Market Notes

Nothing but sheer weakness in the yen

The divergence is getting funky now! I would expect bonds to follow suit on yen weakness.

S&P 500 looking for continued weakness while we still digest overbought conditions, 4240 is the main target on the cash index.

Uranium charts are looking very, very bullish!

Small caps saying exactly what everything else is, play the range!

TSLA looking like a short trip back to the 211 area

I am long some China names now, which are finally starting to show a little bit of relative strength. However, in a true down market, I can’t imagine not getting stopped out below 80.

DOW is looking good, but using tight stops on “boring” names is not always the most positive expected value bet.

My favorite short idea is DKNG at the moment against the 34 region. I would expect this trade back into the 20’s before the end of summer.

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