Hello Everyone,
Quick Comments: Last Friday the Dow and SPX closed down for 8 and 7 weeks respectively, which only occurred a couple times in the past 90 years. This week we are getting a logical reversion to mean bounce with the indexes up 0.75% to 2.75%. I've presented some long ideas since the weekend, many of which have provided trade opportunities (UDMY, DLO, UPRO, WMT, GUSH, SLB, COP, GDXJ, NEM). I also added a handful of new long setups tonight to monitor for trade ideas
High Yield Corporate Bonds have rallied strongly the last two days; the general market tends to move with this group and perhaps this is a good sign
Bitcoin remains in a very narrow range as we've been showing on the 2hr time frame - I suggest monitoring this closely.
As far as the market even though it's up this week, so far it's been choppy and best to focus on a few individual trade ideas
best to your evening,
Matthew Frailey
