Aug. 14 at 1:12 PM
$FERG $QQQ $NTAP $TMO $SPY
Still Looking Like a Grind/Squeeze Higher
So it looks like the market wants to just move higher. Same thing: loosening financial conditions, calmer market, econ news mostly behind us, and good earnings. "Never short a dull market". These types of moves are always tough to chase if you are not already in. Any news out of left field could cause a sharp pull back, but if it also starts to get away from people and that causes more of a rally.
I’m going to try and take some swings this morning. Keep the profit takes close but baring any news, it might just continue to get away from people, causing it to grind higher.
My Top 500 Market Cap Model (first image) is a pretty reliable model. FERG is my top spot today, from yesterday. NTAP still. I also still have TMO, some of which will expire and sell at the end of the day. I may trim it all. It’s been sideways all week. May need a pullback. I own some Amgen, which is on the list in the SPY model today.
The second image adds my Tech 100 Long Model and also eliminates any tech stocks that showed up on my Tech Short list (there were 11 today). So if by chance a stock ended up on both, it just doesn’t show.
I’m only 22% long right now. I’ll try and trade this open, see if we get the rally.
quant-builder.ai
