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July 5: My thoughts by TradesAfterWork

Posting this to share with our readers:


My thoughts...

The Markets continued to defy the laws of gravity last week ending higher for the week on all 3 of the indexes despite the resurgence of COVID-19. Just when it looked like the market was going to take a little breather it bounced off the moving averages and proceeded to go the sky. The Nasdaq Composite, as usual taking the lead, was up +4.62% finishing above 10,000. The S&P 500 Index was up +4.02% and the Dow Jones 30 had a good week too, adding +3.25%.

I have to give this move so early in the month to money that pensions and 401(k)'s need to move into the market. Nevertheless, the movement was great for the bulls. It just goes to show you don't fight the trend and the market will do what it wants to do.

As I mentioned last week, all or our positions were sold last Monday, June 29 except for $WPM. If you go to page 2 of the Excel Spreadsheet you will see all the stock positions that we've sold, along with the performance numbers.

There is 1 position that has not activated yet, $HDGE. HDGE will be taken off our "Stocks That Have Not Activated" watchlist tomorrow, Monday July 6 after the market close if it does not price activate at $5.06.

We don't have any trades to put on tomorrow morning.
Have a great evening and happy trading!

- Bernard


Learn more about them here - TradesAfterWork.com -



Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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