That was a nice pop for the market this morning, and then a quick fade up until lunch time.
Consolidation would be healthy.
Here are today’s trades:
- I shorted $OIH on July 12 at 322.87 and covered today at 321.86.
- I bought $NET at 69.40 and sold at 69.99.
- I bought $AMD at 116.57 and sold at 117.20. It kept running
- I bought $TSLA at 279.13 and sold at 280.13.
And I want to send a special shoutout to Mary for asking if $NFLX had potential to pop at a break of 451. I said it has room to run to 455!
A few traders took the trade.
I have open long positions in $HES, $VXX, and $MS.
I have open short positions in $QQQ, $KLAC, $NFLX, and $ARKK.
Have a great weekend. Look for the Morning Briefing on Monday.
All Star Charts Team