I’m not going to spend too much time on the “why”, I’m much more interested in the “how”. As in, how can we profit in this environment?
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In Sunrise Profits, Greg shares his thoughts on the quiet market day.
Even if we do see a little recovery today, I suspect the tech stocks will need to see some more chop before breaking out again.
In Sunrise Profits, Greg recommends cutting losses on an open position and discusses current market attitudes.
We’re staying in cash once again today. It certainly feels like the calm after the storm right now. We will see if it can remain stable through the afternoon and into the closing bell. Regardless, there’s one thing way to come out on top in times like these.
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!