Market Analysis and Trades for 7/18
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The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead
Nice continuation today after yesterday’s LBAF of last week’s low. Things do appear to be a bit frothy between shitcos running and some of the manic buying into the highs on NQ. In my opinion this is a “dance near the door” situation. The music (for now) is still playing and the party is still going, but best to have an exit plan on standby. This isn’t a call for a major top and massive correction, but continued froth likely leads to a 3-5% pullback in the near future.
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