Week of 5/26/2024 for SPY SPX ES
Mo' Mother Bar, Mo Problems
Be sure that you have read the free series I’ve started introducing Volume/Market Profile. I will continue to add archives of free content as it will be easier to find than searching for old Substack posts. You can find it halfway down the page at the following link PharmD Capital
We are starting to see some weakness across a number of sectors, but the major indices remain constructive. I’m somewhat reminded of 2021 when a number of sectors were slaughtered for the last 3 quarters of the year while the index was effectively straight up. We additionally saw some pretty horrendous breadth in most of 2023 and the index had a pretty big year. That said, I will begin looking to short some specific sectors and names for the rest of the year while remaining objective and trading the index both ways as indicated. Most of these trade ideas will be shared in the Discord only over the next few months so keep an eye on the “Swings” channel and “stock ideas” channels moving forward.
The new Discord process is nearly full automated and keys off of stripe. Once a stripe transaction is posted, new subscribers will get an email from a PharmDCapital domain with instructions for access. Members will be automatically removed from Discord the day after their Substack subscription expires. Substack usually offers a bit of a grace period following a billing failure to allow members to maintain their legacy pricing. To reiterate from previous posts, any trial that is offered on Substack does not include Discord access.
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