Equity, rate and positioning updates

Summary

Existing positions

Covered 2/3 TSLA 0.00%↑

Covered All MSFT 0.00%↑

Sold 1/10th PYPL 0.00%↑

New Trades

Long DASH 0.00%↑ 102, 110.5 target, 103 trailing stop.

Short AAPL 0.00%↑ 189.75, stop 190, 170 target

Long MDB 0.00%↑ 390, stop 385, target 420

Position notes:

Close to pulling the parachute on LZ 0.00%↑ long if we close below 10.20 this week. Average price was from 10.9. This is close to qualifying DeMARK propulsion down to sub 9.

Some notes:

I’m expecting a short-term bounce in TLT. This would indicate more risk-on in tech to me from Friday into early next week.

If 10-year yield stays above 4.1% though, we are expecting 4.4%!!!! This is a short-term bounce expected in tbonds, we should reflect on the 10-year after early next week.

No surprise that ARKK is sitting at DeMARK propulsion support right where the bonds are. This could be the hedging idea if one doesn’t want to blindly cut the rates long trade.

Vol failed to get any traction!!!

DoorDash (DASH) is an exciting momentum long idea I’m looking to ride to the 110+ TD Propulsion upside target on the hourly. This comes in line with a fresh IPO and “100 round number” breakout.