TUESDAY’S TAKEAWAYS

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OVERALL FLOW WAS BULLISH .. CALL SWEEPERS WERE ALOT MORE AGGRESSIVE TUESDAY INTO EARLY MORNING WEAKNESS .. SHORTER-TERM SPEC-ACTIVITY PREDOMINANTLY MADE UP THE BUY-SIDE ORDER FLOW ONCE AGAIN .. AND AS WE DISCUSSED, THATS TOTALLY FINE BY US FOR WHAT WE’RE TRYING TO DO IN THIS ENVIRONMENT .. BUYING WAS PRETTY BROAD & SWEEPERS ARE PROVIDING A SOLID AMOUNT OF JUICE (momentum) IN INDIVIDUAL NAMES FOR A SUMMER SESSION.. SENTIMENT WAS NOT MUCH OF A FACTOR TODAY, EVEN WITH THE STRONG SQUEEZE OFF THE MORNING LOWS .. MOST SHORT-TERM INDICATORS FINISH THE DAY A BIT ABOVE NEUTRAL .. WE ARE GOING TO HEAR POWELL RUN HIS MOUTH FOR THE NEXT COUPLE DAYS .. EVEN THOUGH NO FIREWORKS ARE EXPECTED, THERE ARE ALOT OF EYEBALLS ON THIS TESTIMONY WHERE ANYTHING COULD LEAD TO SOME VOLATILITY IN MARKETS .. CAREFUL CHASING ANY MAJOR MOVES ..