As always, we have to let the market come to us. Let’s not force anything!
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We got some rotation we’ve been looking for yesterday as the Dow and S&P led the Nasdaq out of the red. Today, we look to jump into a Dow trade as the market rebounds.
I don’t think I need to say much except, “Don’t fight the Fed.” If it wasn’t clear before that the Federal Reserve will do anything to keep this market propped up, it should be now! And today we capitalize on this gap by selling two of our positions for gains.
As always, we’ll look for trades that are out-performing the market.
The second quarter and first half of 2020 are in the books. Welcome to July. No new trade today — still searching for some momentum heading into the holiday weekend. We have to let the market come to us!
Markets slipped yesterday afternoon following the Capitol breach, but still finished the day strong.