Jul. 1 at 8:04 PM
Markets can feel dead for long stretches, then suddenly open up and reward positioning in a big way.
Trimmed
$OKTA today after a strong run from the entry 4 days ago, up over +250% on the core move. Letting some profits ride, but taking risk off the table when momentum stretches.
Still holding
$HIMS,
$IBM, and
$DELL. What stands out is relative strength — these names are holding structure while broader tape chops around.
That’s really the edge in this kind of market. You don’t need everything to work, just the names that refuse to break.
Feels a lot easier when your book is aligned with strength instead of fighting weak tape.
Curious what others are seeing right now, rotating or staying concentrated in leaders?
