So, Does This Mean TLT Is Guaranteed to Go Up Tomorrow?
And guess who is nearly a trillion-dollar company again…
And guess who is nearly a trillion-dollar company again…
25 basis point cut. That’s the expectation. I continue to play the long bond/long equities combo. I also discuss XLV and PFE in this video as well as where I will buy dips in the YM, ES, and NQ.
The market is waiting on the 0.25% cut from the FOMC (forget the 0.50% nonsense) and a statement that rolls out the red carpet for another 0.25% cut in September. Long bonds, long equities, and even long dollar can work… here’s what is on my radar.
We’re expanding our watchlist as the relative outperforming names gain clarity. Here I discuss meats and grains as well as our current book of trades.
Three positions are in there zones for taking profit and scaling out. In this video I walk throuhg open positions in DIS, XOP, and Natural Gas.
I’m exercising caution in the market right now but there are two new setups I like – WMT and COST, two of my favorite stores that are defying the retail apocalypse. Check out the parameters here
Between the way the market opened and how it closed, we saw some varied price action. The market leaders and our favorite cloud kings were taking a hammering but towards the end of the day, it became apparent that buyers were coming in. It will likely be like this until the Fed decision on Wednesday and I’m staying light and nimble, while keeping an eye on our favorite tickers – TWLO, V, ZTS, PYPL, ROKU, AMZn and more.