Risk levels are holding from the DEMARK Sequential back from the May lows. Amazing how the market hasn't really moved in almost 2 months since that low was made yet the headlines have been spastic. Market is clearly telling us something, especially with how the bond markets are trading at the moment.

The bonds are literally giving the all clear for risk-on yet the general tone of the market is still quite bearish. I have had the same idea on for weeks:

Buy bonds and buy tech. So far this idea is working and I still think its one of those times to hang up the hat and go fishing for a few weeks while the rest of the market macrosplains their inflation, core PCE, fed policy theories.

Furthermore, energy has topped out and continues to head lower. This is good for bonds and as a consequence, good for stocks.

My biggest trade idea at the moment is long HCP. I'm a big user / fan of the terraform product. Nice risk reward against the 27 area. This could easily pop up to 50 without changing much of a narrative.