Postcards from the Florida Republic - TIO, NAIL, AAPL, MSFT, ALB, FL.
The media needs to stop explaining why the market is up or down with generic stories. It's less complicated. Also, Ford has a new lithium partner (two... really.)
The PDF version is available for download in the Link below… or just keep reading.
Dear Old Friend,
It feels like a case of the florida mondays…
The humidity’s here – even at 7 am. Construction workers bang away on new roofs of new homes, spurting out of the ground like Pop-Tarts. This is the place to be… and traffic jams are on a 12-home street.
Let’s quickly look at today’s events from under my lone palm. Be sure to check out the weekend edition… here…
The Media NEVER Gets This Right
The media’s reporting how the market is down today because of “tense debt ceiling negotiations.” Why do they always have to try to explain market moves? The reality is that Friday was a big options expiration day, and now we start our march toward June 16 Quad Witching. The S&P 500 is at a critical resistance level at 4,200, and momentum turned Green last week.
My Active Trading List for Monday
TIO, NAIL, AAPL, MSFT, ALB, FL. I wonder if we'll get some relief from oversold territory after Foot Locker’s (FL) bru…
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