Sanity Check
Profit-taking and end-of-month shenanigans ruled the last session of the month. Here’s how to keep your focus on trends as June trading begins.
Profit-taking and end-of-month shenanigans ruled the last session of the month. Here’s how to keep your focus on trends as June trading begins.
Prices surged in April as tensions in the Middle East worsened, which is likely the cause of this drastic drop. However, softening demand and stabilizing inventory is also keeping prices from making any major gains.
As posted BEFORE the opening, the stocks that were held by the most hedge funds would be the weakest today, as funds are too overweight stocks relative to bonds.
With the NASDAQ and S&P stuck in a range, let’s look at what the possibilities are for the range to persist and what will trigger the breakout.