Here’s where we’re staying and getting long.
The market continues to drink the Kool-Aid and we don’t want to argue with the guy who’s pouring. What opportunities remain in J Powell’s rally?
The market continues to drink the Kool-Aid and we don’t want to argue with the guy who’s pouring. What opportunities remain in J Powell’s rally?
I covered 2 of these names earlier in the week, and each setup is still intact. I’m building into my position and would like to add one more trade to the list that’s at least worth tracking.
There is definitely a wall of worry in the markets, and I can understand why. At the same time, if these Squeezes play out as they’re supposed to, we’re going to see higher prices in several great stocks. Let’s spend some time reviewing those and also thinking about the April expiration due up next Thursday.
Bonds are close to our entry zone, but I am being cautious and I explain why… financials are ready to rock the S&P and XLF, and we’re just getting started with earnings volatility.
In the meantime, this is my favorite position for the next 60 days.