Buy New 6-month Lows In Long-term Uptrends?

If you recall, our 6 Short ideas for the Summer were all components of the Dow Transports.

So now what?

Flip the book long Transports?

How can we know for sure if it's in a long-term uptrend?

We don't.

But if it is, the Cyclicals are where we want to look.

Is that why the US 10yr Yield is up 4 weeks in a row and 6 out of the last 7?

Is that why Wells Fargo was up almost 5% this week? Yes that wells fargo...

Today was Quad Witching so a lot of funky stuff went on this week. Just keep that in mind.

Let's see which way they come out swinging next week.

JC