I have to think a correction is coming in for these FANG+ names. Something’s gotta give eventually…
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We’re treated to some green today following last week’s market pullback.
In Sunrise Profits, Greg shares his thoughts on the bulls and bears duking it out at the 2,800 level.
In this Sunrise Profits summary, Greg gives his thoughts on the slow market today.
Anyone who jumped in with both feet is now feeling a little pain after the averages slowly retreated into the red yesterday.
The market looks weak and the headlines are starting to change — the media are going negative. I suspect we’re going to hear more about virus spikes today and tonight. We’re in the right names (work from home, e-commerce) to weather the storm if we get a quick move lower.
The S&P 500 continues to flirt with its pre-virus all-time highs. The big question is whether we’ll see a meaningful breakout this week…