Manufacturing PMI. Not to mention Trump’s incoherent efforts to solidify a comprehensive trade deal with China or a nuke deal with North Korea (love letters don’t count). It’s hard to know where we’re headed, but the path of least resistance is down. Let me be clear, I’m still long until the market tells me not to be.
Here are a few tweets I sent out after late last week/today’s screens:
$TWLO – added some Friday. Stop just below Friday’s low.https://t.co/CgS88DChzP
— ryan 🦏 (@ryanmathews) July 7, 2019
two on watch monday (technicals) : $CMG $FIVE $CREE
— ryan 🦏 (@ryanmathews) July 6, 2019
largely not talked about, but solar still hot. Many at 52 week highs or within a few points. $TAN ETF, $ENPH $HASI $SPWR $SEDG etc. pic.twitter.com/nH6Bywj7lM
— ryan 🦏 (@ryanmathews) July 5, 2019
these charts please me.
— ryan 🦏 (@ryanmathews) July 7, 2019
Trade ’em well and have a great week.
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