๐Ÿšจ SPY INDICATORS ON!

Often when a rally runs through some hot sentiment & a “niner” exhaustion signal without a breather, there is a retrace that will wipe out that extension (pink bars) in the not too distant future .. mission accomplished!

SUNDAY NITE THOUGHTS ..

As of this post, you likely are aware of the tweet/news coming from DJT regarding trade talks .. Man oh man, did they ever set up sloppy bulls last week. While everybody was expecting a trade “deal” by the end of this week, we get these comments from the Donald himself late Sunday evening .. And how fitting that it comes in a tweet nonetheless. Regardless, riff-raff bulls needed a good punch in the mouth .. Bears pretty much lost all hope off last week’s quick snap back. We definitely need to get them interested & back involved again.. So in other words, some selling was much needed & well overdue .. Bottomline for us, not much really changes here. Continue to primarily focus on quality post-earnings buying when/if it shows, that will tell us everything we want to know.. Everything else, especially in individual names that still haven’t reported yet, comes with alot more risk attached & are more prone to failire. So remain quick/tactical there .. BUT, that was already the case even before this potential selling as we have discussed & complained about ad naseum recently .. Now at least we have some potential post-earnings set ups & possibly (fingers crossed) a little drawdown in markets do go along with it .. Remain bullish yet remain selective & as always keep our eyes wide open dont get distracted by the inevitable noise out there.