Situational Awareness:
Market Condition: Bounce Attempt
Commentary:
Market attempting a bounce this morning. Seems quite technical in nature vs there being any sort of positive reason for it.
I don’t see any catalysts worth taking. I don’t even see many not worth taking!
Quiet day for me. We’re still very much at risk here short term in my opinion. Yields and Oil being so strong is not good for equities. My exposure has naturally dropped and I’m fine to just let current remaining positions play out with partials.
Likely to see some pockets rally today but whether it follows through is very much up in the air.
Have a great weekend.
Trade Updates:
Current Positions: DELL, OKTA, HTFL, NIQ, TEAM,
Stocks in Play Watchlist:
Stocks in Play Watchlist (TradingView Link)
Safe Trading!
Sean Sharpe